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Amex Exploration ( (TSE:AMX) ) has issued an announcement.
Amex Exploration has reported the final results from its grade control drilling program for the planned bulk sample at the Champagne Zone of its Perron project, confirming high-grade gold intercepts and tighter drill spacing. The company will now update geological wireframes and the block model to enable more precise stope design, reducing geological risk and strengthening confidence in the proposed mine plan.
The program reduced drill spacing from roughly 12–20 metres to about 5–10 metres, with HQ core drilling and directional technology improving the representativity and accuracy of assays. Amex also highlighted that its existing block model is performing well against the new infill drilling and is preparing to launch its first drill program on Perron West in Ontario, signaling continued exploration momentum and potential resource growth.
The most recent analyst rating on (TSE:AMX) stock is a Buy with a C$6.50 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 AMX Stock
According to Spark, TipRanks’ AI Analyst, 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 AMX stock, click here.
More about Amex Exploration
Amex Exploration Inc. is a Canadian mineral exploration company focused on advancing its Perron gold project, including the high-grade Champagne Zone, in Quebec and Ontario. The company targets gold deposits through detailed drilling and resource modelling to support potential future mining operations in established North American mining jurisdictions.
Average Trading Volume: 191,469
Technical Sentiment Signal: Buy
Current Market Cap: C$533.2M
See more data about AMX stock on TipRanks’ Stock Analysis page.