Apex has a portfolio of quality properties including:
- The Mount Anderson gold-silver property in the Yukon Territory.
- The historic Jersey-Emerald tungsten-zinc mine in southern BC.
- The historic Ore Hill gold property in southern BC.
- The Kena-Daylight gold property in BC in a JV option with Prize Mining.
In 2019, the Company will focus its efforts on the advancement of its Mount Anderson gold-silver property in the Yukon and its Ore Hill gold property in southern BC.
The Mount Anderson Property
, located 55 kilometres south of Whitehorse, Yukon, is road accessible year round and consists of 163 quartz claims covering approximately 31 square kilometres. The claims lie along the Wheaton River Valley and are contiguous with New Pacific Metals Corp.'s Mount Skukum Property. In 1981, Agip Canada discovered a gold ore body at Mount Skukum, which subsequently produced 80,000 ounces of gold from 220,000 tons of ore between 1986 and 1988. Currently, New Pacific Metals Corp. has an indicated resource of 1,416,500 tonnes grading 8.59 g/t gold equivalent in the Skukum Creek and Goddell Gully deposits (New Pacific Metals website).
Sporadic exploration has been conducted on the previously fragmented Mount Anderson property dating back as far as 1906. Of significance, in 1947 United Keno Hill shipped a test sample to Trail from the property which returned 34.3 g/t Au, 432 g/t Ag, 11.6% Pb, 5.2% Zn. In 2011, previous property operator Gold World Resources Inc. collected composite samples from a portion of the original bulk sample remaining on site and confirmed the historic values with results of 30.5 g/t Au, 532 g/t Ag, 9.1% Pb, 6.5% Zn and 0.5% Cu. Sampling of the nearby trenches from which the sample was collected returned 29.0 g/t Au, 417.2 g/t Ag, 20% Pb and 6% Zn (Technical Report for Gold World Resources Inc. by H. Lahti, 2012).
Gold World also completed an MMI soil survey consisting of some 4,600 samples, covering approximately 60% of the claim block. Several strong soil anomalies were identified which require follow up ground prospecting, mapping, trenching and/or drilling. In 2012, Gold World was unable to maintain the option on the Mount Anderson Property and it reverted to the vendors.
In 2017 -18 Apex contracted Aurora Geoscience to carry out mapping, rock and soil sampling and an IP geophysical survey of the property. The mapping and geochemical sampling surveys successfully located and confirmed strong multi-element soil geochemical anomalies and four gold-silver showings named: 47, Adanac, Whirlwind Adit and Ridge Zones. The IP survey successfully delineated several chargeability and resistivity anomalies. The largest and strongest anomaly represents a new discovery and remains open. The recent surveys indicate multiple pulses of mineral emplacement from hydrothermal fluids.
Aurora Geoscience Ltd. recommends a two-phase exploration program for the Mount Anderson property in 2019. The Phase 1 program is envisioned as a rock sampling and geological mapping project to finalize drill site locations. The Phase 2 program would drill test sites outlined in Phase 1 and would represent approximately 1,200 metres in 9 holes.
The Ore Hill property
is located in the Nelson Mining Division in Southern BC. The 2,000 hectare, road accessible property overlies several polymetallic gold bearing quartz veins that were initially staked in 1901. The veins have been explored with nine adits with over 1,200 metres of underground development. Between 1906 and 1940, a total of 3,335 tonnes of ore were mined and 115,671 grams of gold, 202,307 grams of silver, 93,985 kilograms of lead and 88,639 kilograms of zinc were recovered.
The Ore Hill properties are situated at the south end of the 10 km long Sheep Creek Gold District at an elevation of about 1585 metres. The Sheep Creek Gold District, with historical gold production of almost 800,000 ounces at an average gold grade of 14.4 g/t, is an orogenic gold district similar to the Barkerville Gold Camp.
Veins in the Sheep Creek Gold District are high-grade, steeply dipping, sub-parallel, low-sulfide quartz veins. Individual veins averaged approximately 1 m in width and were mined over strike lengths of up to 550 m and up to 500 m depths. Vein widths tended to increase with depth while gold grades decreased with depth.
The historic Queen Mine adjoins the north border of the Ore Hill properties. The Queen Mine, which was the largest producer in the Sheep Creek camp, is located 500 metres lower at an average elevation of 1,030 metres. The Queen Mine had production of 9,453,383 grams of gold, 3,121,527 grams of silver, 7,769 kilograms of lead and 3,063 kilograms of zinc from 653,165 tonnes of ore.
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 wider gold-bearing crackle zone, up to 10 m wide, associated with a north-northeast-trending fault zone. A gold soil anomaly, 1,500 m long by up to 150 m wide follows this north-northeast structure.
In 2017 and 2018 mapping and sampling programs carried out on the Ore Hill property by Margaux Resources Ltd demonstrated potential for widespread mineralization. Assay results showed a number of high grade gold samples with associated high silver, lead and zinc values. The high grade samples were collected over a strike length of almost 1 km demonstrating a mineralizing system with potential for significant size and strength.
Ore Hill was a high priority target for a diamond drilling program planned for 2018 but the program could not be completed due to a forest fire in the area. In September Margaux Resources was unable to make a property option payment to Apex and the Ore Hill properties reverted to Apex Resources Inc. Apex is currently permitting the property for exploration by diamond drilling and excavator trenching.
Exploration consisting of prospecting, soil and rock geochemistry, mechanical trenching and reconnaissance drilling has since been carried out. This work has discovered numerous mineralized showings within an area measuring 2.0 km in length by 500 metres in width. Five principal showing, the East Zone, the Don Zone, the Vance Zone the Saddle Zone and the Miller Zone occur within this prospective area. Historic assays from grab and chip samples taken from veins within these showings have returned grades of up to 10.8 g/t gold and 1,519 g/t silver across 0.5 metres from the Don Zone, 28.9 g/t gold and 31.51 g/t silver over 0.4 metres on the Saddle zone and 3.11 g/t gold and 309.1 g/t silver over 0.76 metres on the Miller Zone.
The current exploration program at Red Ridge is aimed at confirming historic sample results and evaluating the extent of the mineralization on the East, Don, Saddle, Miller, and Vance showings.
Apex's three properties include the eastern Eldorado Property, the central Cloud Property and the western Wild Property. Government aeromagnetic coverage and regional geochemical surveys show several areas of interest on the properties and initial property work has determined that all three have interesting gossanous zones. Apex is currently sampling and exploring the properties with helicopter assisted prospecting, reconnaissance mapping and geochemical surveys under the supervision of Ms. Linda Dandy, P.Geo., and Director. Ms. Dandy has considerable experience in the Golden Triangle area and is Apex's project supervisor and "Qualified Person" for the purpose of NI 43-101.
Apex's business strategy is to acquire quality, under explored, precious metal properties with undiscovered resource potential in established mining camps. The company then advances the projects until they can be joint ventured or sold with a retained NSR royalty to Apex.
Apex is currently advancing its Ore Hill Property and Mt. Anderson Property. Apex is actively seeking a Joint Venture partner for the Jersey Emerald Tungsten Zinc project and has optioned the Kena Daylight gold project to Boundary Gold and Copper Mining Ltd. (previously Prize Mining).
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