Apex Resources Completes Phase 1 Exploration ON Its Yukon GOLD- Silver Projects
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
August 14, 2017 TSX Venture Exchange Symbol: APX
APEX RESOURCES COMPLETES PHASE 1 EXPLORATION ON ITS YUKON GOLD-
SILVER PROJECTS
August 14, 2017, Vancouver, BC - Apex Resources Inc. (“Apex” or the “Company) (TSXV: APX) is
pleased to report that it has completed the planned Phase 1 exploration program on the Red Ridge and Mt.
Anderson precious metal properties in the Yukon Territory. The work program carried out in July and
early August involved mapping, prospecting, soil sampling and rock chip sampling of the two road
accessible properties. These work programs were carried out by Aurora Geosciences Ltd. of Whitehorse,
YT under direction of project manager Carl Schulze, P.Geo.
On the Red Ridge Property, an extensive soil sampling program was carried out in order to define and
expand a number of historic gold and silver showings. Preliminary sampling by Apex in 2016 confirmed
the reported high grade gold mineralization in several of the historic showings when assays ranging from
16 g/t to 16,271 g/t silver and 0.2 g/t to 23.4 g/t gold were obtained (see news release of Oct 12, 2016).
During the 2017 soil sampling program a number of mineralized bedrock showings were also encountered
and sampled. A total of 62 rock chip samples were taken from showings and significant alteration zones.
Assays are expected within the next 30 days.
On the Mt Anderson property a prospecting, mapping and rock sampling program focused on exploring
several areas of strong gold and silver soil geochemical anomalies discovered by a 4,600 sample soil
survey completed in 2011. The 2017 survey has resulted in the collection of 104 rock chip samples from
a number of new mineralized showings and historic workings. In 2011, previous property operator Gold
World Resources Inc. shipped a bulk sample from the property that contained 30.5 g/t Au, 532 g/t Ag,
9.1% Pb, 6.5% Zn and 0.5% Cu (see news release of Mar 1, 2017).
The Red Ridge and Mt. Anderson exploration programs are being conducted under the direct 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.
Kena Daylight Properties
On the company’s Kena and Daylight gold properties in southeastern BC, Apex’s joint venture partner
Prize Mining Corp. has engaged Terralogic Exploration Inc. of Cranbrook, BC to carry out its 2017
exploration program. The Phase I program is currently under way and includes an infill soil geochemical
program, strategic high-resolution ground based magnetic & VLF-EM geophysical surveys, and detailed
prospecting, geological and structural analysis.
Baseline environmental water quality sampling has also been initiated during Phase I in anticipation of
subsequent bulk sampling activities planned for the Daylight and Kena properties.
Prize Mining Corp has an option to acquire an 80% interest in Apex’s Kena and Daylight properties. To
exercise its option and earn its 80% interest in the project, Prize will make annual cash and share option
payments over 36 months totally $1,250,000 and issue 1,500,000 shares and complete $3,000,000 in
Kena Project related exploration expenditures over four years.
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 busines s 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.