Amex Exploration Inc (OTCMKTS:AMXEF) was in the news yesterday after the company announced the results from a number of drill holes. The drill holes are meant for expansion as well as definition drilling of High Grade Zone.
It goes without saying that the announcement from the company was a positive one but that did not do much for the stock. The Amex Exploration stock actually traded within a range on Tuesday and it now remains to be seen if the stock makes a move through the course of the week or not.
In this context, it should be noted that the results announced by the company yesterday is only one of the steps as Amex Exploration advances towards its maiden resource with regards to the Perron Project. The Executive Chairman of the company Jacques Trottier spoke about the results as well.
He stated that there are multiple reasons why he was excited about the latest data from the multiple drill holes. He went on to add that the High Grade Zone is fast becoming one of the more richer single gold zones in the Canadian Archean. Investors could do well to keep the Amex stock in their watch lists at this point.