Apex sam­ples 67.5 g/t Au, 2,058 g/t Ag at Mt. An­der­son

Stockwatch Daily - - MINES & METALS - Mr. Arthur Troup re­ports

APEX RE­SOURCES Inc. has suc­cess­fully com­pleted the phase 1 ex­plo­ration pro­gram on its Mount An­der­son prop­erty, lo­cated 55 kilo­me­tres south of White­horse, Yukon.

The road-ac­ces­si­ble, 3,100-hectare Mount An­der-

son prop­erty is lo­cated ad­ja­cent to the his­toric Mount Skukum gold mine and has had con­sid­er­able prior ex­plo­ration work by other op­er­a­tors.

The phase I ge­o­log­i­cal map­ping and rock sam­pling pro­gram was car­ried out by Aurora Geo­sciences Ltd. of White­horse, Yukon. The pro­gram in­ves­ti­gated, con­firmed and ex­panded a num­ber of his­tor­i­cal gold and sil­ver show­ings on the prop­erty.

The at­tached ta­ble shows the high­lights of this rock sam­pling pro­gram.

(See APX Ta­ble 1 on page 3)

A to­tal of 104 rock sam­ples were col­lected. The ma­jor­ity of these sam­ples rep­re­sent nar­row chip, grab or float sam­ples taken from his­tor­i­cal trenches and adits and from new min­er­al­ized zones along strike from these his­tor­i­cal work­ings. The 2017 re­sults are of com­pa­ra­ble qual­ity with his­tor­i­cal gold and sil­ver grades re­ported by pre­vi­ous op­er­a­tors. The re­sults suc­cess­fully con­firm the pres­ence of high-grade gold and sil­ver min­er­al­iza­tion that is of­ten co­in­ci­dent with good base metal (lead, zinc and cop­per) val­ues.

In 1985, No­randa Ex­plo­ration Ltd. put in a 1,100-sam­ple soil geo­chem­i­cal grid of ap­prox­i­mately 3,000 me­tres by 1,300 me­tres in size, cov­er­ing the main show­ings. The sur­vey showed gold, sil­ver and lead soil anom­alies to ex­tend well be­yond the known show­ings. It is read­ily ap­par­ent that less than 20 per cent of the prin­ci­pal gold-sil­ver soil anom­aly has been tested by Apex’s 2017 ex­plo­ration pro­gram. (The No­randa re­sults are con­sid­ered his­tor­i­cal in na­ture, but the 2017 rock geo­chem­i­cal re­sults are con­sis­tent with No­randa’s re­sults, sug­gest­ing the his­tor­i­cal sam­ple re­sults are re­li­able.)

In ad­di­tion to No­randa’s work, be­tween 2010 and 2012, pre­vi­ous prop­erty op­er­a­tor Gold World Re­sources Ltd. com­pleted a 4,600-sam­ple MMI (mo­bile metal ion) soil sur­vey plus a de­tailed air­borne geo­phys­i­cal sur­vey. The im­me­di­ate fo­cus of the Apex ex­plo­ration team is the com­pi­la­tion of this his­tor­i­cal work in or­der to pro­vide well-de­fined tar­gets for the next ex­plo­ration phase. An ex­panded ex­plo­ration pro­gram con­sist­ing of in­duced po­lar­iza­tion and mag­ne­tome­ter geo­phys­i­cal sur­veys and ex­ca­va­tor trench­ing is planned for phase 2 in or­der to pre­pare the prop­erty for di­a­mond drill test­ing.

Arthur Troup, pres­i­dent of Apex, said: “We are very ex­cited by the re­sults of the 2017 pro­gram. The sam­pling pro­gram, com­bined with the his­toric work, sug­gests the prop­erty has po­ten­tial for bulk-ton­nage min­eral de­posits com­pris­ing high-grade veins within broad zones of low-grade min­er­al­iza­tion. We ex­pect that our com­pi­la­tion of the large amount of good-qual­ity work com­pleted pre­vi­ously by No­randa and Gold World will pro­vide strong tar­get ar­eas that will re­sult in a very ac­tive drilling pro­gram in 2018.”

The Mount An­der­son ex­plo­ration pro­gram is be­ing con­ducted un­der the su­per­vi­sion of Linda Dandy, PGeo, direc­tor. Ms. Dandy is a qual­i­fied per­son for the pur­pose of National In­stru­ment 43-101; she has re­viewed and ap­proved the con­tents of this news re­lease.

We seek Safe Har­bor.

Linda L Dandy, Ralph A Gon­za­lez, Robin Mow­bray Mer­ri­field, Arthur Ge­orge Troup

(APX) Shares: 13,977,214

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