One of my favourite picks over the past couple years has been Amex Exploration. I started coverage in December 2018, after the early holes into their new discovery. Back then they were trading around 50 cents, since then they have continued to deliver exceptional drill results into their high-grade gold discovery in Quebec and the stock is currently $3.48.
Today they put out a news release, on their recent drilling with highlight holes including 32.41 g/t gold over 15.60 metres and another hole had 11.71 g/t gold over 8.10 metres. They just keep hitting that sweet high-grade gold. The m`ore drilling they do, the bigger and better their high-grade is hanging together. It is the continuity of their high-grade gold that sets them apart from their peers.
Even with the current valuation around $250 million, it is still cheap. They are in Quebec, one of the most mining-friendly jurisdictions in the world, road access and even cell phone coverage to the property. Must own for people that love high-grade gold exploration stories.
The VP of Exploration for Amex Exploration is also on the board of my website sponsor QcX Gold. They had news out updating on their exploration efforts at their project right beside Azimut Explorations discovery. Azimut is one of Rocks and Stocks News Index companies and QcX has well situated ground beside the Azimut ground. They are doing the preliminary work to get ready for drilling. Stay tuned.
Falcon Gold has hit my radar screen a few times of late, including today when they put out this news release. They provided an update on their epithermal vein project in British Columbia. These kind of veins are where a good percentage of gold and silver production are mined from. I will definitely be watching for when they start drilling this project. Solid trend on the stock chart that suggests it has some blue sky ahead.
QMX Gold blasted off today, up 75% after announcing excellent drill results. Highlight intersection was high-grade of 35.56 g/t gold over 4 metres. The market really loves high-grade gold discoveries and they got rewarded with a spike in their stock price. They currently have 380 million shares out, that is heavily diluted and have a $123 million valuation which makes it not cheap. I would not buy a stock with this much dilution after a big spike, much better to wait for it to cool off and after it dips buy it for a trade.
There you have it, another edition of news that caught my eye.