Apex Resources Commences Exploration on its Ore Hill Gold Project, BC
APEX RESOURCES INC.
Suite 500 – 666 Burrard Street
Vancouver, B.C. V6C 2X8
www.apxresources.com
August 12, 2020 TSX Venture Exchange Symbol: APX
Apex Resources Commences Exploration on its Ore Hill Gold Project, BC
August 12, 2020, Apex Resources Inc. ("Apex”) (TSXV: APX) is pleased to announce that the
2020 exploration program is now underway on its Ore Hill Gold Property, located near Salmo in
southeastern British Columbia. Exploration work will fo cus on the 2019 discovery zone where
drilling intersected several high -grade gold zones including 289.97 g/t gold over 0.30 m in drill
hole OH19-1 (see Dec 17, 2019 News Release).
The initial phase of this year's exploration program is budgeted for $200,00 0 and will consist of
detailed geological mapping, trenching and diamond drilling in the 2019 discovery area.
Reconnaissance exploration will also continue throughout the length of the 1.5 kilometre long
gold in soil anomaly.
The Ore Hill property is locat ed 45 kilometres south of the town of Nelson, BC in the histo ric
Sheep Creek Gold District. The property contains polymetallic gold bearing quartz veins that
were initially staked in 1901. Several veins have been explored with nine adits and over 1,200
metres of underground development. Between 1906 and 1940, a total of 3,335 tonnes of ore were
mined at an average grade of 34.7 g/t gold and 60.7 g/t silver (BC Minfile 82FSW054 &
082FSW053). Recent exploration includes a soil geochemical sampling survey, mapping and
sampling programs carried out in 2017 and 2018 ( News Release dated Nov. 14, 2018 ) and 500
metres of diamond drilling by Apex in 2019. These recent exploration programs demonstrated
potential for widespread gold and silver mineralization along a 1,500 metre long gold in soil
anomaly on the property.
Apex believes that the Ore Hill Zone represents a unique, new deposit type within the historic
Sheep Creek Gold District. Located just 15 kilom eters from the town of Salmo, the road
accessible property has excellent infrastructure that includes a nearby skilled workforce, power
and water.
The Company has contracted Critchlow Enterprises Ltd. of Salmo, BC to complete 1000 metres
of diamond drilling planned for the initial program. An existing, decommissioned access road is
currently being opened into the 2,000 hectare property. Mr. Bernard Augsten, P.Geo., of Nelson,
BC has been contracted for the geological program and diamond drilling is expec ted to
commence by mid-August.
Apex’s Ore Hill exploration program is being conducted under the supervision of Perry
Grunenberg, P.Geo. Perry Grunenberg, is a "Qualified Person" for the project and has read and
approved the contents of this News Release.
About Apex Resources Inc.
Apex is a Canadian mining exploration and development company focused on British Columbia
and the Yukon Territories. Apex has a portfolio of quality properties including:
1. The Mount Anderson gold-silver property in the Yukon.
2. The Kena-Daylight gold property in southern BC under option to Prize Mining Corp.
3. The Jersey-Emerald tungsten-zinc property in southern BC.
4. The Ore Hill gold property in southern BC.
Apex management has a track record of mine discovery that includes the discovery and
development of the renowned Hemlo Gold Mine in Ontario and the Mengapur copper -gold-
molybdenum por phyry deposit (225Mt @ 0.59% Cu equivalent) in Malaysia now under
development by Monument Mining Ltd.
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 rele ase 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 expe cts 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 develop ments 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.