WELCOME TO APEX RESOURCES INC.
Apex Resources Inc. is a Canadian gold exploration and development company focused on British Columbia, Canada. Apex's business strategy is to acquire quality, under explored, precious metal properties with undiscovered resource potential in established mining camps. The company then advances the projects until they can be joint ventured or sold with a retained NSR royalty to Apex.
Apex has a portfolio of quality properties including:
- The Jersey-Emerald tungsten-zinc property under option to Margaux Resources Ltd.
- The Kena-Daylight gold properties under option to Acquireco.
- The Mount Anderson gold-silver property in the Yukon Territory.
- The Red Ridge gold-silver-copper property in the Yukon Territory.
- The Eldorado, Cloud and Wild precious metal properties in BC's Golden Triangle.
In 2017, the Company will focus its efforts on the advancement of its Mount Anderson and Red Ridge property in the Yukon and its three Golden Triangle gold properties.
The Mount Anderson Property
, located 55 kilometres south of Whitehorse, Yukon, is road accessible year round and consists of 163 quartz claims covering approximately 31 square kilometres. The claims lie along the Wheaton River Valley and are contiguous with New Pacific Metals Corp.'s Mount Skukum Property. In 1981, Agip Canada discovered a gold ore body at Mount Skukum, which subsequently produced 80,000 ounces of gold from 220,000 tons of ore between 1986 and 1988. Currently, New Pacific Metals Corp. has an indicated resource of 1,416,500 tonnes grading 8.59 g/t gold equivalent in the Skukum Creek and Goddell Gully deposits (New Pacific Metals website).
Sporadic exploration has been conducted on the previously fragmented Mount Anderson property dating back as far as 1906. Of significance, in 1947 United Keno Hill shipped a test sample to Trail from the property which returned 34.3 g/t Au, 432 g/t Ag, 11.6% Pb, 5.2% Zn. In 2011, previous property operator Gold World Resources Inc. collected composite samples from a portion of the original bulk sample remaining on site and confirmed the historic values with results of 30.5 g/t Au, 532 g/t Ag, 9.1% Pb, 6.5% Zn and 0.5% Cu. Sampling of the nearby trenches from which the sample was collected returned 29.0 g/t Au, 417.2 g/t Ag, 20% Pb and 6% Zn (Technical Report for Gold World Resources Inc. by H. Lahti, 2012).
Gold World also completed an MMI soil survey consisting of some 4,600 samples, covering approximately 60% of the claim block. Several strong soil anomalies were identified which require follow up ground prospecting, mapping, trenching and/or drilling. In 2012, Gold World was unable to maintain the option on the Mount Anderson Property and it reverted to the vendors. Apex's initial exploration phase for Mt. Anderson will consist of locating, mapping, surveying and due diligence rock/soil sampling the key target areas.
The Red Ridge property
is located in the southwestern Yukon Territory approximately 40 kilometers south of Whitehorse. The road accessible property covers part of a gossanous ridge known as Red Ridge just 23 kilometers from the former Mt. Skukum, gold mine. In 1985 several gold/silver veins were discovered on Red Ridge by Havilah Gold Mines and New Era Developments. The property later came open and the present claims were staked in 2004 and 2005 by prospector Larry Bratvold to cover the known mineral occurrences and to investigate their bulk tonnage potential.
Exploration consisting of prospecting, soil and rock geochemistry, mechanical trenching and reconnaissance drilling has since been carried out. This work has discovered numerous mineralized showings within an area measuring 2.0 km in length by 500 metres in width. Five principal showing, the East Zone, the Don Zone, the Vance Zone the Saddle Zone and the Miller Zone occur within this prospective area. Historic assays from grab and chip samples taken from veins within these showings have returned grades of up to 10.8 g/t gold and 1,519 g/t silver across 0.5 metres from the Don Zone, 28.9 g/t gold and 31.51 g/t silver over 0.4 metres on the Saddle zone and 3.11 g/t gold and 309.1 g/t silver over 0.76 metres on the Miller Zone.
The current exploration program at Red Ridge is aimed at confirming historic sample results and evaluating the extent of the mineralization on the East, Don, Saddle, Miller, and Vance showings.
Apex's three Golden Triangle
properties encompassing an area of 7,861.9 hectares in BC's famous Golden Triangle area, north of Stewart. The Golden Triangle is host to several high-grade past-producing mines including the Premier, Eskay Creek and Snip deposits. Several large new deposits are approaching potential development including Seabridge Gold Inc.'s 38.2 million ounce KSM Gold Project and the 7.5 million ounce Valley of the Kings gold deposit of Pretium Resources Inc.
Apex's three properties include the eastern Eldorado Property, the central Cloud Property and the western Wild Property. Government aeromagnetic coverage and regional geochemical surveys show several areas of interest on the properties and initial property work has determined that all three have interesting gossanous zones. Apex is currently sampling and exploring the properties with helicopter assisted prospecting, reconnaissance mapping and geochemical surveys under the supervision of Ms. Linda Dandy, P.Geo., and Director. Ms. Dandy has considerable experience in the Golden Triangle area and is Apex's project supervisor and "Qualified Person" for the purpose of NI 43-101.
Apex's business strategy is to acquire quality, under explored, precious metal properties with undiscovered resource potential in established mining camps. The company then advances the projects until they can be joint ventured or sold with a retained NSR royalty to Apex.
In addition to its Red Ridge and Golden Triangle Projects, Apex is involved with two additional projects in BC: The Kena-Daylight Gold Project and the Jersey-Emerald Tungsten-Zinc project recently sold to Margaux Resources Ltd. with a retained 1.5% NSR to Apex.
Please Read our Cautionary Notes to Investors HERE