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