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

News Releases

#Thu Feb 13, 2020
Apex Resources Engages Renaissance Geoscience Services Inc. to Undertake Updated Resource Estimates for its Emerald Tungsten and Kena Gold projects

 Apex Resources Inc. (APX - TSX Venture) ("Apex" or the "Company") is pleased to report that it has engaged Leopold J. Lindinger, P.Geo. of Renaissance Geoscience Services Inc. ("Renaissance") to prepare updated resource estimates for the East Emerald tungsten deposit on its Jersey-Emerald Property and for the Kena and Gold Mountain zones on its Kena-Daylight Gold property. Both properties are located in southeastern British Columbia. Leopold Lindinger, has 35+ years of experience in the mining industry including 5 years as an open pit mine geologist and grade control technician, and 3 years of underground gold mining experience. He is a Senior Associate geologist with Watts, Griffis and McOuat Ltd. he has extensive Canadian and International mining and mineral exploration experience.

The Jersey-Emerald property is located 45 km south of the town of Nelson in southeastern BC. The property is host to the former Emerald Tungsten Mine, Canada's second largest tungsten mine and the historic Jersey Lead-Zinc Mine, British Columbia's second largest lead-zinc producer. Significant zones of remnant mineralization exist in the historic tungsten workings (News Release of May 23, 2007). In 2006 Apex discovered a large new tungsten deposit, the East Emerald deposit, on the property (News Release of Mar 6, 2006). Drilling in 2014 traced the deposit for 1,200 metres along strike and 200 metres in width with 74 NQ diamond drill holes. The present study will use the results of these drill holes to calculate an updated tungsten resource estimate for the property. The updated resource estimate will also incorporate updated topography based on a 2017 Lidar survey.

The Kena property is located 25 km north of the Jersey-Emerald property. The property is under option to Boundary Gold and Copper Mining Ltd who may earn 80% interest in the property by completing $2.5 million in property exploration by October 3, 2022. In 2004 a now historic NI43-101 Technical Report on the Gold Mountain and Kena Gold showed a measured and indicated resource of 381,000 ounces of gold and an additional inferred resource of 389,000 ounces of gold. This resource estimate was based on 115 drill holes and showed an average grade of 1.0 g/t gold using a cut off grade of 0.50 g/t gold (News Release dated June 7, 2004). The deposits are exposed on surface and remain open along strike and at depth. The deposits have since been expanded with 7,527 metres of NQ diamond drilling in 41 drill holes completed in 2012. The updated resource estimate will incorporate these and older drill results with updated topography based on a recent Lidar survey.

The resource estimate program will involve site visits, drill core inspections and core sampling by Renaissance. The program will commence immediately. Preliminary reports are expected by early April.

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.

 
#Tue Dec 17, 2019
Apex Resources Intersects Gold Mineralization Including 289.97 g/t Gold Over 0.30 Metres at Ore Hill, BC

 December 17, 2019, Vancouver, BC., Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce it has received positive drilling results from the two 2019 diamond drill holes at its Ore Hill property in southeastern BC. Gold mineralization was intersected in both drill holes. Of the 284 core sections assayed in the two drill holes results ranged from less than detection up to 289.97 g/t gold over 0.30 m.

Gold assays and intersection widths for the two NQ size diamond drill holes are summarized below. There is presently insufficient information to determine how intersection widths relate to true widths.

Gold Assays - Ore Hill Drill Holes OH19-01 & OH19-02
Hole ID From (m) To (m) Length (m) Gold (g/t)
OH19-1 27.6 41.0 13.4 1.13
Including 27.6 33.5 5.9 2.02
Including 27.6 29.1 1.5 6.84
Including 27.6 28.6 1.00 8.26
  92.6 92.9 0.30 7.49
  178.6 178.9 0.30 289.97
OH19-2 7.8 8.8 1.00 2.35
  62.0 63.08 1.08 3.00
  83.2 83.7 0.5 5.22
  190.9 191.2 0.3 7.87
  213.4 213.7 0.3 1.99
  222.7 223 0.3 1.01
  226.3 227.15 0.85 6.93
  235.1 237.2 2.1 1.54
Including 235.1 235.4 0.3 8.24


The two holes were drilled to test a 1,500 metre long gold-in-soil anomaly located along a north northeast trending structural zone (see News Release of Nov 14, 2018). Hole OH19-1 was collared at UTM coordinates 489407E 5441150N and drilled to a depth of 183 metres at a dip of -60o and a bearing of 160o. Hole OH19-2 was collared 41 metres southwest of OH19-1 and drilled to a depth of 245.9 metres at a dip of -45o and a bearing of 160o. The two holes intersected multiple zones of gold mineralization associated with a sheeted quartz vein system containing native gold and sporadic silver-lead-zinc values.

Hole OH19-2 was collared at the approximate location of a historic hole OH90-1 (see Aug 19, 2019 news release) and drilled parallel (160 azimuth) to the former hole at a dip of -45o. The historic hole was drilled at a dip of -60o. Reported gold grades from the two holes are similar. Initial interpretation of results from these two holes indicates a possible vein system dipping at 55o to the northwest. Additional drilling will be required to confirm this. The 1990 drill hole results cannot be verified by the company and will be used only to assist in future exploration targeting. Significant assays for hole OH90-1 are given below:

Ore Hill Drill Hole 90-1 UTM 489400E 541165N
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.)

The Ore Hill property was first staked in 1901 and had sporadic production from 1906 to 1940 at an average grade of 34.6 g/t gold (BC Minfile 82FSW054 & 082FSW053). The property is situated 42 km south of Nelson, B.C. at the south end of the Sheep Creek Gold Camp. Sheep Creek is a high-grade orogenic gold district similar to the Barkerville Camp (Geoscience BC Report 2017-15).

Arthur Troup President and CEO states "It's very encouraging to obtain significant results from our initial two drill holes on this property. The 2019 drill program indicates potential for multiple zones of elevated gold grades within a broad structural zone associated with a 1,500 metre long gold-in-soil anomaly. We are looking forward to continuing our exploration program at Ore Hill in 2020."

Qualified Person and Quality Control - Quality Assurance

Perry Grunenberg, P.Geo. is a "Qualified Person" for the project and has read and approved the contents of this news release.

On site the core is delivered to the Company's secure facility in Salmo, BC where it is logged, split, tagged, sealed and shipped for analysis. The Company's consulting geologist Susan E. Deane P.Geo. logs and supervises the splitting sealing and shipping of the samples for assay. Quality control is monitored by the insertion of certified standard reference materials and blanks at regular intervals into each sample shipment. For future reference half of all drill core is stored at the Company's secure facility in Salmo, BC.

Drill core samples are submitted to MSA Labs geochemical laboratory services in Langley, British Columbia for preparation and analysis. The MSA facility is accredited to the ISO/IEC 17025 standard for analytical methods.

In the laboratory the entire sample is crushed, 1,000 grams is riffle split and 250 grams is pulverized. Analysis for gold is by 30 g fire assay fusion with an atomic absorption (AAS) finish having a lower limit of 0.01 ppm and upper limit of 10 ppm. Samples with gold assays greater than 1 ppm are re-analyzed using a 500 g screen metallic fire assay. All samples are also analyzed by a 48 multi-elemental Inductively Coupled Plasma (ICP) geochemical package using a 4-acid digestion.

2020 Exploration Program

In 2020, the company plans for continued exploration at Ore Hill. The scale of the exploration program is dependent upon completion of financing. All permits are in place for an expanded drill program which will commence upon completion of a structural geological mapping program to assist with fine tuning the drill target areas. Drilling will step out from these initial 2 holes to test the strike and down-dip extension of the gold mineralization encountered during the 2019 program.

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 Dec 13, 2019
Apex Resources Announces BC Securities Commission Technical Disclosure Review

 

December 13, 2019, Vancouver, BC Apex Resources Inc. ("Apex") (TSXV: APX) has recently been selected for a technical disclosure review by the BC Securities Commission. The review assessed the Company's disclosure practices and overall level of compliance. The review identified two material deficiencies related to 2013 and 2016 filings that lead to the Company being placed on the Commission's Issuers in Default list. Both issues require that the Company must file an independent NI 43-101 compliant technical report.

In its News Release dated April 11, 2013 the Company disclosed an increase in mineral resources on its Kena Project related to a resource update reported by the Company's joint venture partner. Prior to disclosing the resource update Apex should have verified the resource and filed an independent technical report.

In its MD&A filed on May 26, 2016 the Company disclosed an increase in tungsten resources on its Jersey Emerald Project related to a resource update filed by another operator. Prior to disclosing the resource update Apex should have verified the resource and filed an independent technical report.

The updated resource estimates discussed above for the Kena-Daylight and Jersey Emerald projects are presently not supported by compliant NI 43-101 technical reports prepared for Apex Resources Inc. These two resource estimates should not be relied upon until they have been verified and supported by independent NI 43-101 compliant reports. Apex is in conversations with consulting firms to review these previously indicated resource estimates. Compliant updated NI 43-101 Technical Reports are expected to be completed early in the New Year.

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

 
#Thu Oct 31, 2019
Apex Resources Intersects Visible Gold in Initial Drilling at Ore Hill

 October 31, 2019, Vancouver, BC, Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to report that visible gold has been observed in the initial two diamond drill holes completed at its Ore Hill gold project in southeastern British Columbia (see photos below). The presence of visible gold in drill core is considered very favorable, but does not assure potential for high laboratory assay grades.

Historical mining on the Ore Hill property focused on narrow, high grade, northeast trending quartz veins. Recent exploration shows gold mineralization also occurs along a north trending structural zone. The Ore Hill drill program is targeting this important new style of gold mineralization along a 1,500 metre long gold soil anomaly.

Four drill sites were initially selected to test the soil anomaly north of the historic Summit Gold mine. Drilling commenced September 30th but was suspended in mid-October due to un-seasonally heavy snow conditions. The program completed 437.35 metres of drilling in two holes. The core is presently being logged and split at the company's secure core storage facility in Salmo, BC. Assays will be reported when analyses are complete in about 4 weeks.

The two planned but untested drill targets will be explored as soon as weather conditions allow access. The Company has a multi-year permit in place to allow for an expanded drill program.

The 2,000 hectare Ore Hill Property is located in the historic Sheep Creek gold camp just 5 km east of Apex's historic Jersey-Emerald lead, zinc and tungsten mines. The property covers the former Ore Hill, Summit and Bonanza gold mines. See website and previous releases for more information on these projects.

Rock chip sampling completed by Margaux Resources in 2017 and 2018 returned a number of high grade gold assays, including 119 g/t and 105 g/t gold over a 950 m by 150 m area along the trace of the gold soil anomaly (see Margaux release of Oct 29, 2019). The results suggest that this recently identified mineralization may represent an extensive mineralizing system with significant size and strength.

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.

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

Examples of visible gold seen in drill core at Ore Hill 2019. Drill core is approximately 50mm (2 inches) in diameter.

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.

 
#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.

 

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