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Apex Resources Reports Initial Results Of Phase 1 Exploration On Its Kena-Daylight Gold Projects
(via TheNewswire) August 16, 2017 / TheNewswire / Vancouver, BC - Apex Resources Inc. ...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Reports Initial Results Of Phase 1 Exploration On Its Kena-Daylight Gold Projects(via TheNewswire)\n\n \nAugust 16, 2017 / 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\") (TSXV:PRZ), has released results for an initial batch of soil assay results from Phase 1 fieldwork on the Daylight portion of the Kena Project.\n\n\n \nResults confirm the presence of at least two large prospective geochemical trends:\n\n\n \n1) The Great Western geochemical anomaly is approximately 1km long by 300m wide and includes 48 samples over the 90th percentile of 100 ppb Au. A cluster of strongly anomalous samples in the northern part of geochemical anomaly returned up to 745 ppb Au. A 300m trench will be dug along that trend during the Phase II program.\n\n\n \n2) The Daylight-Starlight trend had nine samples that returned greater than 100 ppb Au, including a best sample return of 8009 ppb Au. This is the highest gold-in-soil sample result in recorded history along the Silver King shear system dating back to the early 1970's. The pattern of soil anomalies along the 1.3km long Daylight-Starlight trend is narrower and somewhat spotty in comparison to the Great Western Trend, but an alignment of significant anomalous Au-Ag-and Bi in soils does coincide with known IP chargeability trends and with the known historical workings.\n\n\n \nA detailed map outlining the results can be found on Prize's website at the following link: https://www.prizemining.com/site/assets/files/1/DAYLIGHT_PROPERTY_PR_MAP_AUG2_2017.jpg\n\n\n \nFeisal Somji, president and chief executive officer of Prize Mining, commented: \"We are excited to report the best soil samples to date on the Daylight property which highlight the potential for the discovery focused drill program. We will use a combination of the new encouraging soil results, historical soil samples and past drilling and geophysical analysis to refine the upcoming Phase -II trenching and Phase- III drilling programs schedule to start in August and September 2017.\"\n\n\n \nICP analysis of soils (AQ252) was performed by Bureau Veritas, in Vancouver BC, on a total of 462 samples on the Daylight property. All soil sample results for the Daylight property which includes the Great Western...