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Apex Resources Reports Assays to 63.7 g/t Au From Phase 1 Drilling on its Daylight JV Gold Project, BC.
(via TheNewswire) January 22, 2018 / TheNewswire / Vancouver, BC - Apex Resources Inc....
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Reports Assays to 63.7 g/t Au From Phase 1 Drilling on its Daylight JV Gold Project, BC.(via TheNewswire)\n\n \nJanuary 22, 2018 / TheNewswire / Vancouver, BC - Apex Resources Inc. (\"Apex\") (TSXV: APX) is pleased to report that its Joint Venture partner, Prize Mining Corp (\"Prize or the \"Company\") (TSX-V: PRZ) has released final assay results from its initial drilling program on the Daylight Property located in southeastern, BC. \n\n\n \nEncouraging assay results have been obtained from an 18-hole drill program which tested a number of targets identified from a combination of soil geochemical anomalies, elevated surface rock sample results, geophysical indicators, historical drilling records and surface workings.\n\n\n \nDrilling Highlights from the 2017 Program Include: \n\n\n \n\n\n--Hole DL17005 which intersected 63.7 g/t gold over 0.9 metres at 46.4 metres depth on the Great Western zone. Above this interval, results returned 32.6 metres of 1.16 g/t gold hosted in strongly altered granodioritic rock of the Jurassic Silver King Formation (\"Jsk\"). This intercept includes 0.5 metres of 20.9 g/t gold, 0.79 metres of 11.6 g/t gold and 0.6 metres of 10.3 g/t gold associated with vuggy quartz-carbonate veins containing semi-massive pyrite and blebby chalcopyrite. \n\n\n\n \n \n\n\n--Hole DL17007 which intersected 1.09 g/t gold over 71.22 metres at 74.28 metres depth in strongly altered Jsk. This interval includes 0.5 metres of 7.36 g/t gold and 4.91 metres of 4.39 g/t gold with a 0.48 metre spike of 21.2 g/t gold associated with quartz-carbonate veining/swarms containing pyrite and chalcopyrite. Also in DL17007, is a deeper 19 metre intercept of 1.0 g/t gold intersected at 168 metres depth. \n\n\n\n \n \n\n\n--Hole DL17016 which intersected 5.77 g/t gold over 1.00 metres at 136.00 metres depth on the Daylight zone. The intersection occurs within a 5 metre intercept of 2.76 g/t gold from a set of quartz-carbonate veins hosted in intermediate to mafic volcanic rocks. \n\n\n\n\n \n Feisal Somji, Prize's Chief Executive Officer, commented \"These encouraging results confirm the presence of significant widths of mineralization along both the Great Western/Eastern and Victoria/Starlight/Daylight zones on the Daylight Property. We are particularly excited by the high-grade shoots located within the broad zones of gol...