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Apex Resources Expand Ore Hill Gold Targets
(via TheNewswire) March 25, 2019 / TheNewswire / Vancouver, BC - Apex Resources Inc. (...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Expand Ore Hill Gold Targets(via TheNewswire)\n \n \nMarch 25, 2019 / TheNewswire / Vancouver, BC - Apex Resources Inc. (\"Apex\" ) (TSXV: APX) is pleased to report that ongoing data compilation of its Ore Hill gold property has defined a large airborne magnetic anomaly located along the eastern margin of a recently identified, 10 metre wide, gold bearing shear zone (refer to News Release of March 18, 2019). The geophysical target is 2.5 km in length and extends to the north and south of the known limits of the mineralized shear thereby expanding the area of interest (see map below).\n\n\n \nThe magnetic anomaly was discovered by a Heliogeotem survey that was flown over Apex's adjacent Jersey Pb-Zn property by Fugro in 2009. The survey lines extended over the area of the present Ore Hill claims. The geophysical survey results show two, linear, north-south trending magnetic bodies on the Ore Hill property. The western magnetic anomaly closely parallels gold-bearing structures that have returned significant assays from rock sampling, suggesting a relationship between the magnetic highs and gold mineralization. The eastern magnetic anomaly runs parallel to the western anomaly but extends for 4.0 km across the property. No recent soil sampling or prospecting has been completed over this second geophysical target. Historic veins belonging to the former Queen mine are located at the north end of this second magnetic feature suggesting it too may be associated with gold mineralization. \n\n\n \nApex geologists have recommended a two-phase work program for 2019 that will focus on the recently identified shear hosted mineralization and the associated geophysical targets. Phase One will involve detailed geological mapping and sampling to locate the historic workings and confirm the assays reported in 2017-18. Soil sampling and a magnetometer geophysical survey will be carried out over the Heliogeotem targets to help define targets for phase two. Phase Two will involve mechanized trenching, and 1,000 metres of diamond drilling at five drill sites. \n\n\n \nThe Ore Hill property is located 5 km east of the Jersey Mine in the southern portion of the Sheep Creek Gold District, British Columbia's third largest Orogenic gold district. The property covers the historical Ore Hill, Summit and Bonanza workings (refer to News Release ...