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Apex Resources Receives NI 43-101 Technical Report Recommending Aggressive 2 Phase Exploration Program for its Mt. Anderson Gold Project, Yukon
(via TheNewswire) Vancouver, BC / TheNewswire / February 1, 2018 - Apex Resources Inc. ("...
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[{"type":"text","content":"Apex Resources Receives NI 43-101 Technical Report Recommending Aggressive 2 Phase Exploration Program for its Mt. Anderson Gold Project, Yukon(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / February 1, 2018 - Apex Resources Inc. (\"Apex\" or the \"Company\") (TSXV: APX) announces it has received an independent NI 43-101 Technical Report for its 100% owned Mt. Anderson Gold-Silver Property located in southwestern Yukon Territory, Canada. The report was prepared by Carl Schulze, P. Geo, of Aurora Geosciences Ltd., (\"Aurora\") Whitehorse, Yukon, following the successful completion of the Company's 2017 exploration program (see News Release dated October 11, 2017). The report recommends an aggressive two phase exploration program: a $242,000 Phase 1 target definition program to be followed by a $497,000 Phase 2 drilling program. \n\n\n \nIn the NI 43-101 Technical Report, Aurora states that the property hosts numerous mineralized zones: \n\n\n \n-the 47-Zone, consisting of vein-style high grade Au-Ag-Pb-Zn-Cu mineralization; \n\n\n \n-the Adanac Zone, comprising polymetallic vein and skarn mineralization; \n\n\n \n-the Ridge Zone, consisting of vein-style polymetallic precious and base metal mineralization, and \n\n\n \n-the Rob and Fleming skarns, comprising Cu-Pb-Zn metasomatic mineralization.\n\n\n \nAurora reports that two main deposit setting models have influenced mineral emplacement at Mt. Anderson. The first deposit model is intrusion-related mineralization, emanating from the Mt. Anderson hornblende granodiorite. The second deposit model is hydrothermal mineralization associated with distal Eocene dyke emplacement originating from the Mount Skukum Volcanic Complex to the west. The Rob and Fleming skarns belong to the intrusion-related model, whereas the 47-Zone belongs to the Mount Skukum model whilst the Adanac Zone represents a hybrid of both settings.\n\n\n \nThe report recommends a two-phase exploration program for the Mount Anderson property. The first phase will comprise surface exploration to develop diamond drilling targets, whilst a second phase will comprise diamond drilling. \n\n\n \nPhase 1 is recommended to focus on detailed geological mapping and rock geochemical sampling of the 47-Adanac Trend, extending beyond the Whirlwind Zone, and in the historic Ridge Zone area. Induced Polarization (IP) chargeab...