|Mon Jan 22, 2018|
Apex Resources Reports Assays to 63.7 g/t Au From Phase 1 Drilling on its Daylight JV Gold Project, BC.
|January 22, 2018, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to report that its Joint Venture partner, Prize Mining Corp ("Prize or the "Company") (TSX-V: PRZ) has released final assay results from its initial drilling program on the Daylight Property located in southeastern, BC.|
Encouraging assay results have been obtained from an 18-hole drill program which tested a number of targets identified from a combination of soil geochemical anomalies, elevated surface rock sample results, geophysical indicators, historical drilling records and surface workings.
Drilling Highlights from the 2017 Program Include:
Daylight Drilling Results
The following table sets out all significant assay results of the drill program.
*Widths indicated in the above table are drill core intercepts. Drill hole alignment was designed to intersect mineralization at near perpendicular orientations; however the core intervals listed in the above table do not represent true widths.
Diamond Drilling and Sampling Procedures:
The Company engaged TerraLogic Exploration Inc. ("TerraLogic") of Cranbrook, B.C. as contractor to carry out the drill program recently completed on each of the Daylight and Toughnut Properties.
All samples were assayed by Bureau Veritas, in Vancouver BC. Analytical packages utilized a strong acid ICP analysis (MA250) and gold fire-assay analysis on a large 50g split (FA450). Gravimetric analysis (FA550) were carried out on any over detection gold assays greater than 10 g/t.
The Company follows a rigorous Quality Assurance/Quality Control program over the chain-of-custody of samples and the insertion of standards, blanks and duplicates into the sample stream submitted to the laboratory for analysis. TerraLogic personnel maintained a rigorous and independent QA/QC program throughout the duration of the core sampling program. Standards were inserted every 20 samples and duplicate samples of suspected high grade intervals were always followed by blanks to ensure smearing effect was not an issue.
Bureau Veritas is wholly independent of Prize Mining and TerraLogic and is accredited under CAN-P-4E (ISO/IEC 17025): General Requirements for the Competence of Testing and Calibration Laboratories ISO/IEC 17025-2005
Jarrod Brown, P.Geo., of TerraLogic, a Qualified Person under NI 43-101, is the Company's nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the Company's properties. Mr. Brown has approved and verified the scientific and technical information in this news release based through his experience with the Daylight Property in general.
About Apex Resources Inc.:
Apex is a Canadian gold exploration and development company focused on British Columbia and the Yukon Territories. Apex has a portfolio of quality properties including:
For further information on the Company's projects, visit www.apxresources.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: firstname.lastname@example.org or email@example.com
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: Thu Feb 1, 2018, Apex Resources Receives NI 43-101 Technical Report Recommending Aggressive 2 Phase Exploration Program for its Mt. Anderson Gold Project, Yukon.
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