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The latest announcement is out from Amex Exploration ( (TSE:AMX) ).
Amex Exploration reported new high-grade drill results from its Champagne Zone bulk sample grade control program at the Perron gold project in Quebec, including 110.05 g/t gold over 2.15 metres and 52.36 g/t gold over 0.5 metre. Management highlighted that these results confirm the robustness and continuity of mineralization and validate the existing block model, reinforcing the Champagne Zone’s role as the core of Phase 1 operations.
The company’s short-spaced, high-detail drilling is designed to tighten drill spacing to 5–10 metres, reduce geological risk, and improve mine planning for the upcoming bulk sample and initial toll-milling phase. Executives said the Phase 1 feasibility study remains on track for completion by the end of the first quarter, underscoring continued progress in de-risking and advancing Perron toward near-term underground production and strengthening Amex’s position in the high-grade gold segment.
The most recent analyst rating on (TSE:AMX) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Amex Exploration stock, see the TSE:AMX Stock Forecast page.
Spark’s Take on TSE:AMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.
The score is driven primarily by weak financial performance (pre-revenue, widening losses, and negative free cash flow) partly offset by a strong debt-free balance sheet. Technicals are a positive contributor due to a strong uptrend, though momentum looks overbought. Valuation is constrained by ongoing losses and no dividend support.
To see Spark’s full report on TSE:AMX stock, click here.
More about Amex Exploration
Amex Exploration Inc. is a Canadian mineral exploration company focused on gold exploration and development, with its flagship Perron project located in Quebec’s greenstone belt. The company targets high-grade gold zones such as the Champagne Zone and is advancing the project toward phased underground production, supported by economic studies and an expanding land package in a prolific yet underexplored mining district.
Average Trading Volume: 221,404
Technical Sentiment Signal: Buy
Current Market Cap: C$627M
Find detailed analytics on AMX stock on TipRanks’ Stock Analysis page.