Apex Resources Inc. Contracts Airborne Geophysical Surveys for its Golden Triangle Properties, B.C.
March 10, 2017
Vancouver, B.C. - March 10, 2017: Apex Resources Inc. (TSX-V: APX, the "Company" or "Apex") is pleased to announce that it has contracted Geotech Ltd. of Aurora, Ontario to carry out a helicopter-borne electromagnetic and magnetic geophysical survey of its Cloud and Eldorado properties in B.C.'s Golden Triangle.
The Cloud and Eldorado properties are located approximately 50 km north of the community of Stewart, B.C. adjacent to the historic, 15.5 million tonne, Granduc copper, gold and silver mine. The Granduc ore deposit comprises a series of six concordant massive sulphide lenses, localized within a sequence of metavolcanic and metasedimentary rocks. Individual ore zones are up to a few tens of metres thick and extend laterally up to hundreds of metres.
The present survey is designed to detect massive sulphide mineralization similar to the Granduc deposits. The survey will use Geotech Ltd.'s Versatile Time-Domain Electromagnetic (VTEM) geophysical system to locate discrete conductive anomalies on the two properties. A high-sensitivity cesium magnetometer survey will be flown in conjunction with the VTEM survey to acquire information on geologic structure and lithology.
The survey will be carried out in March and will be flown from the community of Stewart, BC.
For further information on the Company's projects, visit www.apxresources.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: moc.secruoserxpa@eelm or moc.secruoserxpa@ofni
This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expects are forward-looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Apex, investors should review Apex's filings that are available at www.sedar.com or Apex's website at www.apxresources.com.