Business
Apex Resources Confirms Gold-Silver Mineralization on its Red Ridge Property with Assays to 22.3 g/t Gold and 2,190 g/t Silver Expands Claim Holdings
(via TheNewswire) September 21, 2017 / TheNewswire / Vancouver, BC - Apex Resources In...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Confirms Gold-Silver Mineralization on its Red Ridge Property with Assays to 22.3 g/t Gold and 2,190 g/t Silver Expands Claim Holdings(via TheNewswire)\n\n \nSeptember 21, 2017 / TheNewswire / Vancouver, BC - Apex Resources Inc. (\"Apex\" or the \"Company) (TSXV: APX) is pleased to announce that due to the success of its Phase 1 exploration program on the Red Ridge Gold-Silver Property, located 45 kilometres south of Whitehorse in the Yukon Territory, the Company has expanded its claim holdings.\n\n\n \n\n\n\n \nA rock chip and soil geochemical sampling program completed in August by Aurora Geosciences Ltd. of Whitehorse, YT has confirmed and expanded a number of historic gold and silver showings on the Red Ridge property.\n\n \n \nThe 2017 soil and rock geochemical results are consistent with historic gold and silver grades obtained over adjacent and overlapping soil grids. The geochemical soil grid on the Red Ridge property now tests an area measuring 4.1 kilometres in length by 1.5 kilometres in width with a total of 1,525 soil samples. The soil results show a number of anomalous zones of elevated gold and silver values of 25 to 2,370 ppb gold and 1.0 to 36.0 ppm silver within the 6.0 square km soil grid (please see http://www.sultanminerals.com/s/Red_RidgeMaps.asp).\n\n \n \nThe largest and strongest areas of gold and silver soil enrichment are centred on the Saddle Zone and the Western Zone showings. The Saddle Zone anomaly is a 1.5 kilometres long north-south trending zone centred on the Saddle showing but also encompassing the Don and Vance Zones. This soil anomaly is up to 300 metres wide and extends to the north and south edges of the soil grid. The Western Zone soil anomaly is an irregular area of gold and silver enrichment that exceeds 1.5 kilometres in diameter. This anomaly is centred on the Western Zone showing but extends east to encompass the Miller Zone. \n\n \n \nPrevious exploration has reported eight mineralized zones, Western, Miller, Saddle, Don, Vance, East, Moly and North Slope to exist on the property (refer to news release of October 12, 2016). Five of these historical showings, the East, Don, Vance, Saddle and Western were located and sampled during the Phase I program. The following table shows results of several higher grade rock grab and chip samples collected from these showings.\n\n...