Apex Resources Provides Exploration Update for its Ore Hill Gold Project, BC
APEX RESOURCES INC.
Suite 500 – 666 Burrard Street
Vancouver, B.C. V6C 2X8
www.apxresources.com
October 13, 2020 TSX Venture Exchange Symbol: APX
Apex Resources Provides Exploration Update for its Ore Hill Gold Project,
BC
October 13, 2020, Apex Resources Inc. ("Apex”) (TSXV: APX) is pleased to announce that
1,600 metres of NQ diamond drilling in 10 holes have been completed on its Ore Hill Gold
Property in southeastern British Columbia. The drill program is testing a 1,500 metre-long, gold
in soil anomaly where a preliminary, two-hole drill program in 2019 intersected several
significant new gold zones including 289.97 g/t gold over 0.30 m (see Dec. 17, 2019 News
Release).
A mapping and sampling program in 2017-2018 demonstrated the potential for widespread
mineralization along the soil anomaly. The 2017-18 program returned gold values of 1.0 gram
per tonne (g/t) gold or better for 33 surface grab samples taken along a 1,000-metre section of the
soil anomaly. Fifteen of the samples returned greater than 10.0 g/t including 119 g/t (or 3.8
oz/ton) and 105 g/t Au (or 3.4 oz/ton) (see Dec. 17, 2019 News Release).
In the current program, drill stations are situated at 50- to 80-metre intervals along the soil
anomaly. Drilling has now successfully tested a 500-metre section of the soil anomaly at 7 drill
stations located between the historic Summit mine to the south and the historic Ore Hill mine to
the north. The favourable geology trends through the area tested and the company plans to
extend drilling to the south.
The core is presently being logged and split at the company's secure core storage facility in
Salmo, B.C. by consulting geologists, Bernhardt Augsten P.Geo. and Patrick Williams P.Geo.
The QA/QC samples are also being prepared, sealed and maintained in custody before being
shipped via ground transport to the ALS Global - Geochemistry Analytical Lab in North
Vancouver, BC, for analysis for gold and an additional 35 elements. The ALS facility is
accredited to the ISO 9001:2015 standard for analytical methods.
The Ore Hill property is located in the historic Sheep Creek Gold Mining Camp. The Sheep
Creek camp has reported historic production of 780,000 ounces of gold at an average grade of
14.4 g/t. Sheep Creek mineralization is comprised of high-grade gold veins similar to the
Barkerville Gold camp located in a similar geologic setting 550 km to the northwest.
Apex’s Ore Hill exploration program is being conducted under the supervision o f Perry
Grunenberg, P.Geo. Mr. Grunenberg, is a "Qualified Person" for the project and has read and
approved the contents of this news release.
Apex is currently in the process of a non -brokered private placement offering to finance an
expanded exploration program (see Sept. 16, 2020 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 Boundary Copper and
Gold Mining Ltd.
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 t he 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 t hat 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.