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Apex Resources Announces Drill Hole Data Review of its Ore Hill Gold Project
(via TheNewswire) August 19, 2019 - TheNewswire - Vancouver, BC - Apex Resources Inc. ...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Announces Drill Hole Data Review of its Ore Hill Gold Project(via TheNewswire)\n\n \nAugust 19, 2019 - TheNewswire - Vancouver, BC - Apex Resources Inc. (\"Apex\") (TSXV:APX) (OTC:SLMLD) is pleased to report results of a compilation of historic drill hole data from the Ore Hill Gold Project in southeastern British Columbia. This review suggests that the Ore Hill Property has potential for discovery of an important new style of gold mineralization within a conformable breccia zone that has been traced for 1,500 metres across the property. The study also suggests there may be potential for new reserves in the veins below the historic workings. Highlights of the study include the following historic drill intercepts:\n\n\n \n\n\n- DDH 90-01 3.05m @ 8.09 g/t gold\n\n\n\n- DDH 90-01 6.10m @ 2.91g/t gold\n\n\n\n- DDH 90-01 0.33m @ 33.31g/t gold\n\n\n\n- DDH 88-01 1.52m @ 4.42 g/t gold\n\n\n\n- DDH 88-02 0.46m @ 11.04 g/t gold\n\n\n\n- DDH 89-04 0.92m @ 5.59 g/t gold\n\n\n\n\n \nThe 2,000 hectare Ore Hill property encompasses two historic gold mines, the Ore Hill Mine and the adjacent Summit Mine. The properties were initially staked in 1901. Production was sporadic but between 1906 and 1940, a total of 3,335 tonnes of ore were mined at a grade 34.7 g/t gold, 60.7 g/t silver, 2.82% lead and 2.66% zinc (BC Minfile 82FSW054 & 082FSW053).\n\n\n \n In 1988 and 1989 Baloil Lassiter Petroleum optioned the Summit Mine and explored the historic workings with 10 short diamond drill holes. Four of the holes; 88-1, 2, 4 & 9 intersected significant gold grades within a conformable, dolomitized, breccia zone that is up to 10 metres wide. The breccia zone trends at an oblique angle of 35o to the historic veins but follows a gold soil and rock chip anomaly that has been traced for 1,500 metres across the property, (see news release of Nov 14, 2018 and Mar 18, 2019). Gold assays for the four holes are tabled below:\n\n \n \nSummit Mine Drilling 1988-89\n\n \n\nHole_ID\n\n\n\n\nUTM E\n\n\n\n\nUTM N\n\n\n\n\nSample Length_m\n\n\n\n\nGold_g/t \n\n\n\n\n88-1\n\n\n\n\n489321\n\n\n\n\n5440952\n\n\n\n\n0.30\n\n\n\n\n7.20\n\n\n\n\n88-1\n\n\n\n\n489321\n\n\n\n\n5440952\n\n\n\n\n1.52\n\n\n\n\n4.42\n\n\n\n\n88-2\n\n\n\n\n489284\n\n\n\n\n5440990\n\n\n\n\n0.46\n\n\n\n\n11.04\n\n\n\n\n88-2\n\n\n\n\n489284\n\n\n\n\n5440990\n\n\n\n\n0.30\n\n\n\n...