Apex Resources Reports Assays to 63.7 g/t Au From Phase 1 Drilling on its Daylight JV Gold Project, BC.
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
January 22, 2018 TSX Venture Exchange Symbol: APX
Apex Resources Reports Assays to 63.7 g/t Au From Phase 1 Drilling on its
Daylight JV Gold Project, BC.
January 22, 2018, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) is pleased
to report that its Joint Venture partner, Prize Mining Corp ("Prize or the "Company") (TSX -V:
PRZ) has released final assay results from its initial drilling program on the Daylight Property
located in southeastern, BC.
Encouraging assay results have been obtained from an 18 -hole drill program which tested a
number of targets identified from a combinat ion of soil geochemical anomalies, elevated surface
rock sample results, geophysical indicators, historical drilling records and surface workings.
Drilling Highlights from the 2017 Program Include:
- Hole DL17005 which intersected 63.7 g/t gold over 0.9 metres at 46.4 metres depth on
the Great Western zone. Above this interval, results returned 32.6 metres of 1.16 g/t
gold hosted in strongly altered granodioritic rock of the Jurassic Silver King Formation
(“Jsk”). This intercept includes 0.5 metres of 20.9 g/t gold, 0.79 metres of 11.6 g/t gold
and 0.6 metres of 10.3 g/t gold associated with vuggy quartz-carbonate veins containing
semi-massive pyrite and blebby chalcopyrite.
- Hole DL17007 which intersected 1.09 g/t gold over 71.22 metres at 74.28 metres depth
in strongly altered Jsk. This interval includes 0.5 metres of 7.36 g/t gold and 4.91
metres of 4.39 g/t gold with a 0.48 metre spike of 21.2 g/t gold associated with quartz-
carbonate veining/swarms containing pyrite and chalcopyrite. Also in DL1700 7, is a
deeper 19 metre intercept of 1.0 g/t gold intersected at 168 metres depth.
- Hole DL17016 which intersected 5.77 g/t gold over 1.00 metres at 136.00 metres depth
on the Daylight zone. The intersection occurs within a 5 metre intercept of 2.76 g/t gold
from a set of quartz-carbonate veins hosted in intermediate to mafic volcanic rocks.
Feisal Somji, Prize’s Chief Executive Officer, commented “These encouraging results confirm
the presence of significant widths of mineralization along both the Great W estern/Eastern and
Victoria/Starlight/Daylight zones on the Daylight Property. We are particularly excited by the
high-grade shoots located within the broad zones of gold mineralization. We are eager to start a
follow up drilling program based on the results of the drill program.”
Daylight Drilling Results
The following table sets out all significant assay results of the drill program.
HOLE
ID
FROM
(M)
TO
(M)
WIDTH*
(M)
AU
(g/t)
AG
(g/t)
ZONE
DL17001 44.00 44.52 0.52 2.71 4.09 Victoria
and 52.07 52.38 0.31 0.75 145.53 Victoria
DL17002 64.55 65.12 0.57 1.04 7.39 Victoria
and 75.43 93.00 17.57 0.58 Victoria
including 92.10 93.00 0.90 2.60 3.91 Victoria
DL17003 17.50 18.00 0.50 7.31 11.48 Starlight
and 50.37 50.84 0.47 4.75 4.46 Starlight
and 53.41 53.87 0.46 0.92 0.54 Starlight
and 79.00 80.00 1.00 1.04 2.35 Starlight
DL17004 99.55 100.12 0.57 1.88 1.54 Starlight
DL17005 7.40 40.00 32.60 1.16 Great Western
including 9.30 9.80 0.50 20.9 32.53 Great Western
including 18.21 19.00 0.79 11.6 28.56 Great Western
including 30.00 30.60 0.60 10.3 8.87 Great Western
and 46.40 47.30 0.90 63.7 24.43 Great Western
and 64.07 66.00 1.93 1.72 2.11 Great Western
DL17006 113.00 115.00 2.00 2.56 3.81 Great Western
DL17007 17.00 19.00 2.00 1.12 0.99 Great Western
and 64.48 64.96 0.48 1.54 0.73 Great Western
and 74.28 145.50 71.22 1.09 Great Western
including 80.50 81.00 0.50 7.36 18.83 Great Western
including 128.32 128.80 0.48 21.2 45.05 Great Western
and 168.00 187.00 19.00 1.00 Great Western
including 176.34 176.84 0.50 9.0 7.08 Great Western
DL17011 59.09 60.35 1.26 3.21 4.67 Great Eastern
and 90.00 91.06 1.06 5.76 10.84 Great Eastern
and 125.00 126.06 1.06 1.37 2.49 Great Eastern
and 138.00 139.20 1.20 1.28 2.78 Great Eastern
and 142.00 143.00 1.00 1.06 1.91 Great Eastern
DL17016 95.21 96.50 1.29 1.15 0.42 Daylight
and 136.00 141.00 5.00 2.76 Daylight
including 136.00 137.00 1.00 5.77 2.73 Daylight
*Widths indicated in the above table are drill core intercepts. Drill hole alignment was designed
to intersect mineralization at near perpendicular orientations; however the core intervals listed in
the above table do not represent true widths.
Diamond Drilling and Sampling Procedures:
The Company engaged TerraLogic Exploration Inc. (“TerraLogic”) of Cranbrook, B.C. as
contractor to carry out the drill program recently completed on each of the Daylight and
Toughnut Properties.
All samples were assayed by Bureau Veritas, in Vancouver BC. Analytical packages utilized a
strong acid ICP analysis (MA250) and gold fire -assay analysis on a large 50g split (FA450).
Gravimetric analysis (FA550) were carried out on any over detection gold assays greater than 10
g/t.
Quality Control:
The Company follows a rigorous Quality Assurance/Quality Control program over the chain -of-
custody of samples and the insertion of standards, blanks and duplicates into the sample stream
submitted to the lab oratory for analysis. TerraLogic personnel maintained a rigorous and
independent QA/QC program throughout the duration of the core sampling program. Standards
were inserted every 20 samples and duplicate samples of suspected high grade intervals were
always followed by blanks to ensure smearing effect was not an issue.
Bureau Veritas is wholly independent of Prize Mining and TerraLogic and is accredited under
CAN-P-4E (ISO/IEC 17025): General Requirements for the Competence of Testing and
Calibration Laboratories ISO/IEC 17025-2005
Jarrod Brown, P.Geo., of TerraLogic, a Qualified Person under NI 43 -101, is the Company’s
nominated qualified person responsible for monitoring the supervision and quality control of the
programs completed on the Company’s prope rties. Mr. Brown has approved and verified the
scientific and technical information in this news release based through his experience with the
Daylight Property in general.
About Apex Resources Inc.:
Apex is a Canadian gold exploration and development company focused on British Columbia
and the Yukon Territories. Apex has a portfolio of quality properties including:
1. The 1.9 million ounce Kena-Daylight gold property under option to Prize Mining Corp.
2. The Jersey-Emerald tungsten-zinc property under option to Margaux Resources Ltd.
3. The Mount Anderson gold-silver property in the Yukon.
4. The Red Ridge gold-silver property in the Yukon.
5. The Cloud, Eldorado and Wild properties in BC's Golden Triangle.
Apex management has a track record of mine discovery that includes the discovery and
development of the renowned Hemlo Gold Mine in Ontario.
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 perfo rmance 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.