GOLD
AMEX EXPLORATION
GREAT BEAR RESOURCES
NEW FOUND GOLD
WALLBRIDGE MINING
FOUR
SUPERSIZED
EXPLORATION PROGRAMS A strong gold price has sent the size of Canada’s biggest gold exploration drill campaigns soaring to new heights By CMJ Staff
G
old exploration in Canada is on the upswing. A strong rise in the yellow metal’s price leading up to the August
2020 peak above US$2,000 per oz. has spurred on exploration in Canada that may lead to the nation’s next new mines. It’s also had the effect of supersizing drill programs for juniors with promising discoveries, savvy management and talented exploration teams. There are now several juniors carrying out supersized drill programs involving 100,000 metres or more in a single year – in many cases before a resource has been compiled for the project. Here’s our look at four such projects.
26 | CANADIAN MINING JOURNAL
Amex Exploration
Perron project, Quebec 2021 DRILLING: 180,000 metres INITIAL RESOURCE: Late 2021 Amex Exploration plans to wrap up a mammoth 300,000metre drill program at its Perron project in Quebec this fall, and then begin work on a property-wide resource calculation. Incorporated into that resource will be data from 120,000 metres Amex completed to the end of 2020, and another 120,000 metres planned this year up until October, when work on the resource will begin. mex first optioned erron in before earning a interest in the project. The junior has made several discoveries since 2013, but exploration really picked up speed in November , when mex announced it would expand a planned 40,000-metre drill program to 100,000 metres on the back of high-grade results from multiple zones. The project is located 110 km north of Rouyn-Noranda in Quebec’s Abitibi region, near the village of Normétal. mex has defined four deposits along the erron ault, within a . -km mineralized corridor at the . -sq.-km project.
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