Interview with Victor Cantore, President & CEO of Amex Exploration Inc.

Our previous interview: https://www.cruxinvestor.com/posts/amex-exploration-amx-5-rigs-turning-at-perron-gold-results-follow-2757

Recording date: 14th September 2023

Amex Exploration is a Canadian junior gold exploration company focused on its high-grade Perron gold project located in northwestern Quebec. In this interview at the 2023 Beaver Creek Precious Metals Summit, Amex President and CEO Victor Cantore provides an update on the company's exploration progress and development plans.

Cantore states that Amex has a full schedule of meetings at Beaver Creek, including retail investors, institutions, funds and strategics. This indicates significant interest in the story as the company advances both exploration and early-stage development work. According to Cantore, Amex recently added a mining engineer, resource geologist and environmental specialist to the team to advance Perron towards maiden resource estimation and a Preliminary Economic Assessment (PEA) in 2023. The exploration team remains fully intact with plans to continue drilling to expand resources and make new discoveries.

Regarding the impact of recent forest fires near the Perron project, Cantore confirms there were no injuries or significant damage. The fires did cause a 7-week delay in drilling, but will also open up new areas for exploration via 65km of new roads being built in the region. Amex still has 5 drill rigs operating focused on infill drilling for the resource and exploration step-outs to expand mineralization.

As of June 30, Amex had C$12.4 million in cash plus another C$4.4 million in flow-through funds to be spent by year-end. This is sufficient to fund continued exploration and development work into 2023. Cantore states Amex can control the burn rate and slow drilling if needed, but there are no immediate financing plans. The company will look to raise opportunistically at better valuations in the future.

Regarding the high-grade gold mineralization, Cantore emphasizes the impressive continuity of the high-grade zones which lends itself well to potential underground mining scenarios. The development team will assess various mining methods and economics to maximize returns in the maiden resource and PEA.

The key members of the development team are mining engineer Steven Cooke, Jonathan Gagne who worked on the Greenstone project, geologist Richard Pierre who worked on the Cisco project, and permitting specialist Jacqueline Leroy who worked on the Elder mine. This experienced team will provide crucial inputs for maximizing the value of Perron's high-grade gold mineralization.

Despite weak equity markets, Cantore remains positive on the gold price long term. He believes high interest rates are cyclical and will eventually decline, which should spur a renewed gold bull market. In the interim, Amex is fully funded to continue delivering results from its dual exploration-development strategy focused on advancing the exciting high-grade Perron project.

In summary, Amex Exploration is actively exploring and de-risking its Perron gold project in Quebec to build shareholder value. The experienced management team is executing a clear strategy by drilling to expand resources, while advancing engineering and economic studies to demonstrate a path towards gold production. With a tight share structure and strong institutional support, Amex Exploration warrants consideration as an emerging producer in a top-tier mining jurisdiction.

—
View Amex Exploration's Company Profile: https://www.cruxinvestor.com/companies/amex-exploration

Sign up for Crux Investor: https://cruxinvestor.com