AMEX Exploration (TSXV:AMX)- Resource Boost Sets Stage for Near-Term Production. New PEA Imminent

**AMEX Exploration (TSXV:AMX) Sparks Momentum with Significant Resource Upgrade and Near-Term Production Plans**

In a recent interview with Crux Investor, Victor Cantore, President and CEO of AMEX Exploration Inc. (TSXV:AMX), provided an in-depth update on the company's impressive progress toward becoming a gold producer in Quebec’s prolific Abitibi Greenstone Belt. The company’s latest mineral resource estimate marks a pivotal milestone, highlighting both a substantial resource expansion and a strategic shift toward cash flow generation.

### Transformational Resource Growth

AMEX’s flagship project, the Champagne Zone, has experienced a dramatic increase in its mineral resource profile. The updated estimate now reports **1.615 million ounces of gold** in the measured and indicated categories, grading at an impressive **6.14 grams per tonne (g/t)**—a remarkable 172% increase over the 2024 resource estimate. This significant growth underscores the potential for a high-grade, economically viable operation and positions the company favorably within the competitive landscape of Quebec gold explorers.

Notably, the Champagne Zone’s core zones boast **831,000 ounces at an extraordinary 16.20 g/t**, complemented by an inferred resource of **128,000 ounces at 9.83 g/t**. These grades are particularly attractive for underground mining, where high-grade ore can support efficient, profitable extraction. The concentration of such high-grade mineralization forms a strong foundation for AMEX’s strategy to transition rapidly from exploration to production.

### Strategic Shift Toward Near-Term Production

CEO Victor Cantore emphasized a clear focus on achieving near-term cash flow. Rather than pursuing a traditional, lengthy development process, AMEX is adopting an aggressive, phased approach. The company plans to release an updated preliminary economic assessment (PEA) within approximately 60 days, followed by a feasibility study centered on toll milling—an innovative strategy that leverages existing processing capacity across the region.

Toll milling involves transporting ore to nearby processing facilities rather than building a standalone mill, significantly reducing capital expenditure and permitting timelines. This approach allows AMEX to accelerate its path to production, with an estimated timeline of roughly two years. Such a strategy is designed to generate early cash flows, which can then fund further exploration and development activities.

This operational model aligns with Cantore’s vision of an *anti-dilutive growth* strategy—prioritizing cash flow from initial mining operations to support continued growth without the need for repeated equity raises that dilute existing shareholders.

### Regional Advantages and Infrastructure

Located near the historic mining town of Normétal, the Champagne Zone benefits from existing infrastructure, including established transportation routes, skilled labor, and multiple toll milling options. These regional advantages significantly streamline development timelines and reduce logistical challenges often associated with remote mining projects.

Furthermore, the underground mining approach minimizes surface disturbance and environmental footprint, aligning with modern permitting standards and community expectations. This strategy not only expedites project approval but also positions AMEX as a responsible operator committed to sustainable practices.

### Strategic Partnerships and Validation

A notable endorsement of AMEX’s potential comes from Eldorado Gold, which holds a 9.9% stake in the company. Eldorado’s technical expertise, gained from its high-grade Lamaque operation nearby, provides strategic validation for AMEX’s exploration and development plans. The partnership offers technical guidance while allowing AMEX to maintain operational independence and agility.

### Outlook and Industry Context

With a total resource base of **2.313 million ounces** and high-grade mineralization conducive to toll milling, AMEX exemplifies a modern, capital-efficient approach to gold development. The company’s focus on high-grade deposits and regional infrastructure advantages positions it well to capitalize on Quebec’s status as one of the world’s premier gold-producing regions.

As the company advances its next phase of economic assessments and feasibility studies, investors and industry observers will be watching closely. If successful, AMEX’s strategy could serve as a blueprint for other junior explorers aiming to transition swiftly from resource definition to cash-flow-generating operations.

### Conclusion

AMEX Exploration’s recent resource upgrade and strategic pivot towards near-term production mark an exciting chapter in its development. By leveraging its high-grade resources, regional infrastructure, and innovative toll milling strategy, the company aims to deliver sustainable growth and value for shareholders. As the company moves forward with its prefeasibility and feasibility studies, its progress could significantly influence the landscape of Quebec’s gold exploration and development scene.

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**For more information, visit AMEX Exploration’s profile on Crux Investor:** [Link](https://www.cruxinvestor.com/companies/amex-exploration)