Amex Exploration Inc. — A Surge in Grade and Market Confidence

Amex Exploration Inc. (TSX‑V: AMX, FRA: MX0, OTCQX: AMXEF) has delivered a headline‑making result from its Grade Control Program (GCP) at the Champagne zone, reporting 76.51 g/t Au over 6.40 m in the first hole. The same bore yielded 7.57 g/t Ag, and a 1.55 m intercept at 312.60 g/t Au, 25.85 g/t Ag at roughly 200 m depth (hole PE‑19‑47W1).

These figures far exceed the 52‑week low of 0.80 g/t Au and place the company in the upper echelon of junior gold producers in Canada. With a current market cap of CAD 612.8 million, Amex stands as a prime beneficiary of the 2026 TSX Venture 50 rotation into resource assets, a list that has witnessed a 431 % average return for the sector. The surge underscores investor confidence in Canadian mining equities as resource security becomes a strategic priority worldwide.

Technical Implications

VP Exploration Aaron Stone emphasized that the GCP’s chief aim is to validate and refine the block model for the forthcoming bulk sampling operation. The first hole’s performance demonstrates a potential upward revision of resource grade in the Champagne zone. Once the GCP concludes, Amex will update its model, tightening the design of individual pit cells for the bulk sample. Stone’s remarks signal that higher grades could be uncovered by drilling at tighter intervals, suggesting that the current intercept may be the tip of an iceberg.

The visual core logging of the second and third GCP holes already revealed visible gold grains, with further results pending. If those intercepts confirm the trend, Amex could see a significant uplift in its inferred resources, providing a stronger foundation for the bulk sampling and subsequent production planning.

Market Context

The 2026 TSX Venture 50 announcement, published by Newsfile on February 18, highlights a historic year for junior mining. Global capital inflows of over $1.5 billion and a 431 % sector return reflect a robust appetite for resource equities. Amex, with its low price‑earnings ratio of –109.56 and a share price of CAD 4.29, has positioned itself to capitalize on this momentum. The company’s focus on gold and base‑metal projects in Quebec aligns with the region’s established mining corridor and favorable regulatory environment.

Conclusion

Amex Exploration’s first Grade Control Program hole delivers a striking 76.51 g/t Au over 6.40 m, a benchmark that not only validates its block model but also signals higher‑grade potential in the Champagne zone. Coupled with the broader sector surge captured in the TSX Venture 50, Amex is poised to accelerate its bulk sampling and, ultimately, its path to production. Investors and analysts will be watching closely as subsequent GCP holes either confirm or challenge this optimistic outlook.