Apex Resources Extends Gold Mineralization With Diamond Drilling at Ore Hill
APEX RESOURCES INC.
Suite 500 – 666 Burrard Street
Vancouver, B.C. V6C 2X8
www.apxresources.com
November 17, 2020 TSX Venture Exchange Symbol: APX
Apex Resources Extends Gold Mineralization With Diamond Drilling at Ore Hill
November 17, 2020, Vancouver, BC., Apex Resources Inc. ("Apex”) (TSXV: APX) is pleased to
announce that diamond drilling at its Ore Hill pr operty in southeastern BC has extended the
gold-bearing zone intersected in its initial two 2019 diamond drill holes (see Dec 17, 2019 news
release). Final assays have been received for Hole OH20-4 collared 100 metres south of previous
hole OH19-2. Five zones of gold enrichment were intersected in the hole. The highlight of the
assays in hole OH20-4 was a 30 cm intercept that returned 32.90 g/t gold within a 4.63 metre
section that assayed 2.76 g/t.
Gold assays and intersection widths for diamon d drill hole OH20-4 are ta bled below. There is
presently insufficient information to determine how intersection widths relate to true widths.
Gold Assays - Ore Hill Drill Hole OH20-04
Hole_ID From_m To_m Length_m Gold_g/t
OH20-4 57.0 59.0 2.00 0.656
95.0 96.15 1.15 0.645
137.75 138.2 0.45 0.589
147.87 152.5 4.63 2.76
Including 147.87 148.93 1.06 11.02
Including 147.87 148.17 0.30 32.90
182.07 182.25 0.18 3.40
Hole OH20-4 was collared at UTM coordinates 489374 E 54 41063 N and drilled to a depth of 222.0 metres at
a dip of -90 o. Hole OH20-3 collared at the same location as OH20-4 was drilled into the
unmineralized wall rocks to the east of the mineralized zone. Hole OH20-3 was drilled to a depth
of 97.6 metres at a dip of -50 o and a bearing of 160 o. The hole was unmineralized but provided
important geological information.
Assays are pending for an additional 8 drill holes with a combined total of 1,255.0 metres of NQ
core.
The 2,000 hectare Ore Hill Property is located 45 k ilometres south of the town of Nelson, BC in
the historic Sheep Creek gold mining camp. The property covers worki ngs of the former Ore
Hill, Summit and Bonanza mines. The present drill program is i nvestigating a 1,500 metre-long
gold in soil anomaly that extends north and south from the historic Summit Mine. Rock chip
sampling completed in 2017 and 2018 obtained a number of high-grade gold assays, along the
trace of the gold soil anomaly indi cating an extensive mineralizing system with significant size
and strength.
Qualified Person and Quality Control
The Ore Hill program is planned and supervised by Apex's consulting geologist, Perry
Grunenberg, P.Geo. Perry Grunenberg is a "Qualified Person" for the purpose of NI 43-101 and
has read and approved the contents of this news release. In th e field, permit approved drill hole
collar locations are determined with a hand-he ld GPS unit having an accuracy of +/- three
metres. Collar sites are marked for later conventional surveying.
On site, the core is delivered to the Company's secure facility in Salmo, BC where it is logged,
split, tagged, sealed and shipped for analysis. The Company's consulting geologists, Bernhardt
Augsten, P.Geo. and Patrick Williams log and supervised the splitting, sealing and shipping of
the samples for assay. Quality control is monitored by the insertion of certified standard
reference materials and blanks at regular interv als into each sample shipment. For future
reference, half of all drill cores was retained a nd is stored at the Company's secure facility in
Salmo, BC.
Drill core samples are shipped via ground transport to the ALS Global - Geochemistry Analytical
Lab in North Vancouver, BC, for analysis fo r gold and an additional 35 elements. The ALS
facility is accredited to the ISO 9001:2015 standard for analytical methods.
In the laboratory, the entire sample is cr ushed to 70% less than 2mm and 250 grams are
pulverized. Analysis for gold is by 30g fire assay fusion with an atomic absorption (AAS) finish
having a lower limit of 0.01 ppm and upper limit of 50 ppm. Samples with visible gold are re-
analyzed using a 500g screen metallic fire assay. All samples are also analyzed by a 35 multi-
elemental Inductively Coupled Plasma (ICP) geochemical package.
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 Vent ure Exchange nor its Regulation Services Provider (as the term is defined in
the policies of the TSX Venture Exchange) a ccepts responsibility for the adequacy or accu racy of this release. This news releas e 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 expect s are forward-
looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonabl e assumptions,
such statements are not guarantees of future performance and act ual 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 inclu de 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 guarant ees of future performance and th ose actual results or developme nts may differ
materially from those projected in the forward-looking statemen ts. 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.