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

News Releases

#Wed Sep 4, 2019
Apex Resources Commences Exploration at its Ore Hill Gold Project

 

September 4, 2019, Vancouver, BC Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce that an exploration program is now underway on its Ore Hill Gold Property in southeastern British Columbia. A 600 metre, Phase 1, diamond drill program is currently being carried out in order to investigate an important new style of gold mineralization along a 1,500 metre long soil anomaly.

The 2,000 hectare Ore Hill Property lies at the southern end of the historic Sheep Creek gold camp and along the eastern margin of the Jersey-Emerald lead, zinc and tungsten property. The property covers the former Ore Hill, Summit and Bonanza mines.

Historical mining on the Ore Hill property focused on narrow high grade, quartz veins. Production was 3,335 tonnes averaging 34.7 g/t gold and 60.7 g/t silver (BC Minfile Reports 82FSW054 & 082FSW053). Recent exploration shows gold mineralization also occurs within a breccia zone, up to 10 metres wide, adjacent to a north trending fault. A large, strong gold soil anomaly traces the fault for over 1,500 metres across the Summit and Ore Hill claims.

Limited drilling tested the breccia area in the late 1980s and early 1990s. Highlights of the drilling include the following intercepts:

  • DDH 90-01                           3.05m @ 8.09 g/t gold
  • DDH 90-01                           6.10m @ 2.91 g/t gold
  • DDH 90-01                           0.33m @ 33.31 g/t gold
  • DDH 88-01                           1.52m @ 4.42 g/t gold
  • DDH 88-02                           0.46m @ 11.04 g/t gold

Rock chip sampling completed in 2017 and 2018 returned a number of high grade gold assays, including 119 g/t and 105 g/t Au over a 950 m by 150 m area along the trace of the breccia zone. The results suggest that this recently identified new style of mineralization may represent an extensive mineralizing system with significant size and strength.

The present Phase 1 drill program will investigate the strike, dip and continuity of the mineralized breccia zone in preparation for Phase 2 drill testing.

Readers are cautioned that the grades and production figures quoted in this release are historical in nature and are based upon a variety of pre-NI 43-101 Standards for Disclosure sources, none of which can be verified at this time. The relationship between true widths and reported core length intervals is unknown at this time.

The Company has contracted Wade Critchlow Enterprises Ltd. of Salmo, BC to complete the planned drill program. The program is planned and supervised 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: 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.

 
#Mon Aug 19, 2019
Apex Resources Announces Drill Hole Data Review of its Ore Hill Gold Project

 August 19, 2019, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to report results of a compilation of historic drill hole data from the Ore Hill Gold Project in southeastern British Columbia. This review suggests that the Ore Hill Property has potential for discovery of an important new style of gold mineralization within a conformable breccia zone that has been traced for 1,500 metres across the property. The study also suggests there may be potential for new reserves in the veins below the historic workings. Highlights of the study include the following historic drill intercepts:
  • DDH 90-01                       3.05m @ 8.09 g/t gold
  • DDH 90-01                       6.10m @ 2.91g/t gold
  • DDH 90-01                       0.33m @ 33.31g/t gold
  • DDH 88-01                       1.52m @ 4.42 g/t gold
  • DDH 88-02                       0.46m @ 11.04 g/t gold
  • DDH 89-04                       0.92m @ 5.59 g/t gold
The 2,000 hectare Ore Hill property encompasses two historic gold mines, the Ore Hill Mine and the adjacent Summit Mine. The properties were initially staked in 1901. Production was sporadic but between 1906 and 1940, a total of 3,335 tonnes of ore were mined at a grade 34.7 g/t gold, 60.7 g/t silver, 2.82% lead and 2.66% zinc (BC Minfile 82FSW054 & 082FSW053).

In 1988 and 1989 Baloil Lassiter Petroleum optioned the Summit Mine and explored the historic workings with 10 short diamond drill holes. Four of the holes; 88-1, 2, 4 & 9 intersected significant gold grades within a conformable, dolomitized, breccia zone that is up to 10 metres wide. The breccia zone trends at an oblique angle of 35o to the historic veins but follows a gold soil and rock chip anomaly that has been traced for 1,500 metres across the property, (see news release of Nov 14, 2018 and Mar 18, 2019). Gold assays for the four holes are tabled below:

Summit Mine Drilling 1988-89
Hole_ID UTM E UTM N Sample Length_m Gold_g/t
88-1 489321 5440952 0.30 7.20
88-1 489321 5440952 1.52 4.42
88-2 489284 5440990 0.46 11.04
88-2 489284 5440990 0.30 8.64
89-4 489327 5440998 0.92 5.59
89-9 489353 5441020 0.30 2.47
89-9 489353 5441020 0.32 2.19

(Assays are taken from 1990 Summit-Ore Hill property report by D.L. Cooke and Associates.)

In 1990 Yellowjack Resources tested the soil anomaly on the Ore Hill property 150 metres north of the Summit Mine workings, with a 298 metre long diamond drill hole (DDH90-1). The hole successfully intersected 5 gold bearing zones across 215 metres of core from 45.7 metres to 260.3 metres. All five intersections occur below the depth of the lowest level of mining in the Summit Mine. Gold assays and intersection widths for hole DDH90-1 are as follows:

Ore Hill Drill Hole 90-1 UTM 489400E 5441150N
Hole_ID From_m To_m Sample Length_m Gold_g/t
OH90-1 45.72 48.77 3.05 0.72
  67.05 70.10 3.05 8.09
  210.3 216.40 6.10 2.91
Including 210.3 212.1 1.90 8.49
and 211.8 212.1 0.30 33.31
  235.6 236.2 0.60 12.74
  257.6 260.3 2.70 4.39

(Assays are taken from 1990 Ore Hill drill hole log by D.L. Cooke and Associates.)

In 1991 Yellowjack Resources drilled 8 holes near the Ore Hill mine workings 400 metres north of the Summit Mine. The holes tested a parallel horizon 100 metres east of the favorable breccia zone and the associated gold soil anomaly. No precious metal values were intersected but three holes intersected high grade lead and zinc mineralization in a conformable massive sulphide body. The Yellowjack drill results are as follows:

Ore Hill 1991 Drill Holes Intersections
Hole_ID UTM E UTM N Sample Length_m Lead % Zinc %
OH91-1 489517 5441270 1.5 5.36 10.03
OH91-2 489518 5441269 0.60 6.38 4.70
OH91-4 489534 5441320 1.0 11.50 11.55

(Assays are taken from 1991 Ore Hill drill hole logs by D.L. Cooke and Associates.)

When gold prices plummeted in 1992 work on the Ore Hill and Summit Properties was suspended. No additional property work was done until the recent mapping and geochemical work commenced in 2017 (see news releases of Nov 14, 2018, Mar 18, 2019, and Mar 25, 2019).

This review indicates that the Ore Hill property has potential for discovery of an important new style of gold mineralization within a conformable breccia zone as well as new reserves in the veins below the historic workings. The historical information also suggests the property has potential for stratiform lead-zinc mineralization similar to the nearby Jersey lead-zinc mine. The Jersey Mine, located 5 km west of Ore Hill, was BC's second largest zinc mine. A program of trenching, diamond drilling, geological mapping, and geochemical sampling is planned for Ore Hill. The property is fully permitted for the planned program.

Readers are cautioned that the grades and production figures quoted in this release are historical in nature and are based upon a variety of pre-NI 43-101 Standards for Disclosure sources, none of which can be verified at this time. The relationship between true widths and reported core length intervals is unknown at this time.

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.
 
#Mon Jul 15, 2019
MMI Results Confirm Gold Showings and Give Strong Copper and Zinc Targets at Mt Anderson Property, Yukon.

 July 15, 2019, Vancouver, BC - Apex Resources Inc. ("Apex" ) (TSXV:APX) is pleased to report that its consultant, Dallas Davis, has provided a number of reports and maps regarding former geochemical, geological and metallurgical studies on its Mount Anderson Gold Property located 55 kilometres south of Whitehorse, Yukon. After pursuing several avenues, Apex has now been able to acquire the digital analytical results for 4,265 MMI geochemical samples collected by a previous operator in 2011. Together with Apex's acquisition of a large package of airborne geophysical data plus recent work (geological, geochemical and induced polarization geophysical surveys) completed by Aurora Geosciences Ltd. on behalf of Apex, strong multi- disciplinary drill target definition is now underway.

The MMI soil results successfully outline the historical gold and silver targets. Surprisingly, the MMI results also show extensive zones of elevated and highly anomalous copper and zinc values on this 3,100 hectare property. Of particular interest are the Fleming and Rob Zones, the EPI Vein Zone and the North Slope of Mt. Anderson. In these four areas, highly anomalous metal values are found well beyond known showings suggesting the areas have potential for important polymetallic mineralization that requires investigation (see attached maps).

Arthur Troup, President of Apex said: "We are extremely excited about this valuable information package that Mr. Davis has provided for our Mt. Anderson property. The reports which represent more than $1.0 million in exploration expenditures show there is potential for polymetallic mineralization well beyond the historic showings that we have been exploring. We are currently reviewing the massive data set which includes valuable geological, geophysical and metallurgical information in addition to the geochemical data discussed in this release.

Apex's recent exploration has focused on historical workings in the vicinity of the gold bearing 47 and Adanac Zones. Geological mapping and rock sampling programs in 2017 and an Induced Polarization (IP) geophysical survey in 2018 were carried out by Apex's consultants, Aurora Geosciences Ltd. of Yellowknife, NWT. The programs successfully confirmed and expanded these historic gold and silver showings. Mapping and sampling programs returned rock chip samples assaying as high as 67.0 g/t Gold and 2,058.0 g/t Silver. The IP survey successfully delineated a large, strong and open ended geophysical target in the Adanac Zone area (see news releases of Oct 11, 2017 and Aug 14, 2018).

Apex is planning a two phase exploration program to commence immediately. Phase 1 will include completion of the data compilation work, followed by ground geological and confirmation geochemical surveys in order to fully define the strongest drill targets. Phase 2, which is contingent upon financing, will consist of approximately 1200 metres of diamond drilling over the top ranked target areas in the 47 and Adanac gold zones, plus also test several of the new multi-element target areas. The property is now fully permitted for diamond drill testing.

The Mount Anderson exploration program is being conducted under the supervision of Ms. Linda Dandy, P.Geo., Director. 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 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.

 
#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.

 

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