Apex Resources Announces Exploration Plans for Mt Anderson and Red Ridge Gold-Silver Properties, Yukon
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
March 2, 2018 TSX Venture Exchange Symbol: APX
Apex Resources Announces Exploration Plans for Mt Anderson and Red
Ridge Gold-Silver Properties, Yukon
Vancouver, BC – March 2, 2018: Apex Resources Inc. (TSX-V: APX) ("Apex”) is pleased to
announce that preparations are now underway for the 2018 exploration program on its Mt.
Anderson and Red Ridge gold -silver properties, located near Carcross in southwestern Yukon
Territory, Canada. Exploration work will focus on several target areas where high grade go ld-
silver mineralization was outlined in 2017 (see news releases of Sep 21 , 2017, Oct 11, 2017 and
Feb 1, 2018).
The 3,100 hectare, road accessible, Mt. Anderson Property is located 55 kilometres south of
Whitehorse adjacent to the historic Mount Skukum gold mine. In 2017 a mapping and rock chip
sampling program completed for Ap ex by Aurora Geoscience s Ltd. of Whitehorse, YT returned
assays to 67.0 g/t Gold and 2,058.0 g/t Silver (Oct 11, 2017 News Release). The property is host
to five previously identified mineralized zones: the 47-Zone, the Adanac Zone, the Ridge Zone
and the Rob and Fleming skarns . Results from 2017 rock sampling indicate the 47 and Adanac
zones may represent trenched exposures of a larger mineralized trend.
A two-phase 2018 exploration program is presently planned for the Mount Anderson property.
Phase 1 will involve detailed geological mapping and sampling, Induced Polarization (IP)
surveying, a surface magnetometer survey and mechanized trenching. Phase 2 will comprise a
diamond drilling program of 1,400 metres on 9 drill sites. Location of theses drill sites will be
dependent upon the results from Phase 1.
The 1,630 hectare, road accessible, Red Ridge Property is located 45 kilometres south of
Whitehorse and 16 kilometres n orth of the Mt. Anderson property. In 2017 assays to 22.3 g/t
gold and 2,190 g/t silver were obtained from a surface sampling program (Sep 21, 2017 News
Release). There are eight historic gold and silver showings on the Red Ridge Property: the
Western, Miller, Saddle, Don, Vance, East, Moly and North Slope zones. A rock chip and soil
geochemical sampling program completed in August by Aurora Geosciences Ltd. of Whitehorse,
YT successfully confirmed and expanded a number of these historic showings.
A two -phase 2018 exploration program is presently planned for the Red Ridge Property. A
detailed report providing the details of the 2018 program is expected to be available by mid -
March.
Ms. Linda Dandy, VP Exploration for Apex, is presently working with Carl Schulze, P. Geo, of
Aurora Geosciences Ltd., in planning and permitting the 2018 exp loration programs for the two
properties. Permit applications for both properties have now been submitted and letters
describing the proposed programs have been forwarded to the Carcross -Tagish F irst Nation
(CTFN) and Kwanlin Dun First Nation.
The Mount Anderson and Red Ridge exploration programs are being conducted under the
supervision of Ms. Linda Dandy, P.Geo., Director. Ms. Dandy is a "Qualified Person" for the
purpose of NI 43-101 and has reviewed and approved the contents of this news release.
About Apex Resources Inc.:
Apex is a Canadian gold exploration and development company focused on British Columbia
and the Yukon Territories. Apex has a portfolio of quality properties including:
1. The 1.9 million ounce Kena-Daylight gold property under option to Prize Mining Corp.
2. The Jersey-Emerald tungsten-zinc property under option to Margaux Resources Ltd.
3. The Mount Anderson gold-silver property in the Yukon.
4. The Red Ridge gold-silver property in the Yukon.
5. The Cloud, Eldorado and Wild properties in BC's Golden Triangle.
Apex management has a track record of mine discovery that includes the discovery and
development of the renowned Hemlo Gold Mine in Ontario. 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 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.