Amex Exploration Inc.: Agnico Eagle Mines Made the Second Cash Payment Regarding the Perron Option Agreement Dated June 2013
25 June 2014 - 11:40PM
Marketwired Canada
Amex Exploration Inc. (TSX VENTURE:AMX) ("Amex" or the "Corporation") is pleased
to report that Agnico Eagle Mines Limited (NYSE:AEM)(TSX:AEM), has made the
second cash payment of $100,000 on due time, as outline in the Option Agreement
for the Perron property (see PR2013-06-21). This cash payment was made on June
20 in order to keep the option Agreement in good standing and is to be followed
by subsequent cash payment of $135,000, and $170,000 that are to be respectively
made prior to June 21, 2015, and 2016 in order to respect the Perron Option.
The second year of the Option Agreement is underway with a plan to execute a
7,000 meter drilling campaign in three phases during the year 2014 with a budget
of approximately $1,000,000.
The first phase of the drilling campaign of 2014 is finalised and consisted of 4
drill holes of approximately 350 to 800 meters deep each, totalling 2,112
meters. The results of the first phase are not finalised yet and we expect to
make them available this coming summer.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX
Venture Exchange whose primary objective is to develop and bring into production
viable gold and base metal deposits.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jacques Trottier, PhD
President and Chief Executive Officer
Amex Exploration: 514-866-8209
Pierre Carrier
Chief Operation Officer
Amex Exploration: 514-866-8209
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