APEX RESOURCES INC. : http://www.apxresources.com/ : QwikReport

News Releases

#Wed Nov 14, 2018
Apex Resources Acquires Ore Hill Gold Property

 November 14, 2018, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) reports that Margaux Resources Ltd. ("Margaux") has transferred the Ore Hill Gold property to Apex. The Ore Hill property is located within an area clause that surrounded the Jersey-Emerald lead-zinc-tungsten property and was therefore transferred to Apex in compliance with the terms of the Jersey Property Agreement which was terminated on October 1, 2018.

The property was one of the highlights for Margaux's work in 2018. At Ore Hill, a gold soil anomaly, 1,500 m long by up to 150 m wide is known from previous exploration work. In 2017 rock samples collected within a 950 m x 150 m area by Margaux, returned high-grade gold values including 119 g/t (or 3.8 oz/ton) and 105 g/t Au (or 3.4 oz/ton). A drill program planned for 2018 could not be completed due to forest fire conditions.

The Ore Hill property is located 5 km east of the Jersey Mine in the southern portion of the Sheep Creek Gold District and covers the historically known Ore Hill, Summit and Bonanza occurrences. There are two known styles of mineralization on the Ore Hill property; narrow high-grade gold (plus silver, lead and zinc) bearing veins occur within limestone; and a gold-bearing crackle zone, up to 10 m wide, associated with a north-northeast-trending fault zone and geological contact. There is limited historical production from the Ore Hill property, as follows: Summit: 1,205 tons averaging 0.72 oz/t Au, 1.01 oz/t Ag, 1.25% Pb, 1.18% Zn and Ore Hill: 2,470 tons averaging 1.15 oz/t Au, 2.19 oz/t Ag, 3.58% Pb, 3.37% Zn (BC Minfile 82FSW054 & 082FSW053) .In order to complete the acquisition of the Ore Hill property Apex must complete remaining outstanding option payments to the original property vendors comprised of $55,000 and 100,000 shares over three years. The property is subject to a 2% net smelter returns royalty ("NSR"). Apex may at any time purchase the NSR for $250,000.

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: mlee@apxresources.com or info@apxresources.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.




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#Thu Oct 4, 2018
Jersey Emerald Property Reverts to Apex Resources

 October 4, 2018, Vancouver, BC - Apex Resources Inc. ("Apex" or the "Company") (TSXV: APX) reports that the Jersey-Emerald lead-zinc-tungsten and gold property has reverted to Apex. Margaux Resources Ltd. ("Margaux") has given official notice to Apex that they are terminating the November 13, 2013 Option Agreement to purchase the Jersey Emerald property. Margaux has agreed to forthwith transfer to Apex, the Property and all of the information and data relating to the Property.

Since entering into the Option Agreement, Margaux has advanced the Jersey-Emerald property with approximately $3.0 million in exploration expenditures. Margaux has successfully expanded the tungsten resource and mapped out additional lead-zinc targets in the Jersey and Wilson Creek areas. Additionally Margaux has defined an untested gold target in the Summit area along the property's eastern border.

While working the Jersey-Emerald property, Margaux assembled a sizeable land package in the surrounding area by staking adjacent land and optioning nearby historic mining properties. Because of an area of interest clause in the Option Agreement, certain other properties acquired by Margaux since 2013 have also reverted to Apex.

Apex is presently exploring its Yukon, Mt. Anderson gold property but remains committed to advancing the exploration and development of the Jersey-Emerald property. Apex geologists will be meeting with Margaux's geologists to arrange for the transfer of the property and property information to Apex. 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: mlee@apxresources.com or info@apxresources.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.

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#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:
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#Tue Aug 14, 2018
Apex Resources Discovers Large Open Ended Ip Anomaly on Its Mount Anderson Property, Yukon

 August 14, 2018, Vancouver, BC - Apex Resources Inc. ("Apex" or the "Company) (TSXV: APX) is pleased to announce that it has received encouraging results from the Phase I Induced Polarization (IP) survey completed on its road accessible Mount Anderson Gold-Silver Property, located 55 kilometres south of Whitehorse in the Yukon Territory. The IP survey has successfully delineated several chargeability and resistivity anomalies over the two kilometre length of the survey area. The largest and strongest anomaly represents a new discovery and remains open.

The IP geophysical survey was carried out by Aurora Geoscience Ltd. of Yellowknife, NWT. The survey was designed to test a two square kilometre area that includes a strong multi-element soil geochemical anomaly and four gold-silver showings named the 47, the Adanac, the Whirlwind Adit and the Ridge Zones. In 2017, rock grab and chip sampling returned anomalous precious and base metal values ranging from trace up to 67.5 g/t gold, 2,058 g/t silver, > 10.0% lead, 9.44% zinc and 9.84% copper between the 47 and Adanac Zones, a distance of 500 metres (see News Release dated October 11, 2017).

The IP survey shows that the Whirlwind Adit Zone comprised of the historic A, B, C and D adits is located at the western end of an elevated IP chargeability response (see attached maps). This chargeability anomaly extends for 800 metres to the east where it intersects a much stronger IP anomaly. The historic 47 Zone is situated over a resistivity low along the southern margin of this chargeability zone. The Ridge Zone is situated along the northern margin of the chargeability zone. The Adanac zone, located 500 metres east of the 47 Zone, is situated over an east-west trending resistivity low in an area where there is no chargeability response.

Over the north-east portion of the IP grid the survey has defined a very strong chargeability anomaly that has been traced over 800 metres in length and is up to 500 metres in width. The highest chargeability values follow an east-west trending resistivity low. This anomaly is located 400 metres north of, and trending parallel to, the Adanac Zone vein system. The strong anomaly is open to the north, northeast and northwest. Mapping shows that the IP anomaly is situated over Triassic aged granodiorite that has been intruded by a diorite dyke. Outcrop is sparse but weathered, limonitic, quartz vein float was found coincident with this chargeability and resistivity anomaly.

These preliminary IP results show chargeable material extends over a strike distance of more than 1.5 kilometres and remains open to the north and east. Chargeability values increase with depth suggesting that surface mineralization has been leached by weathering. These results suggest that better mineralization may be found at depth and along strike from the known showings.

Aurora Geoscience Ltd. has recommended a Phase 2 program to test the geophysical targets with 1,400 metres of diamond drilling in 9 holes. In preparing the targets for follow-up drilling Aurora have mapped the anomalous areas and where possible taken rock chip samples over the best target areas. Assays are expected in about two weeks. The Mt. Anderson property is fully permitted for diamond drill testing.

Mr. Arthur Troup, President and CEO of Apex states: "We are very pleased with the results of this IP survey. These results have exceeded our best expectations. The survey confirms there is strike extension to the Whirlwind Adit Zone and the Adanac Zone. The IP results have also partially defined a large, strong and previously unknown target located northeast of the Adanac Zone. The results support our belief that there is potential for finding a significant gold-silver deposit on the Mt. Anderson property."

The Mount Anderson exploration program is being conducted under the supervision of Ms. Linda Dandy, P.Geo., Director. Linda Dandy, VP Exploration for Apex, has been working with Carl Schulze, P. Geo, of Aurora Geosciences Ltd., in planning the 2018 exploration program. Ms. Dandy is a "Qualified Person" for the purpose of NI 43-101 and has reviewed and approved the contents of this news release.

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:

  1. The Mount Anderson gold-silver property in the Yukon.
  2. The Red Ridge gold-silver property in the Yukon.
  3. The Cloud, Eldorado and Wild properties in BC's Golden Triangle.
  4. The Kena-Daylight gold property in southern BC under option to Prize Mining Corp.
  5. The Jersey-Emerald tungsten-zinc property in southern BC under option to Margaux Resources Ltd

Apex management has a track record of mine discovery that includes the discovery and development of the renowned Hemlo Gold Mine in Ontario and the Mengapur copper-gold-molybdenum porphyry deposit (225Mt @ 0.59% Cu equivalent) in Malaysia now under development by Monument Mining Ltd.

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: 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.

PLEASE SEE MAPS ATTACHED BELOW

File: http://www.apxresources.com/i/pdf/2018-08-14_NR_APX_qHXEsJ5F.pdf
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#Thu Jul 5, 2018
Apex Resources Receives Five Year Exploration Permit For Mt. Anderson Gold-Silver Property, Yukon

 July 5, 2018, Vancouver, BC - Apex Resources Inc. ("Apex" or the "Company) (TSXV: APX) is pleased to announce the receipt of a Class 3, Mining Land Use Permit for its Mount Anderson Gold-Silver Property, located 55 kilometres south of Whitehorse in the Yukon Territory. The permit is valid from June 28, 2018 to June 27, 2023 and is subject to the restrictions and conditions contained in the Yukon Quartz Mining Act and the Quartz Mining Land Use Regulations.

The road accessible, 3100 hectare, Mt. Anderson property is a large intrusive hosted polymetallic gold, silver project located adjacent to the historic, high-grade, Mount Skukum gold mine. In 2017, a mapping and rock chip sampling program completed for Apex by Aurora Geosciences Ltd. of Whitehorse, YT confirmed the presence of significant precious and base metal mineralization on the property.

On June 29, 2018 following receipt of the permit, Carl Schulze, P. Geo, of Aurora Geosciences Ltd. initiated Apex's 2018 mapping and sampling program on the property. A camp is presently being established and Induced Polarization (IP) geophysical surveys will commence on July 10th.

Mr. Arthur Troup, President and CEO of Apex states: "We are pleased with the timely receipt of this permit. The permit allows Apex to test targets defined by the 2018 mapping and geophysical surveys with diamond drilling and excavator trenching."

The Mount Anderson exploration program is being conducted by Aurora Geosciences Ltd., under the supervision of Ms. Linda Dandy, P.Geo., VP Exploration, and Director. Ms. Dandy is a "Qualified Person" for the purpose of NI 43-101.

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: mlee@apxresources.com or info@apxresources.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.
 

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