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

News Releases

#Tue Jul 9, 2019
Apex Resources Issues Shares to Consultants

 July 9, 2019, Vancouver, BC - Apex Resources Inc. ("Apex" ) (TSXV: APX) is pleased to report that it has issued 100,000 common shares as the first payment to T.A. Hill Consulting Corp ("TA Hill") in accordance with a Consulting Agreement between Apex and TA Hill whereby TA Hill is to assist in procuring and engaging a Joint Venture partner for its Jersey Emerald Property located in southeastern British Columbia. Apex has also issued 50,000 common shares to Mr. Dallas Davis for geochemical, geological and metallurgical data on its Mount Anderson Property in the Yukon Territories. (Please refer to Apex news release of June 21, 2019.) The shares were issued at a deemed price of $0.05 per share. Both of these shares issuances have been approved by the TSX Venture Exchange.

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.
  6. The Ore Hill gold property in southern BC.
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: 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.
 
#Fri Jun 28, 2019
Apex Resources and Prize Mining Corp. Amend Option Agreement on the Kena Gold Project in Southeastern B.C.

 

Vancouver, BC -- June 28, 2019: Apex Resources Inc. (TSX-V: APX) ("Apex") announces that it has entered into an agreement (the "Amending Agreement") with Prize Mining Corp. (TSX-V: PRZ) to amend the option agreement dated September 23, 2016, (the "Option Agreement"), granting Prize Mining Corp. and option to acquire 80% of the Kena Gold Property in southeastern B.C.

Pursuant to the Amending Agreement, Prize Mining Corp. will make the final $250,000 cash payment due October 3, 2019 by September 3, 2019 and a 375,000 share payment due October 3, 2019 will be made prior to July 31, 2019.  Property exploration expenditures of $1,000,000 due October 3, 2019 will be extended to October 3, 2021 and exploration expenditures of $1,500,000 due October 3, 2020 will be extended to October 3, 2022. All other terms of the Option Agreement remain unchanged.

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 1.9 million ounce Kena-Daylight gold property in southern BC under option to Prize Mining Corp (1994854 Alberta Ltd.).
  2. The historic Jersey-Emerald tungsten-zinc mine in southern BC.
  3. The historic Ore Hill gold-silver property in southern BC.
  4. The Mount Anderson gold-silver property in the Yukon.
  5. The Red Ridge gold-silver property in the Yukon.
  6. The Cloud, Eldorado and Wild properties in BC's Golden Triangle.

Apex management has a track record of mine discovery that includes the discovery and development of the renowned Hemlo Gold Mine in Ontario. 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.

 
#Fri Jun 21, 2019
Apex Resources Retains Consultants on its Jersey Emerald and Mt. Anderson Projects

 June 21, 2019, Vancouver, BC - Apex Resources Inc. ("Apex" ) (TSXV: APX) is pleased to report that it has retained the services of T.A. Hill Consulting Corp ("T.A. Hill") to assist in procuring and engaging a Joint Venture partner for its Jersey Emerald Property located in southeastern British Columbia. Apex and T.A. Hill has entered into both a Shares for Service Agreement and Finder's Fee Agreement. In the Shares for Service Agreement, Apex has agreed to compensate T.A. Hill Consulting up to 250,000 common shares of Apex's shares including an initial payment of 100,000 shares at a deemed price of $0.05 per shares for services rendered thus far. Remaining 150,000 shares payment will be issued upon completion of milestones at a deemed price of shares to be determined after services have been rendered. Upon the successful completion of a Joint Venture (JV) Agreement, Apex will further compensate T.A. Consulting a finder's fee of up to 10% of the Option Payment Value of the JV Agreement, comprised of a schedule of cash and share payments issued at a deemed price to be determined at the time of payment. Both Shares for Service and Finder's Fee Agreement are subject to TSX Exchange Approval.

T.A. Hill Consulting Corp. is based in Trail, B.C. and has extensive experience with mining activities in the Kootenay region of B.C.

Apex has also entered into a Shares for Service Agreement with Dallas Davis for the compilation and acquisition of digital data of Soil and Rock Samples as well as MMI Results on Apex's Mt. Anderson Property located in the Yukon Territories. In the Agreement, Apex has agreed to compensate Mr. Davis by issuing 50,000 common shares of Apex stock at a deemed price of $0.05 per share. The Agreement is subject to TSX Exchange Approval.

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.
6. The Ore Hill gold property in southern BC.

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: 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.
 
#Mon Mar 25, 2019
Apex Resources Expand Ore Hill Gold Targets

 March 25, 2019, Vancouver, BC - Apex Resources Inc. ("Apex" ) (TSXV: APX) is pleased to report that ongoing data compilation of its Ore Hill gold property has defined a large airborne magnetic anomaly located along the eastern margin of a recently identified, 10 metre wide, gold bearing shear zone (refer to News Release of March 18, 2019). The geophysical target is 2.5 km in length and extends to the north and south of the known limits of the mineralized shear thereby expanding the area of interest (see map below).

The magnetic anomaly was discovered by a Heliogeotem survey that was flown over Apex's adjacent Jersey Pb-Zn property by Fugro in 2009. The survey lines extended over the area of the present Ore Hill claims. The geophysical survey results show two, linear, north-south trending magnetic bodies on the Ore Hill property. The western magnetic anomaly closely parallels gold-bearing structures that have returned significant assays from rock sampling, suggesting a relationship between the magnetic highs and gold mineralization. The eastern magnetic anomaly runs parallel to the western anomaly but extends for 4.0 km across the property. No recent soil sampling or prospecting has been completed over this second geophysical target. Historic veins belonging to the former Queen mine are located at the north end of this second magnetic feature suggesting it too may be associated with gold mineralization.

Apex geologists have recommended a two-phase work program for 2019 that will focus on the recently identified shear hosted mineralization and the associated geophysical targets. Phase One will involve detailed geological mapping and sampling to locate the historic workings and confirm the assays reported in 2017-18. Soil sampling and a magnetometer geophysical survey will be carried out over the Heliogeotem targets to help define targets for phase two. Phase Two will involve mechanized trenching, and 1,000 metres of diamond drilling at five drill sites.

The Ore Hill property is located 5 km east of the Jersey Mine in the southern portion of the Sheep Creek Gold District, British Columbia's third largest Orogenic gold district. The property covers the historical Ore Hill, Summit and Bonanza workings (refer to News Release of March 18, 2019 and Nov 14, 2018).

The contents of this news release have been reviewed and approved by Apex's consulting geologist, Perry Grunenberg, P.Geo. Perry Grunenberg 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.

File: http://www.apxresources.com/i/pdf/March-25-2019-NRi.pdf
 458 KB, approx. 1 minute, 26 seconds at 56.6Kbps
 
#Mon Mar 18, 2019
Apex Resources Confirms High Grade Gold Assays at Ore Hill

 March 18, 2018, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce that its data compilation for the Ore Hill Property has confirmed the reported 1,500 metres long by up to 150 metres wide gold soil anomaly reported from previous exploration work. Numerous grab samples returned high-grade gold assays, including 119.0 g/t and 105.0 g/t, demonstrating widespread mineralization on the property. The Ore Hill property is located 15 km east of the community of Salmo in southeastern British Columbia.

Apex has now reviewed historic assessment reports and compiled the recent database and laboratory assay sheets for the Ore Hill project. The database indicates that in total 90 rock samples were taken for assay during the three-year period from 2016 to 2018. The previous operator, Margaux Resources Inc., obtained assays for 88 rock samples in their 2017-2018 exploration programs. Assays were also obtained for two rock samples taken by the property vendor in 2016. The rock sampling database indicates that 35 of the 90 rock samples returned gold values of 1.0 gram per tonne (g/t) or better. Samples also contained significant silver values, along with some samples containing significant lead and zinc concentrations.

The following table and figure summarize the 35 samples that assayed greater than 1.0 g/t Au.

Table of Ore Hill Rock Sample Results

Thirty-three samples reported in this release were obtained by Margaux Resources Ltd and were primarily grab samples collected from outcrop or from the dumps of historic workings. Grab samples are designed to show the presence or absence of mineralization and to characterize mineralization. They are not intended to provide a representative indication of average grade of mineralization.

Map showing Ore Hill rock sample locations, with gold values posted


The results show that many of the high-grade samples occur along a gold-bearing crackle zone, up to 10 m wide, associated with a north-northeast-trending fault zone. The fault marks the contact between a quartzite formation and a limestone formation both of Lower Cambrian age. Near the north end of the sample area several parallel trends are observed suggesting there may be multiple shear zones on the property. This style of mineralization is distinctly different from the narrow high-grade gold veins that were worked historically. Historical production from the Ore Hill property is 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).

The Ore Hill property overlies the south end of the Sheep Creek Gold District ("SCGD"). The district has historical gold production of 785,000 ounces at an average grade of 14.4 g/t gold from multiple high-grade orogenic gold veins. The SCGD is the third largest past-producing orogenic gold district in British Columbia. There are seven major historic gold districts within the Cordillera Region. They include the Motherlode District in California, the Bralorne, Cariboo, and SCGD in British Columbia, the Klondike/White Gold District of the Yukon, and the Juneau and Nome Districts in Alaska. Gold mineralization related to the Cordilleran orogeny has potential for both high-grade veins and bulk tonnage deposition.

In the historic SCGD, mining was directed at high-grade gold-bearing veins. The bulk tonnage potential was not previously investigated. Apex has applied for a 5-year area-based exploration permit including trenching and diamond drilling on the Ore Hill property.

The contents of this news release have been reviewed and approved by Apex's consulting geologist, Perry Grunenberg, P.Geo. Perry Grunenberg 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.


View News Release in PDF format:
File: http://www.apxresources.com/i/pdf/2019-03-18_NR.pdf
 744 KB, approx. 2 minutes, 20 seconds at 56.6Kbps
 

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