Apex Resources Announces Drill Hole Data Review of its Ore Hill Gold Project
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
August 19, 2019 TSX Venture Exchange Symbol: APX
Apex Resources Announces Drill Hole Data Review of its Ore Hill Gold Project
August 19, 2019, Vancouver, BC - Apex Resources Inc. ("Apex”) (TSXV: APX) is pleased to
report results of a compilation of historic dril l hole data from the Ore Hill Gold Project in
southeastern British Columbia. This review suggests that the Ore Hill Property has potential for
discovery of an important new style of gold mi neralization within a co nformable breccia zone
that has been traced for 1,500 metres across the property. The study also suggests there may be
potential for new reserves in the veins below th e historic workings. Highlights of the study
include the following historic drill intercepts:
DDH 90-01 3.05m @ 8.09 g/t gold
DDH 90-01 6.10m @ 2.91g/t gold
DDH 90-01 0.33m @ 33.31g/t gold
DDH 88-01 1.52m @ 4.42 g/t gold
DDH 88-02 0.46m @ 11.04 g/t gold
DDH 89-04 0.92m @ 5.59 g/t gold
The 2,000 hectare Ore Hill property encompasses two historic gold mines, the Ore Hill Mine and
the adjacent Summit Mine. The properties were initially staked in 1901. Production was
sporadic but between 1906 and 1940, a total of 3,335 tonnes of ore were mined at a grade 34.7
g/t gold, 60.7 g/t silver, 2.82% lead and 2.66% zinc (BC Minfile 82FSW054 & 082FSW053).
In 1988 and 1989 Baloil Lassiter Petroleum optioned the Summit Mine and explored the historic
workings with 10 short diamond drill holes. F our of the holes; 88-1, 2, 4 & 9 intersected
significant gold grades within a conformable, dol omitized, breccia zone that is up to 10 metres
wide. The breccia zone trends at an oblique angle of 35 o to the historic veins but follows a gold
soil and rock chip anomaly that has been traced for 1,500 metres across the property, (see news
release of Nov 14, 2018 and Mar 18, 2019). Gold assays for the four holes are tabled below:
Summit Mine Drilling 1988‐89
Hole_ID UTM E UTM N Sample Length_m Gold_g/t
88‐1 489321 5440952 0.30 7.20
88‐1 489321 5440952 1.52 4.42
88‐2 489284 5440990 0.46 11.04
88‐2 489284 5440990 0.30 8.64
89‐4 489327 5440998 0.92 5.59
89‐9 489353 5441020 0.30 2.47
89‐9 489353 5441020 0.32 2.19
(Assays are taken from 1990 Summit-Ore Hill property report by D.L. Cooke and Associates.)
In 1990 Yellowjack Resources tested the soil anomaly on the Ore Hill property 150 metres north
of the Summit Mine workings, with a 298 me tre long diamond drill ho le (DDH90-1). The hole
successfully intersected 5 gold be aring zones across 215 metres of core from 45.7 metres to
260.3 metres. All five intersections occur below th e depth of the lowest level of mining in the
Summit Mine. Gold assays and intersection widths for hole DDH90-1 are as follows:
Ore Hill Drill Hole 90‐1 UTM 489400E 5441150N
Hole_ID From_m To_m Sample Length_m Gold_g/t
OH90‐1 45.72 48.77 3.05 0.72
67.05 70.10 3.05 8.09
210.3 216.40 6.10 2.91
Including 210.3 212.1 1.90 8.49
and 211.8 212.1 0.30 33.31
235.6 236.2 0.60 12.74
257.6 260.3 2.70 4.39
(Assays are taken from 1990 Ore Hill drill hole log by D.L. Cooke and Associates.)
In 1991 Yellowjack Resources drilled 8 holes near the Ore Hill mine workings 400 metres north
of the Summit Mine. The holes tested a parallel horizon 100 metres east of the favorable breccia
zone and the associated gold soil anomaly. No precious metal valu es were intersected but three
holes intersected high grade lead and zinc mine ralization in a conformable massive sulphide
body. The Yellowjack drill results are as follows:
Ore Hill 1991 Drill Holes Intersections
Hole_ID UTM E UTM N Sample
Length_m Lead % Zinc %
OH91‐1 489517 5441270 1.5 5.36 10.03
OH91‐2 489518 5441269 0.60 6.38 4.70
OH91‐4 489534 5441320 1.0 11.50 11.55
(Assays are taken from 1991 Ore Hill drill hole logs by D.L. Cooke and Associates.)
When gold prices plummeted in 1992 work on the Ore Hill and Summit Properties was
suspended. No additional property work was done until the recent mapping and geochemical
work commenced in 2017 (see news releases of Nov 14, 2018, Mar 18, 2019, and Mar 25, 2019).
This review indicates that the Ore Hill property has potential for discovery of an important new
style of gold mineralizati on within a conformable breccia zone as well as new reserves in the
veins below the historic worki ngs. The historical information also suggests the property has
potential for stratiform lead-zinc mineralization similar to the ne arby Jersey lead-zinc mine. The
Jersey Mine, located 5 km west of Ore Hill, was BC’s second largest zinc mine. A program of
trenching, diamond drilling, geological mapping, and geochemical sampling is planned for Ore
Hill. The property is fully permitted for the planned program.
Readers are cautioned that the grades and pr oduction figures quoted in this release are
historical in nature and are based upon a variety of pre-NI 43-101 Standards for Disclosure
sources, none of which can be verified at this time. The relationship between true widths
and reported core length intervals is unknown at this time.
The contents of this news release have been reviewed and approved by Apex's consulting
geologist, Perry Grunenberg, P.Geo. Perry Grunenberg is a "Qualified Person" for the purpose of
NI 43-101. 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: [email protected] or [email protected]
This release was prepared by Apex's management. Neither TSX Vent ure Exchange nor its Regulation Services Provider (as the term is defined in
the policies of the TSX Venture Exchange) a ccepts responsibility for the adequacy or accu racy of this release. This news releas e 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 expect s are forward-
looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonabl e assumptions,
such statements are not guarantees of future performance and act ual 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 inclu de 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 guarant ees of future performance and th ose actual results or developme nts may differ
materially from those projected in the forward-looking statemen ts. 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.