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Apex Resources Targets Copper-Molybdenum along with Gold-Silver on its Red Ridge Property
(via TheNewswire) Vancouver, BC / TheNewswire / March 15, 2018 - Apex Resources Inc....
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Targets Copper-Molybdenum along with Gold-Silver on its Red Ridge Property(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / March 15, 2018 - Apex Resources Inc. (TSX-V: APX) (\"Apex\") is pleased to announce that it has received the final report for the 2017 geological mapping and due-diligence rock sampling program on its Red Ridge property, Yukon. The program successfully confirmed the presence of lead-zinc-silver-gold and copper-molybdenum mineralization.\n\n\n \nThe 2017 results, combined with historic rock and soil values, suggest the Saddle Zone is structurally controlled, rendering this as a prime target for further exploration. \n\n\n \nThe 2017 soil sampling program revealed two proximal high gold soil anomalies located 1,200 metres west of the Saddle Zone, along the south flank of Red Ridge, indicating a newly identified target. Two kilometres west of the Saddle Zone a coincident copper and molybdenum anomaly of greater than 1.0 km in extent occurs downslope of the most pronounced limonitic staining along the Red Ridge. This gossan is interpreted as hornfelsed sediments overlying the Prospector Mountain Suite intrusion. Apex's consultants, Aurora Geoscience, suggest this copper-molybdenum anomaly indicates potential for a porphyry-style mineralized setting in the western property area.\n\n\n \nAurora Geoscience notes that the giant, 964 million tonne, Casino porphyry deposit is centered on a Prospector Mountain Suite intrusion, indicating this Red Ridge intrusive suite is prospective for similar mineralization. Lead-zinc-silver veins commonly occur outbound from porphyry centres. Local high-grade gold values may represent more distal \"bonanza\" veins.\n\n\n \nAurora Geoscience make the following recommendations for further exploration: an airborne magnetic/ DIGHEM and possible radiometric survey, combined with a LIDAR topographic survey; a Phase 1 program of surface exploration focusing on further rock sampling, grid soil sampling, and geological mapping focusing on alteration assemblages and determination of mineralized settings; and a Phase 2 diamond drilling program of 1,200 metres in eight holes. \n\n\n \nThe Phase 2 targets include:\n\n\n \n\n\n- potential extensions of the Saddle Zone along a NW-SE trending lineament;\n\n\n\n- the Miller Zone;\n\n\n\n- a newly identified gold-in-soil anomaly;...