News
News Releases
Advance Notice

Request More Info
Join our email list



Show printable version of 'Apex  Resources Expands Gold-Silver Mineralization...' in a New Window
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | Archive

News Releases are added to our web site immediately upon release to the general public. If you would like to receive news releases via e-mail or fax, please fill out our Request More Info form.

 Tue Sep 18, 2018
Apex Resources Expands Gold-Silver Mineralization on its Mount Anderson Property, Yukon

 

September 18, 2018, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce that that it has received positive assay results for rock chip samples from its Mount Anderson Property, Yukon.  The 2018 sample results have gold and silver values of 0.1 to 9.0 g/t gold and 1.4 to 1,034.0 g/t silver within the 2.0 square km Induced Polarization (IP) grid.  Together with sample results obtained in 2017 the results show that elevated gold and silver values are associated with historic mineralized showings and alteration zones that occur along anomalous geophysical zones characterized by resistivity lows.

The mapping and rock chip sampling program was completed in August by Aurora Geosciences Ltd. of Whitehorse, YT to prepare the property for trenching and diamond drill testing.  The mapping program focused on the previously reported IP geophysical grid where several large open ended chargeability and resistivity anomalies occur across the two kilometre length of the survey area (Aug 14, 2018 news release). During the mapping program rock chip samples were taken from areas of sub outcrop, float and colluvium in the geophysical target areas.

While following the geophysical trends the 2018 program discovered mineralized boulders up to 500 metres northwest of the Whirlwind zone and extended the Adanac zone 200 metres east to the eastern end of the geophysical grid.  The following table gives the highlights of the rock sampling program from all samples taken over the IP geophysical survey area in 2017-18:

Showing Location Sample No. Width Gold
g/t
Silver
g/t
Lead
%
Geophysical
Response
491575E  6674081N 611528* Grab 1.2 138.0 3.06 Resistivity Low
492020 E  6674036N 611851* Float 1.6 1,102.0 10.54 Resistivity Low
492057 E  6674024N 611852* Float 4.1 795.0 4.92 Resistivity Low
492065 E  6674026N 611853* Float 2.4 1,948.0 14.27 Resistivity Low
491823E  6674083N 611860* 0.12m 11.2 45.8 1.10 Resistivity Low
491927E  6674043N 611862* 0.08m 26.0 724.0 16.39 Resistivity Low
491927E  6674066N 611864* Float 5.3 1,803.0 14.27 Resistivity Low
491597E  6674039N 611897* Float 6.4 31.0 0.20 Resistivity Low
491594E  6674042N 611898* Float 1.7 173.0 3.63 Resistivity Low
490740E  6674317N 618303 2.1 m 0.2 93.2 1.83 Resistivity Low
490738E  6674317N 618304 Rubble 0.3 1,034 22.16 Resistivity Low
490765E  6674404N 618305 Rubble 1.9 209 1.18

 Resistivity Low

490767E  6674405N 618306 Rubble 0.3 470 1.08 Resistivity Low
490592E  6674645N 618307 Float 0.6 189 0.47 Resistivity Low
490593E  6674646N 618308 Float 3.1 38.3 0.46 Resistivity Low
490594E  6674678N 618309 Grab 0.4 17.3 0.09 Resistivity Low
490611E  6674671N 618310 Grab 0.7 174 0.11 Resistivity Low
491269E  6674418N 618311 Grab 0.6 34.8 0.361 Resistivity Low
491570E  6674080N 950457* Grab 22.5 925.0 >10.0 Resistivity Low
491595E  6674090N 950458* Float 67.5 2,058.0 >10.0 Resistivity Low
491335E  6674270N 950459* Float 1.4 100.0 0.1 Resistivity Low
492093E  6674049N 1464268 Grab 0.6 5.5 0.05 Resistivity Low
492295E  6674008N 1464269 Grab 9.0 9.1 0.06 Resistivity Low

* previously reported 2017 sample.

Results of the present program continue to confirm the historical showings and show a strong association with geophysical areas of low resistivity. Phase 2, excavator trenching followed by diamond drilling will test the geophysical targets and mineralized zones identified by the IP survey and rock sampling programs. Aurora Geoscience Ltd. has recommended an initial program to test the geophysical and geochemical targets with 1,400 metres of diamond drilling in 9 holes. The property is fully permitted for diamond drill testing.

Ms. Linda Dandy, P.Geo., Director and VP Exploration for Apex, is working with Carl Schulze, P.Geo., of Aurora Geosciences Ltd., in planning and coordinating the Mt. Anderson exploration programs. Ms. Dandy is a "Qualified Person" for the purpose of NI 43-101 and has reviewed and approved the contents of this news release.

For further information on Apex'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: or

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


View News Release in PDF Format:
File: http://www.apxresources.com/i/pdf/2018-09-18-nr-apx-9e7y29.pdf
 426 KB, approx. 1 minute, 20 seconds at 56.6Kbps
 
 

You can view the Next News Releases item: Thu Oct 4, 2018, Jersey Emerald Property Reverts to Apex Resources

You can view the Previous News Releases item: Tue Aug 14, 2018, Apex Resources Discovers Large Open Ended Ip Anomaly on Its Mount Anderson Property, Yukon

You can return to the main News Releases page, or press the Back button on your browser.

Suite 2000 - 1066 West Hastings Street, Vancouver, British Columbia, Canada V6E 3X2   •  Tel 604-628-0519   •  Fax 604-628-0446