Critical Minerals and Energy Intelligence

Exploring the Perron Gold project: how AMEX Exploration is unveiling Quebec’s next major mining district

Sponsored Post: exploring the Perron Gold project: how AMEX Exploration is unveiling Quebec’s next major mining district

high-grade resource anchoring a district-scale growth story
staged mine plan with strong economic returns
major expansion potential with multiple open zones and new discoveries

Canada’s Abitibi greenstone belt is one of the world’s most productive gold regions, with more than 200 million ounces mined over the last century, and AMEX Exploration (TSXV:AMX),believes its Perron Project in Quebec — anchored by high-grade discoveries across a rapidly expanding district-scale land package — is positioned to become the next major source of high-value ounces in this storied mining camp.

AMEX now controls 197.52 km² of highly prospective ground after adding the adjacent Perron West property, securing over 35 km of strike along the Normétal Fault and 9 km along the Perron Fault — the structural corridors that host Perron’s high-grade gold.

This land consolidation has shifted Perron from a single-deposit play into a district-level growth story with substantial room for further expansion.

And the company’s mineral inventory has increased significantly. In its May 2025 update, AMEX reported for Perron:

1.615 Moz Measured & Indicated @ 6.14 g/t Au
698 koz Inferred @ 4.31 g/t Au

Perron 1 - The Oregon Group - Critical Minerals and Energy Intelligence

The flagship Champagne Zone — formerly the High-Grade Zone — now hosts 831 koz M&I at 16.20 g/t Au and a further 128 koz Inferred at 9.83 g/t Au, per AMEX’s published mineral inventory.

AMEX Perron - The Oregon Group - Critical Minerals and Energy Intelligence

Few emerging gold projects globally offer this combination of high grade + multi-million-ounce scale in a tier-one, infrastructure-rich jurisdiction.

AMEX’s Preliminary Economic Assessment proposes a staged approach to project development that begins with four years of 1,000 t/d toll-milling before transitioning into 17.5 years of total mine life at 2,000 t/d with an on-site plant. Gold production to average 112,000 ounces the first 10 years, with an average diluted grade of more than 7 g/t Au in the first 10 years. Initial capital requirements of CA$146.1 million are partially offset by CA$68.6 million in pre-production revenues from shallow high-grade ore, lowering financial risk while engineering and permitting advance.

Logistics and metallurgy further de-risk execution. The development footprint does not require new camp construction, sitting less than 10 km from Normétal. Reliable hydroelectric power, existing road access, and supportive local labour capacity are already in place. Gold recoveries exceed 95% across major zones, and more than 75% of recovered gold can be captured by gravity in the Champagne system, a key factor in lowering operating costs.

And Perron’s significance lies in its open-ended growth.

“We’re putting together a full-size portal decline ramp for a bulk sample. That will take one year of construction from the date we get permitted. So, after that, we will work on permitting Phase 1 commercial production, and then we can go straight into production because the infrastructure is largely already in place from the bulk sample. Immediately we will go well over 100,000 oz a year and toll mill off site — just at the beginning — and then we ramp up from there to on-site milling.” — Victor Cantore, President and CEO and Director, AMEX Exploration

All major zones — including Champagne, Denise, Gratien and Grey Cat — remain open laterally and at depth, with multiple parallel structures emerging across the Beaupré Block. AMEX has drilled more than 600,000 metres to date and invested over CA$125 million in exploration at the project. New targets at Perron West and the recognition of VMS potential at the QF Zone indicate that the district may ultimately host both gold and base-metal mining opportunities.

Permitting and feasibility work are now advancing in parallel. AMEX has begun environmental and impact studies while planning a bulk sample and a full feasibility study to follow the updated PEA. The company highlights strong community relationships in Normétal, and the absence of lakes or rivers over the initial project area simplifies regulatory planning.

AMEX is led by a team with deep experience in high-grade discovery and mine development across the Abitibi. President and CEO Victor Cantore heads the company, supported by COO Pierre Carrier and VP Exploration Aaron Stone, who collectively bring decades of technical success advancing gold projects into production. The Board includes respected industry figures such as Peter Damouni and Phillip S. Brumit Sr., adding capital markets strength and operational expertise. Major shareholders — including Eldorado Gold (17%), Eric Sprott (10.5%), and insiders — provide strategic backing, signalling confidence in the project’s trajectory.

Perron is fast becoming one of the most compelling high-grade gold development stories in Canada. If continued drilling proves the lateral continuity of Champagne and Denise at depth, and if the Beaupré Block continues to deliver new discoveries, this could evolve from a single-mine plan into a multi-deposit mining district.

For now, the combination of grade, scalability and jurisdiction gives AMEX Exploration a strong foundation to pursue that ambition — and a project that is increasingly difficult for the market to overlook.

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