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

News Releases

#Mon Nov 23, 2020
Apex Resources Inc. Announces Cease Trade Order

 November 23, 2020, Vancouver, BC., Apex Resources Inc. ("Apex") (TSXV: APX) was issued a Cease Trade Order (the "Cease Trade Order") by the British Columbia Securities Commission (the "Commission") on November 19, 2020 related to the Commission's technical disclosure review previously announced in the Company's news release dated December 13, 2019.

In its technical disclosure review, the Commission 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. Resource estimates prepared by the Company's joint venture partners for the East Emerald tungsten deposit on the Company's Jersey-Emerald property (the "Jersey-Emerald Property") and for the Kena and Gold Mountain zones on the Company's Kena-Daylight property (the "Kena-Daylight Property") had not been independently verified by the Company.

In February, 2020, the Company engaged Renaissance Geoscience Services Inc. of Kamloops, BC ("Renaissance") to prepare updated resource estimates for the Jersey-Emerald Property and the Kena-Daylight Property. The program involving site visits, drill core inspections and core sampling by Renaissance commenced in March, 2020 and final reports were submitted to the Commission in October, 2020.

The Commission notified the Company on November 19, 2020 that the reports submitted in October, 2020 are unacceptable and that the Company will be subject to the Cease Trade Order until: (1) the Company files a technical report to support the Company's earlier disclosure made in its May 26, 2016 Management Discussion and Analysis related to the Jersey-Emerald Property and in its January 22, 2018 news release related to the Kena-Daylight Property; and (2) the Executive Director of the Commission has revoked the Cease Trade Order.

The Company is presently reviewing all options to correct this situation as quickly as possible. Once the required disclosure has been filed, the Company will seek to have the Cease Trade Order revoked. The Company will provide updates as and when warranted.

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 Nov 17, 2020
Apex Resources Extends Gold Mineralization With Diamond Drilling at Ore Hill

 November 17, 2020, Vancouver, BC., Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce that diamond drilling at its Ore Hill property in southeastern BC has extended the gold-bearing zone intersected in its initial two 2019 diamond drill holes (see Dec 17, 2019 news release). Final assays have been received for Hole OH20-4 collared 100 metres south of previous hole OH19-2. Five zones of gold enrichment were intersected in the hole. The highlight of the assays in hole OH20-4 was a 30 cm intercept that returned 32.90 g/t gold within a 4.63 metre section that assayed 2.76 g/t.

Gold assays and intersection widths for diamond drill hole OH20-4 are tabled below. There is presently insufficient information to determine how intersection widths relate to true widths.

Gold Assays - Ore Hill Drill Hole OH20-04
Hole_ID From_m To_m Length_m Gold_g/t
OH20-4 57.0 59.0 2.00 0.656
  95.0 96.15 1.15 0.645
  137.75 138.2 0.45 0.589
  147.87 152.5 4.63 2.76
Including 147.87 148.93 1.06 11.02
Including 147.87 148.17 0.30 32.90
  182.07 182.25 0.18 3.40

Hole OH20-4 was collared at UTM coordinates 489374 E 5441063 N and drilled to a depth of 222.0 metres at a dip of -90°. Hole OH20-3 collared at the same location as OH20-4 was drilled into the unmineralized wall rocks to the east of the mineralized zone. Hole OH20-3 was drilled to a depth of 97.6 metres at a dip of -50° and a bearing of 160°. The hole was unmineralized but provided important geological information.

Assays are pending for an additional 8 drill holes with a combined total of 1,255.0 metres of NQ core.

The 2,000 hectare Ore Hill Property is located 45 kilometres south of the town of Nelson, BC in the historic Sheep Creek gold mining camp. The property covers workings of the former Ore Hill, Summit and Bonanza mines. The present drill program is investigating a 1,500 metre-long gold in soil anomaly that extends north and south from the historic Summit Mine. Rock chip sampling completed in 2017 and 2018 obtained a number of high-grade gold assays, along the trace of the gold soil anomaly indicating an extensive mineralizing system with significant size and strength.

Qualified Person and Quality Control

The Ore Hill 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 and has read and approved the contents of this news release. In the field, permit approved drill hole collar locations are determined with a hand-held GPS unit having an accuracy of +/- three metres. Collar sites are marked for later conventional surveying.

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 geologists, Bernhardt Augsten, P.Geo. and Patrick Williams log and supervised 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 cores was retained and is stored at the Company's secure facility in Salmo, BC.

Drill core samples are shipped via ground transport to the ALS Global - Geochemistry Analytical Lab in North Vancouver, BC, for analysis for gold and an additional 35 elements. The ALS facility is accredited to the ISO 9001:2015 standard for analytical methods.

In the laboratory, the entire sample is crushed to 70% less than 2mm and 250 grams are pulverized. Analysis for gold is by 30g fire assay fusion with an atomic absorption (AAS) finish having a lower limit of 0.01 ppm and upper limit of 50 ppm. Samples with visible gold are re-analyzed using a 500g screen metallic fire assay. All samples are also analyzed by a 35 multi-elemental Inductively Coupled Plasma (ICP) geochemical package.

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 Nov 2, 2020
Apex Resources Announces Closing of Non-Brokered Private Placement

 

November 2, 2020, Vancouver, BC – Apex Resources Inc. (TSX-V: APX) (“Apex” or the “Company”) is pleased to announce that, subject to the approval of the TSX Venture Exchange (the “Exchange”), it has closed a non-brokered private placement (the “Private Placement”) issuing a total of 620,000 units (the “Units”) at $0.10 per Unit, and 690,000 Flow Through Units (the “FTUnits”) at $0.10 per FT Unit for total gross proceeds of $131,000.

Each Unit is comprised of one (1) common share (the “Shares”) in the capital of the Company and one (1) non-transferable share purchase warrant (the “Warrants”). Each FT Unit is comprised of one (1) common share in the capital of the Company and one half (1/2) of a non-transferable share purchase warrant.

Each full warrant attached to the Units is exercisable into one Share of the Company for a period of 12 months from the date of issue at an exercise price of $0.16 per Share. The Warrants are subject to an acceleration clause whereby if the volume-weighted average closing price of the Shares on the Exchange is $0.30 or more for 21 consecutive trading days at any time subsequent to the expiry of six months from the date of issuance of the Warrants, then the Company will earn the right by providing notice (the “Acceleration Notice”) to the warrant holders, to accelerate the expiry date of the Warrants to that date which is 30 days from the date of the Acceleration Notice.

The Company paid finders’ fees of $8,000 and 52,000 finders’ warrants (the “Finder’s Warrants”) to 6132987 Canada Inc., Canaccord Genuity Corp., Haywood Securities Inc. and PI Financial Corp. The Finder’s Warrants are exercisable under the same terms as the Private Placement Warrants.

All securities issued will be subject to a four-month hold period pursuant to securities laws in Canada. Net proceeds from the Private Placement will be used for property mineral exploration and for general working capital.

About Apex Resources Inc.

Apex is a Canadian gold exploration and development company focused on British Columbia and the Yukon Territory. Apex has a portfolio of quality properties including:

  1. The Mount Anderson gold-silver property in the Yukon.
  2. The Kena-Daylight gold property in southern BC under option to Boundary Gold and Copper Mining Ltd.
  3. The Jersey-Emerald tungsten-zinc property in southern BC.
  4. 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.

2020 Exploration Program

Apex has recently completed 1600 metres of NQ diamond drilling in 10 holes on its Ore Hill Gold Property in Southeastern British Columbia designed to test a 1,500 metre-long, gold soil anomaly. The core is currently being processed and shipped to ALS Global Geochemistry Analytical Lab and assay results are pending. (Please see October 13, 2020 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.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

 
#Tue Oct 13, 2020
Apex Resources Provides Exploration Update for its Ore Hill Gold Project, BC

 October 13, 2020, Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce that 1,600 metres of NQ diamond drilling in 10 holes have been completed on its Ore Hill Gold Property in southeastern British Columbia. The drill program is testing a 1,500 metre-long, gold in soil anomaly where a preliminary, two-hole drill program in 2019 intersected several significant new gold zones including 289.97 g/t gold over 0.30 m (see Dec. 17, 2019 News Release).

A mapping and sampling program in 2017-2018 demonstrated the potential for widespread mineralization along the soil anomaly. The 2017-18 program returned gold values of 1.0 gram per tonne (g/t) gold or better for 33 surface grab samples taken along a 1,000-metre section of the soil anomaly. Fifteen of the samples returned greater than 10.0 g/t including 119 g/t (or 3.8 oz/ton) and 105 g/t Au (or 3.4 oz/ton) (see Dec. 17, 2019 News Release).

In the current program, drill stations are situated at 50- to 80-metre intervals along the soil anomaly. Drilling has now successfully tested a 500-metre section of the soil anomaly at 7 drill stations located between the historic Summit mine to the south and the historic Ore Hill mine to the north. The favourable geology trends through the area tested and the company plans to extend drilling to the south.

The core is presently being logged and split at the company's secure core storage facility in Salmo, B.C. by consulting geologists, Bernhardt Augsten P.Geo. and Patrick Williams P.Geo. The QA/QC samples are also being prepared, sealed and maintained in custody before being shipped via ground transport to the ALS Global - Geochemistry Analytical Lab in North Vancouver, BC, for analysis for gold and an additional 35 elements. The ALS facility is accredited to the ISO 9001:2015 standard for analytical methods.

The Ore Hill property is located in the historic Sheep Creek Gold Mining Camp. The Sheep Creek camp has reported historic production of 780,000 ounces of gold at an average grade of 14.4 g/t. Sheep Creek mineralization is comprised of high-grade gold veins similar to the Barkerville Gold camp located in a similar geologic setting 550 km to the northwest.

Apex's Ore Hill exploration program is being conducted under the supervision of Perry Grunenberg, P.Geo. Mr. Grunenberg, is a "Qualified Person" for the project and has read and approved the contents of this news release.

Apex is currently in the process of a non-brokered private placement offering to finance an expanded exploration program (see Sept. 16, 2020 News Release).

About Apex Resources Inc.

Apex is a Canadian mining 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 Kena-Daylight gold property in southern BC under option to Boundary Copper and Gold Mining Ltd.
  3. The Jersey-Emerald tungsten-zinc property in southern BC.
  4. 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.
 
#Wed Sep 16, 2020
Apex Resources Announces Non-Brokered Private Placement

 

NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

September 16, 2020, Vancouver, British Columbia -- Apex Resources Inc. (TSX-V: APX)  ("Apex" or the "Company") is pleased to announce that, subject to the approval of the TSX Venture Exchange (the "Exchange"), it intends to complete a non-brokered private placement (the "Private Placement") and raise total gross proceeds of up to $600,000 through the issuance of approximately 3,000,000 units (the "Units") at $0.10 per Unit for gross proceeds of up to $300,000 and the issuance of approximately 3,000,000 flow-through units (the "FT Units") at $0.10 per FT Unit for gross proceeds of up to $300,000.  

Each Unit will consist of one common share and one non-transferable share purchase warrant each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.16 per common share for a period of 1 year, subject to the below acceleration provision.

Each FT Unit will consist of one flow-through common share and one-half of one non-transferable share purchase warrant with each whole warrant entitling the holder to purchase one additional common share of the Company at a price of $0.16 per common share for a period of 1 year, subject to the below acceleration provision.

The Warrants are subject to an acceleration clause whereby if the volume weighted average closing price of the Shares on the Exchange is $0.30 or more for 20 consecutive trading days at any time subsequent to the expiry of six months from the date of issuance of the warrants, then the Company will earn the right by providing notice (the "Acceleration Notice") to the warrant holders, to accelerate the expiry date of the warrants to that date which is 30 days from the date of the acceleration notice.

All securities issued in connection with the Private Placement will be subject to a hold period and may not be traded for four months plus one day from the date of closing of the Private Placement.  Net proceeds from the Private Placement will be used for property exploration and for general working capital.

The Company welcomes all qualified investors to participate in the Private Placement. 

Apex is presently focused on the advancement of its Ore Hill gold property in southern BC. In 2019 preliminary drilling in 2 holes at Ore Hill intersected new zones of gold mineralization which include 289.97 g/t gold over 0.30 m (see Dec 17, 2019 News Release).  The 2020 drill program is testing the extension of the 2019 intersections along a 1,500 metre long gold in soil anomaly. Drilling is currently underway and 940 metres of NQ diamond drilling have been completed in five holes. Drill core from the initial three holes have been logged and split. The core has been sent for assay and results are expected in 5 to 6 weeks.

Apex's exploration programs are conducted under the supervision of Ms. Linda Dandy, P.Geo., VP Exp., Director and Perry Grunenberg, P.Geo.  Both are "Qualified Persons" for the purpose of NI 43-101 reporting.

About Apex Resources Inc.

Apex is a Canadian gold exploration and development company focused on British Columbia and the Yukon Territory.  Apex has a portfolio of quality properties including:

  1. The Mount Anderson gold-silver property in the Yukon.
  1. The Kena-Daylight gold property in southern BC under option to Boundary Gold and Copper Mining Ltd.
  1. The Jersey-Emerald tungsten-zinc property in southern BC.
  1. 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: 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.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

 

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