MMI Results Confirm Gold Showings and Give Strong Copper and Zinc Targets at Mt Anderson Property, Yukon.
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
July 15, 2019 TSX Venture Exchange Symbol: APX
MMI Results Confirm Gold Showings and Give Strong Copper and Zinc
Targets at Mt Anderson Property, Yukon.
July 15, 2019, Vancouver, BC - Apex Resources Inc. ("Apex" ) (TSXV:APX) is pleased to
report that its consultant, Dallas Davis , has provided a number of reports and maps regarding
former geochemical, geological and metallurgical studies on its Mount Anderson Gold Property
located 55 kilometres south of Whitehorse, Yukon . After pursuing several avenues, Apex has
now been able to acquire the dig ital analytical results for 4,265 MMI geochemical samples
collected by a previous operator in 2011. Together with Apex’s acquisition of a large package of
airborne geophysical data plus recent work (geological, geochemical and induced polarization
geophysical surveys) completed by Aurora Geosciences Ltd. on behalf of Apex, strong multi -
disciplinary drill target definition is now underway.
The MMI soil results successfully outline the historical gold and silver targets. Surprisingly, the
MMI results also show extensive zones of elevated and highly anomalous copper and zinc values
on this 3,100 hectare property. Of particular interest are the Fleming and Rob Zones, the EPI
Vein Zone and the North Slope of Mt. Anderson. In these four areas, highly anomalous metal
values are found well beyond known showings suggesting the areas have potential for important
polymetallic mineralization that requires investigation (see attached maps).
Arthur Troup, President of Apex said: "We are extremely excited about this valuable information
package that Mr. Davis has provided for our Mt. Anderson property. The reports which
represent more than $1.0 million in exploration expenditures show there is potential fo r
polymetallic mineralization well beyond the historic showings that we have been exploring. We
are currently reviewing the massive data set which includes valuable geological, geophysical and
metallurgical information in addition to the geochemical data discussed in this release.
Apex’s recent exploration has focused on historical workings in the vicinity of the gold bearing
47 and Adanac Zones. Geological mapping and rock sampling programs in 2017 and an Induced
Polarization (IP) geophysical survey in 2 018 were carried out by Apex’s consultants, Aurora
Geosciences Ltd. of Yellowknife, NWT . The program s successfully confirmed and expanded
these historic gold and silver showings . Mapping and sampling program s returned rock chip
samples assaying as high as 67.0 g/t Gold and 2,058.0 g/t Silver . The IP survey successfully
delineated a large, strong and open ended geophysical target in the Adanac Zone area (see news
releases of Oct 11, 2017 and Aug 14, 2018).
Apex is plann ing a two phase exploration program to commence immediately. Phase 1 will
include completion of the data compilation work, followed by ground geological and
confirmation geochemical surveys in order to fully define the strongest drill targets. Phase 2,
which is contingent upon financing , will consist of approximately 1200 metres of diamond
drilling over the top ranked target areas in the 47 and Adanac gold zones, plus also test several of
the new multi-element target areas. The property is now fully permitted for diamond drill testing
The Mount Anderson exploration program is 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 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 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.