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

News Releases

#Wed Feb 17, 2021
Apex Resources Drilling Program Continues to Expand Favourable Gold Mineralization at its Ore Hill Property

 February 17, 2021, Vancouver, BC., Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce it has received final assay results for the 2019-2020 diamond drill program at its Ore Hill property in southeastern BC. The results have successfully expanded and demonstrated strike continuity to the previously known mineralization. Twelve drill holes have been completed on the property with 47 significant gold intersections obtained from the holes.

Highlights of the drilling are as follows:

  • OH19-1: 2.02 g/t Au over 5.90 metres*
  • OH19-1: 289.97 g/t Au over 0.30 metres*
  • OH19-2: 6.93 g /t Au over 0.85 metres*
  • OH20-4: 2.76 g /t Au over 4.63 metres*
  • OH20-4: 11.02 g /t Au over 1.06 metres*
  • OH20-5: 3.17 g/t Au over 2.00 metres
  • OH20-5: 8.34 g/t Au over 0.41 metres
  • OH20-7: 7.10 g/t Au over 1.11 metres
  • OH20-8: 5.40 g/t Au over 0.67 metres
  • OH20-8: 35.40 g/t Au over 0.31 metres
  • OH20-8: 4.73 g/t Au over 2.00 metres
  • OH20-9: 5.27 g/t Au over 1.59 metres
  • OH20-10: 2.11 g/t Au over 1.41 metres
  • OH20-10: 3.21 g/t Au over 0.89 metres
  • OH20-12: 1.63 g/t Au over 2.00 metres

Note: * indicates a previously reported assay. These results are not necessarily indicative of all of the mineralization on the property.

The drill program is testing a 1,500 metre-long, gold in soil anomaly on the 2,000-hectare property. To date 12 drill holes have been completed from 7 drill stations along a 500-metre-long section of the soil anomaly. Forty-seven significant gold intersections were obtained from 11 of the drill holes. Thirty-five of the intersections assayed greater than 1.0 g/t with thirteen of the intersections exceeding 5.0 g/t gold.

Many of the holes intersected multiple zones of gold mineralization associated with a sheeted quartz vein system. Two styles of mineralization are seen: veins containing only native gold and veins carrying gold values with associated silver lead and zinc values. Highest silver values were obtained from holes at the north end of the test area. Hole OH20-6 assayed 172.20 g/t silver across a core length of 0.43 metres and 198.0 g/t silver across 0.15 metres. Hole OH20-7 assayed 35.90 g/t silver across 1.32 metres, OH20-8 assayed 42.80 g/t silver across 0.43 metres and OH20-9 assayed 39.60g/t silver across 1.59 metres.

Detailed drilling results and intersection widths for the twelve holes are tabled below. Intersections are reported as core lengths as there is presently insufficient information on the strike and dip of the veins to determine true widths. A drill hole location plan map is presented at the end of this release.

Gold Assays - Ore Hill Drill Holes OH19-1 to OH20-12

Hole_ID

From_m

To_m

Length_m

Au_g/t

Ag g/t

Pb %

Zn %

OH19-1*

27.6

41.0

13.4

1.13

 

 

 

Including

27.6

33.5

5.9

2.02

 

 

 

Including

27.6

28.6

1.00

8.26

 

 

 

 

92.6

92.9

0.30

7.49

5.30

 

 

 

178.6

178.9

0.30

289.97

7.80

 

 

OH19-2*

7.8

8.8

1.00

2.35

 

 

 

 

62.0

63.08

1.08

3.00

1.60

 

 

 

83.2

83.7

0.5

5.22

32.10

1.00

0.73

 

190.9

191.2

0.3

7.87

1.40

 

 

 

213.4

213.7

0.3

1.99

1.20

 

 

 

222.7

223

0.3

1.01

 

 

 

 

226.3

227.15

0.85

6.93

22.10

 

 

 

235.1

237.2

2.1

1.54

 

 

 

Including

235.1

235.4

0.3

8.24

 

 

 

OH20-4*

57.0

59.0

2.00

0.66

 

 

 

 

95.0

96.15

1.15

0.65

 

 

 

 

137.75

138.2

0.45

0.59

 

 

 

 

147.87

152.5

4.63

2.76

 

 

 

Including

147.87

148.93

1.06

11.02

30.70

0.71

1.19

Including

147.87

148.17

0.30

32.90

71.00

1.00

3.52

 

182.07

182.25

0.18

3.40

 

 

 

OH20-5

115.00

123.00

8.00

1.02

 

 

 

Including

115.00

117.00

2.00

3.17

 

 

 

 

141.17

143.86

2.67

1.37

2.19

0.18

0.85

Including

143.45

143.86

0.41

8.34

 

 

 

 

302.30

302.68

0.38

1.75

 

 

 

OH20-6

21.98

22.41

0.43

1.30

172.20

0.40

7.90

 

64.58

64.73

0.15

0.62

198.00

3.89

2.96

 

77.29

79.00

1.71

1.84

 

 

 

Hole_ID

From_m

To_m

Length_m

Au_g/t

Ag g/t

Pb %

Zn %

OH20-7

19.95

21.27

1.32

2.47

35.90

2.36

0.68

 

55.58

56.69

1.11

7.10

1.30

0.04

1.17

 

71.07

71.40

0.33

0.93

 

 

 

OH20-8

21.87

22.3

0.43

1.74

42.80

5.52

4.11

 

68.12

68.79

0.67

5.40

10.29

0.64

0.36

 

69.89

70.50

0.61

18.28

7.54

0.52

0.85

Including

70.19

70.50

0.31

35.40

13.10

0.93

1.64

 

88.00

90.00

2.00

4.73

 

 

 

 

105.46

106.06

0.60

0.64

 

 

 

OH20-9

24.64

25.13

1.18

0.87

 

0.99

0.98

 

75.04

75.24

1.59

5.27

39.60

2.71

4.92

OH20-10

12.3

14.18

1.88

1.59

 

 

 

 

17.88

19.29

1.41

2.11

 

 

 

 

24.15

26.2

2.05

0.55

 

 

 

 

28.25

30.37

2.12

0.89

 

 

 

 

55.54

57.6

2.06

1.45

0.58

 

 

 

61.45

63.12

1.67

1.95

 

 

 

Including

61.45

62.34

0.89

3.21

 

 

 

OH20-11

11.74

12.24

0.50

0.93

12.80

 

 

 

48.58

49.76

1.18

1.04

0.70

 

 

OH20-12

13.7

15.7

2.00

0.58

0.40

 

 

 

45.8

48.51

2.71

0.58

1.41

 

 

Including

48.31

48.51

0.20

1.62

10.00

1.925

1.90

 

58.2

60.2

2.00

1.63

0.40

 

 

 

72

73.83

1.83

1.79

0.80

 

 

 

87.63

87.83

0.20

1.80

2.90

0.11

2.24

 

143.3

143.5

0.20

1.10

19.00

1.59

3.36

Note: * indicates a previously reported assay. These results are not necessarily indicative of all of the mineralization on the property.

Collar Coordinates - Ore Hill Drill Holes OH19-1 to OH20-12

Hole_ID

UTM - E

UTM - N

Azimuth (degrees)

Dip (degrees)

EOH (m)

OH19-1

489407

5441150

160

-60

182.88

OH19-2

489375

5441165

160

-45

245.88

OH20-3

489374

5441063

160

-50

97.6

OH20-4

489374

5441063

 

-90

221.97

 OH20-5

489292

5441081

170

-50

316.43

OH20-6

489504

5441309

285

-65

127.12

OH20-7

489504

5441309

 

-90

188.58

OH20-8

489504

5441309

285

-78

161.20

OH20-9

489497

5441262

285

-50

127.60

OH20-10

489488

5441157

295

-75

113.1

OH20-11

489488

5441157

 

-90

70.20

OH20-12

489488

5441157

217

-89

149.20

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-long section of the soil anomaly located between the historic Summit Mine to the south and the historic Ore Hill Mine to the north. The favorable drill results have demonstrated that soil geochemistry and surface rock sampling are excellent tools for tracing mineralization on the Ore Hill property.

The historic mine workings of the Sheep Creek Mine located immediately north of the Ore Hill property found that the gold veins increase in width at depth. In the Sheep Creek Mine the most productive sections of the veins occurred between 400 metres and 850 metres below the elevation of Ore Hill (BCGS Bulletin 31). If the situation is similar at Ore Hill there is a potential vertical extent of roughly 850 metres for the veins. Deep drilling is required to investigate this possibility.

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. Drill hole orientation is determined with a Reflex Gyro downhole surveying instrument.

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: 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 Feb 9, 2021
Apex Resources Inc. Provides Update Regarding Cease Trade Order

 February 9, 2021, 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 NI43-101 deficiencies previously announced in the Company's news release dated November 20, 2020.

In order to lift the Cease Trade Order Apex engaged Moose Mountain Technical Services ("MMTS") of Cranbrook, B.C. for the preparation of updated resource estimates for the East Emerald Tungsten Deposit on its Jersey-Emerald Property and the Kena and Gold Mountain zones on its Kena-Daylight Gold property. Both properties are located in southeastern British Columbia.

The MMTS program commenced on December 14, 2020.  The program has involved compiling all historic property work including surface and drill core assays, completing site visits, drill core inspections and confirmation core sampling by MMTS.

MMTS has informed Apex that in light of deep snow conditions on the property, they have been unable to complete a full property inspection. The only course of action is to wait until the snow melts and publish the reports after a full site visit is possible. MMTS and Apex have discussed the situation with the Commission and have been informed that the cease trading will remain but can be rectified once the reports are filed. Because of this delay Apex will have to file a Revocation Application following acceptance of the resource estimates.

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: 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 15, 2020
Apex Resources Engages Moose Mountain Technical Services to Prepare Updated Technical Reports for its Jersey-Emerald Tungsten and Kena Gold projects

 December 15, 2020, Vancouver, BC., Apex Resources Inc. ("Apex" or the "Company") (TSXV: APX) reports that further to its news release of November 20, it has engaged Moose Mountain Technical Services ("MMTS") of Cranbrook, B.C. for the preparation of 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.

On November 19, 2020 the Company became subject to a Cease Trade Order issued by the BC Securities Commission (see Nov 23, 2020 news release).  The Company was notified by the Commission that the Company will be subject to the Cease Trade Order until: (1) the Company files technical reports 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.

Report preparation is currently under way and preliminary reports are expected by late January.

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 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.
 

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