|Thu Oct 5, 2017|
Apex Resources Announces Commencement of Baseline Environmental Studies at Kena
October 5, 2017, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to report that its Joint Venture partner, Prize Mining Corporation ("Prize" or the "Company") (TSXV:PRZ), has commenced an environmental baseline and monitoring program on its Kena-Daylight Gold Properties and Prizes adjacent Toughnut property, located near Nelson in southeastern British Columbia
Feisal Somji, president and chief executive officer of Prize Mining, commented: “Having good baseline environmental data and continued water quality monitoring is a key requirement to move our project through exploration and development. With this goal in mind as well as the importance to Prize of maintaining a positive social license, the Company has initiated this sampling program. Prize is currently nearing completion of the expanded Phase I exploration program of detailed target definition (see News Release dated September 12, 2017). The company is fully financed and moving towards a fall discovery focused drill program.”
Masse Environmental Consultants Ltd. (“Masse”), based in Nelson, assisted in designing the baseline water quality sampling program at 16 creek sampling locations (view attached map) to monitor the upper catchment of two local watersheds. Terralogic Exploration Inc. and Prize’s employees were trained by Masse to perform the sampling at all 16 sites for the past 3 months. The water sampling program is designed to record baseline chemical and sediment loads of high and low flow conditions over a one year period, and to monitor changes (if any) related to human activity in the area. Masse will help interpret the data and the results will be imperative for permitting an aggressive bulk sampling program for 2018.
Jarrod Brown, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical information in this news release.
About Apex Resources Inc.:
Apex management has a track record of mine discovery that includes the discovery and development of the renowned Hemlo Gold Mine in Ontario.
Arthur G. Troup, P.Eng., Geological
This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expects are forward-looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Apex, investors should review Apex's filings that are available at www.sedar.com or Apex's website at www.apxresources.com.
You can view the Next News Releases item: Wed Oct 11, 2017, Apex Resources Receives 67.0 g/t Gold and 2,058.0 g/t Silver Assays from Initial Exploration at Mount Anderson Property, Yukon
You can view the Previous News Releases item: Thu Sep 21, 2017, Apex Resources Confirms Gold-Silver Mineralization on its Red Ridge Property with Assays to 22.3 g/t Gold and 2,190 g/t Silver; Expands Claim Holdings
You can return to the main News Releases page, or press the Back button on your browser.