Apex Resources Confirms Gold-Silver Mineralization on its Red Ridge Property with Assays to 22.3 g/t Gold and 2,190 g/t Silver Expands Claim Holdings
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
September 21, 2017 TSX Venture Exchange Symbol: APX
Apex Resources Confirms Gold-Silver Mineralization on its Red Ridge Property
with Assays to 22.3 g/t Gold and 2,190 g/t Silver
Expands Claim Holdings
September 21, 2017, Vancouver, BC - Apex Resources Inc. ("Apex" or the "Company)
(TSXV: APX) is pleased to announce that due to the success of its Phase 1 exploration program
on the Red Ridge Gold-Silver Property, located 45 kilometres south of Whitehorse in the Yukon
Territory, the Company has expanded its claim holdings.
A rock chip and soil geochemical samp ling program completed in August by Aurora
Geosciences Ltd. of Whitehorse, YT has confirmed and expanded a number of historic gold and
silver showings on the Red Ridge property.
The 2017 soil and rock geochemical results are consistent with historic gold and silver grades
obtained over adjacent and overlapping soil grids. The geochemical soil grid on the Red Ridge
property now tests an area measuring 4.1 kilometres in length by 1.5 kilometres in width with a
total of 1,525 soil samples. The soil results show a number of anomalous zones of elevated gold
and silver values of 25 to 2,370 ppb gold and 1.0 to 36.0 ppm silver within the 6.0 square km soil
grid (please see http://www.sultanminerals.com/s/Red_RidgeMaps.asp).
The largest and strongest areas of gold and silver soil enrichment are centred on the Saddle Zone
and the Western Zone showings. The Saddle Zone anomaly is a 1.5 kilometres long north-south
trending zone centred on the Saddle showing but also encompassing the Don and Vance Zones.
This soil anomaly is up to 300 metres wide and extends to the north and south edges of the soil
grid. The Western Zone soil anomaly is an irregular area of gold and silver enrichment that
exceeds 1.5 kilometres in diameter. This anomaly is centred on the Western Zone showing but
extends east to encompass the Miller Zone.
Previous exploration has reported eight mineralized zones, Western, Miller, Saddle, Don, Vance,
East, Moly and North Slope to exist on the property (refer to news release of October 12, 2016).
Five of these historical showings, the East, Don, Vance, Saddle and Western were located and
sampled during the Phase I program. The following table shows results of several higher grade
rock grab and chip samples collected from these showings.
Showing Sample Number Sample
Width (m) Gold g/t Silver g/t Copper %
East Zone 611305 Grab 0.196 1,945.0 2.15
611306 Grab 0.036 77.1 0.11
611324 Grab 0.229 223.0 -
Vance Zone 611576 Float 6.390 2,190.0 -
Don Zone 611574 Float 1.466 402.0 -
611473 1.00 m 1.800 242.0 -
Saddle Zone 611316 2.00 m 1.832 11.2 -
611317 Grab 0.690 158.0 -
611318 2.00 m 1.945 5.1 -
611319 Grab 22.300 87.2 -
611320 Grab 2.047 3.6 -
611321 Grab 1.666 508.0 0.14
Western Zone 611552 Grab 0.086 43.0 1.47
611572 Float 0.358 14.8 1.29
611586 Grab - - 0.24
Results of the present program have confirmed the historical showings and suggest there to be
mineral zoning across the 4.1 kilometer long sample grid. These preliminary rock sample results
show higher gold values in the Saddle, Vance and Don zones, while silver values are highest in
the East and Vance zones and copper values are higher in the Western Zone. True widths of the
many mineralized showings could not be accurately determined due to extensive overburden
cover and sluffing of the historic trenches. Excavator trenching followed by diamond drilling
will be required to determine the geometry and true width of the mineralized zones.
Soil sample results suggest that the showings may be surrounded by extensive zones of gold and
silver mineralization that was not previously recognized. In order to secure these extensions
Apex has expanded the property with the staking of an additional 1,100 hectares of mineral
claims, nearly tripling the size of the original claim block to a total of 1,630 hectares.
An expanded exploration program consisting of IP and magnetometer geophysical surveys and
excavator trenching is planned for Phase 2 in order to prepare these targets for diamond drill
testing.
The 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.
For further information on Apex'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 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.