Amex Exploration – Bulk Sample Permit Imminent, Phase 1 Feasibility Study Coming in March, Ongoing Development and Exploration Work At The Perron Gold Project and Ontario Projects
Victor Cantore, President and CEO of Amex Exploration Inc. (TSX.V: AMX) (OTCQX: AMXEF), joins me for a comprehensive update on all the development work and exploration results that will be feeding into the upcoming bulk sample, and 2-Phase economic studies around their 100% owned high-grade Perron Gold Project located in Quebec, Canada. Additionally, we discuss the near-term exploration campaign about to begin on the expanded land package across the provincial border into Ontario, from staking claims and their 2 recent acquisitions of Perron West and the Abbotsford/Hepburn properties.
We start off getting the roadmap to the near-term trial mining of the high-grade Champagne Zone for the upcoming bulk sample. Once the permit is received in March, the plan is to mine the bulk sample material and process ~40,000 tonnes via toll-milling at a nearby plant, which should result in around 20,000-23,000 ounces of gold production.
In addition to what they will learn in the process, after investing $40 million into the bulk sample process, it should return about $80-$100 million in non-dilutive capital back, allowing for progressing right into Phase 1 toll-milling for the next several years. There will be an initial Phase 1 Feasibility Study coming out later this month, outlining the first 4+ years of moving into initial production through trucking over high-grade ore and tolling milling it at nearby plants in Quebec.
The revenues generated from these processes will fund all the exploration and development work that feeds into the Phase 2 studies; for the move into a larger production scenario processing ore right on their property. All of the data collected and information learned, in combination with with expanding resources from all the ongoing drilling will then be factored into the eventual Phase 2 Feasibility Study on the larger project; where building a processing plant on site will be released which envisions the true potential of the overall larger Project.
Recent Champagne Zone Grade Control Drill Results for the Bulk Sample:
- Drill Hole # PE-19-47W1 – Intercepted 76.51 g/t Au and 7.57 g/t Ag over 6.4 meters (m), including 312.60 g/t Au and 25.85 g/t Ag over 1.55 m
- Drill Hole # PE-26-894 – Intercepted 110.05 g/t Au and 7.20 g/t Ag over 2.15 m, including 233.96 g/t Au and 14.90 g/t Ag over 1.00 m
- Drill Hole# PE-21-371W1 – Intercepted 52.36 g/t Au and 8.90 g/t Ag over 0.5 m
The exploration team will also be hard at work all year long in Quebec expanding and further updating their Resource Estimate; which currently hosts 2.3 million ounces of gold in all categories, with 1.615 million in Measured and Indicated, and 698,000 in Inferred. The largest portion of those resources come from the Champagne Zone, but with strong contributions from the Grey Cat, Gratien, Western Denise, and Team Zones, and all areas are still open for expansion.
The Company plans to drill 100,000 meters, from both around the known deposit at Perron, as well as their newly acquired and staked lands in Ontario, Canada. On March 2nd, they announced having entered into an Exploration Agreement with the Apitipi Anicinapek Nation (“AAN”) in respect of the Company’s Perron West Project and Abbotsford and Hepburn Projects located in the province of Ontario (collectively, the “Ontario Projects”). There will be plenty of drill assay news coming out to the marketplace consistently throughout 2026 as the Project resources continue to grow.*
If you have any questions for Victor regarding Amex Exploration, then please email them into me at Shad@kereport.com, and we’ll get those addressed or covered in future interviews.
- In full disclosure, Shad is a shareholder of Amex Exploration at the time of this recording.
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I got stopped out of HydroGraph this morning at a good price, this stock is so volatile, now I have to figure out when to get back in! LOL! DT
March 11 Things To Ponder:
Politics may be controlling:
1. The current Administration has not come up with an acceptable reason for the Israel/US attack on Iran.
2. Proper preparation was not made to protect US Military and Civilian allies from counter attacks.
3. Iran has a wealth of drones and super sonic missiles which are capable of piercing the “iron dome” and have proven so.
4. The US is possibly depleting their expensive defense and offensive missiles and have even requested the assistance of Ukraine to combat the Iranian drones used by Russia against Ukraine,
5. China has been buying Iranian Oil.
6. Europe has been cut off from Russian Oil due to sanctions associated with Iran.
7. The current US Administration has lifted sanctions against Russian Oil so that other countries may have access to Russian Oil due to the blockage of the Straits of Hormuz.
8. Russia funds the Ukranian War primarily with oil sales which now will increase as a result of the attack on Iran.
9, Iran has attacked all countries in the area where the US has bases despite them being neighbors.
10. Iran has apologized for the attacks to their neighbors and have suggested they may want to join Iran and their allies primarily China and Russia and possibly the Brics.
11. Many experts believe that the US can not win a ground war and an air war will be insufficient to take down the regime.
12. The same experts believe that Israel could face devastating destruction.
13. The middle east has seen the almost annilhilation of Gaza without explanation. Same reasons for attacking citizens, schools, hospitals, etc used by Israel are now being mouthed by US in Iran.
14. Official reports by other nations indicate that Iran had offered an agreement to not develop nuclear weapons and allow inspections but the meeting disrupted by the US and an illegal preemptive attack by the US followed (premeditation of another agenda).
15. Meidas announced this morning that they have received information that the US is unilaterally removing the “iron dome” defense system from South Korea making SK vulnerable from close range attack from the air.
16. Rumblings from Russia and private enterprise interests of possible threats to the Baltic nations.
17. The US Secretary of State and President has indicated interests in partnering with Cuba.
18. The US already did a preemptive strike on Venezuela with large oil reserves and natural resources.
19. Iran has large oil reserves and natural resources.
20. The Middle East Royal States have large oil reserves and/or natural resources.
21. The Middle East countries could turn on the US and Israel who could be neutralized as a result of the Iranian War and Ukraine, and become tie to Brics without US presence.
22. Us could be allowed to withdraw in their weakened state and return to North/South America control.
23. Dictatorial control along with Private Corporate interests (cross borders) could flourish.
24. Wealth concentrated at the Top.
25. All roads seem to involve Israel, US, Russia and China as players.
These are a few of the reasons why “politics” have to be more than just considered while looking at investments. They should not be separated because they are thought to disrupt “classic investment theory”. They should be a major factor in the matrix.
If anyone at all is reading this, let me add another observation to the above scenario:
It looks like almost 100% of the “countries” involved are either some form of “Autocratic ” government, or, a couple that are “acting autocratic” without “legal sanctions” from their government structure. Maybe that is a starting point to nail down the “Agenda” and possible implications of this “unwanted war”.
https://www.fibonomics.com/2026/03/silver-setup.html
Silver : Target 92.45 (Consolidation or Turn)