Business
Apex Investigation Reveals 24.98 g/t Au over 10.20 m in Historic Drill Hole E1411 on Its Holdings in Southern British Columbia, Canada
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Apex Resources Inc. (TSXV: AP...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Investigation Reveals 24.98 g/t Au over 10.20 m in Historic Drill Hole E1411 on Its Holdings in Southern British Columbia, CanadaVancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Apex Resources Inc. (TSXV: APX) (OTC Pink: SLMLF) (\"Apex\" or the \"Company\") is pleased to report the discovery of promising new and priority drill targets on Apex's precious and critical mineral holdings in southern British Columbia, Canada, determined during Apex's ongoing investigation of archival data sets initiated by shifting commodity prices and national interests. Previous exploration on Apex's Jersey-Emerald Property (the \"Property\") was largely directed at lead, zinc and tungsten mineralization, while the potential to host economic gold mineralization was largely overlooked. After beginning a preliminary assessment of archival data, a primary target area will be to further test proximal to a 2014 historical drill intercept of 24.98 g/T Au over 10.2 m (116.80-127.00m depth) in hole E1411, particulars of which are provided below: Hole IDEastingNorthingLength (m)AzimuthDipE14114839545439795191.0105-89 Approximately 850 m to the south-southeast of that drill intercept is a bismuth gold zone, which is exposed in underground workings on the east side of the Jersey Lead-Zinc mine. The Bismuth Gold Zone is a 9 - 20 m thick silicified horizon which is interpreted as part of a gold skarn system. It has been traced in underground workings and by drilling for a strike length of 200 m, with grades including 8 g/T over 0.96 m. Another new gold-silver target area is the Meadow View occurrence, where gold-silver mineralization occurs in siliceous limestone beds, with historical samples of 1.4 g/T Au, 2360 g/T Ag and 0.74% Cu reported1. This area was acquired in 2017 to become part of the Apex's property holdings. It is a new style of mineralization on the property and is untested by any modern exploration. Ron Lang, President & CEO noted, \"After retrieving historic records and beginning review, we have already seen new drill target areas on the Jersey-Emerald Property. We are satisfied there is great potential to discover even more information pointing to the remarkable open-ended potential for gold, silver, tungsten and other critical mineral targets located on our holdings in the southern West Kootenays of BC. With furt...