Apex Resources Engages Renaissance Geoscience Services Inc. to Undertake Updated Resource Estimates for its Emerald Tungsten and Kena Gold projects.
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
February 13, 2020 TSX Venture Exchange Symbol: APX
Apex Resources Engages Renaissance Geoscience Services Inc. to Undertake
Updated Resource Estimates for its Emerald Tungsten and Kena Gold
projects.
Apex Resources Inc. (APX - TSX Venture) ("Apex" or the "Company") is pleased to report that it has
engaged Leopold J. Lindinger, P.Geo. of Renaissance Geoscience Services Inc. ("Renaissance") to
prepare updated resource estimates for the East Emerald tungsten deposit on its Jersey-Emerald Property
and for the Kena and Gold Mountain zones on its Kena-Daylight Gold property. Both properties are
located in southeastern British Columbia. Leopold Lindinger, has 35+ years of experience in the mining
industry including 5 years as an open pit mine geologist and grade control technician, and 3 years of
underground gold mining experience. He is a Senior Associate geologist with Watts, Griffis and McOuat
Ltd. he has extensive Canadian and International mining and mineral exploration experience.
The Jersey-Emerald property is located 45 km south of the town of Nelson in southeastern BC. The
property is host to the former Emerald Tungsten Mine, Canada's second largest tungsten mine and the
historic Jersey Lead-Zinc Mine, British Columbia's second largest lead-zinc producer. Significant zones
of remnant mineralization exist in the historic tungsten workings (News Release of May 23, 2007). In
2006 Apex discovered a large new tungsten deposit, the East Emerald deposit, on the property (News
Release of Mar 6, 2006). Drilling in 2014 traced the deposit for 1,200 metres along strike and 200 metres
in width with 74 NQ diamond drill holes. The present study will use the results of these drill holes to
calculate an updated tungsten resource estimate for the property. The updated resource estimate will also
incorporate updated topography based on a 2017 Lidar survey.
The Kena property is located 25 km north of the Jersey-Emerald property. The property is under option
to Boundary Gold and Copper Mining Ltd who may earn 80% interest in the property by completing $2.5
million in property exploration by October 3, 2022. In 2004 a now historic NI43-101 Technical Report on
the Gold Mountain and Kena Gold showed a measured and indicated resource of 381,000 ounces of gold
and an additional inferred resource of 389,000 ounces of gold. This resource estimate was based on 115
drill holes and showed an average grade of 1.0 g/t gold using a cut off grade of 0.50 g/t gold (News
Release dated June 7, 2004). The deposits are exposed on surface and remain open along strike and at
depth. The deposits have since been expanded with 7,527 metres of NQ diamond drilling in 41 drill holes
completed in 2012. The updated resource estimate will incorporate these and older drill results with
updated topography based on a recent Lidar survey.
The resource estimate program will involve site visits, drill core inspections and core sampling by
Renaissance. The program will commence immediately. Preliminary reports are expected by early April.
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.