Can you update our readers on the progress at Amex Exploration’s flagship Perron gold project?

VC: Amex Exploration is continuing its drilling activities at Perron. We will complete 100,000 m of drilling in 2022 and expect to reach 100,000 m in 2023. We plan to release a NI 43-101 resource calculation along with a PEA by the end of 2022. This timeline remains flexible, however, as we keep making new discoveries and want to bring out the biggest maiden resource possible.

We have also made a great discovery within a copper rich VMS zone. It is highly beneficial that Glencore’s Horne smelter is located just 1.5 hours away by truck, as they need copper rich VMS which we can provide.

What aspects about Perron’s location excite you?

KM: The project is fully accessible by highway and is approximately an eight-hour drive from Montreal. The property is host to very high-grade gold, and we have already made a number of significant gold discoveries at the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, the Central Polymetallic Zone, as well as various new discoveries we have made over the past few months. In addition to high-grade gold, we have large, low-grade bulk tonnage mineralization and high-grade copper mineralization. What makes Perron unique is the geological setting that provides the opportunity for both high-grade gold and copper.

Has Amex Exploration experienced an increase in operational costs?

KM: Our costs are relative to inflation and have gone up since the discovery in 2019. At that time, we were drilling holes for approximately C$150 per meter, but now, that is closer to C$275 per meter. This is due to several factors including an increase in labor and drill rates associated with not only inflation but also an increase in exploration activity throughout the industry.

In terms of financing, what are the company’s plans regarding its Lebel-sur-Quévillon and Eastmain River projects?

KM: The company has done small-scale work recently with geological success to keep these non-core projects in good standing. There is historic gold on both of those properties, and we seek to monetize them in some capacity. The Eastmain River property is comprised of two different blocks of claims near the Eastmain River mine, a high grade past producing mine now being advanced by Fury Gold. We have great targets and nice outcropping mineralization at our Eastmain River property. There are a few different claims at the Lebel-sur-Quévillon property, with the main one being Cameron. We have historically found gold at the Cameron property, but it has never really been worked aggressively.

VC: We will try to monetize those projects, but our main focus continues to be the Perron project where we are building a resource and economic study to decide whether we take it into production or sell it.

What is your assessment of operating in Québec as a mining jurisdiction?

KM: This is my first time working in the province, and I genuinely love Québec as a mining jurisdiction. I have worked extensively in Northern Ontario, and the geology there is basically the same. The differentiating factor that makes Québec stand out is its spectacular financing initiatives. We can raise money in a manner that is far less dilutive than we can in Ontario. Additionally, the permitting process is very straightforward, and within a month of submission (at least for drilling permits), we get either approved or denied.

How does Amex Exploration incorporate themes related to ESG into its operations?

KM: We are in the process of obtaining the ECOLOGO certification, which is the Québec ESG standard. With this certification, you are essentially getting a stamp of approval to operate. We are learning a lot through this process and growing as a company in a sustainable way. Amex Exploration operates in the vicinity of the Pikogan First Nation, and we are committed to continue improving and strengthening community relationships through ongoing open dialogue and meaningful engagement.