so so news, 8 holes pending Apex Resources drills 4.63 m of 2.76 g/t Au at Ore
2020-11-17 10:37 ET - News Release
Mr. Arthur Troup reports
APEX RESOURCES EXTENDS GOLD MINERALIZATION WITH DIAMOND DRILLING AT ORE HILL
Diamond drilling at Apex Resources Inc.'s Ore Hill property in southeastern British Columbia has extended the gold-bearing zone intersected in its initial two 2019 diamond drill holes (see Dec. 17, 2019, news release). Final assays have been received for hole OH20-4 collared 100 metres south of previous hole OH19-2 . Five zones of gold enrichment were intersected in the hole. The highlight of the assays in hole OH20-4 was a 30-centimetre intercept that returned 32.90 grams per tonne (g/t) gold within a 4.63-metre section that assayed 2.76 g/t.
Gold assays and intersection widths for diamond drill hole OH20-4 are shown in the attached table. There is presently insufficient information to determine how intersection widths relate to true widths.
Hole OH20-4 was drilled to a depth of 222.0 metres at a dip of minus 90 degrees. Hole OH20-3, collared at the same location as OH20-4, was drilled into the unmineralized wall rocks to the east of the mineralized zone. Hole OH20-3 was drilled to a depth of 97.6 metres at a dip of minus 50 degrees and a bearing of 160 degrees. The hole was unmineralized but provided important geological information.
Assays are pending for an additional eight drill holes with a combined total of 1,255.0 metres of NQ core.
The 2,000-hectare Ore Hill property is located 45 kilometres south of the town of Nelson, B.C., in the historic Sheep Creek gold mining camp. The property covers workings of the former Ore Hill, Summit and Bonanza mines. The present drill program is investigating a 1,500-metre-long gold-in-soil anomaly that extends north and south from the historic Summit mine. Rock chip sampling completed in 2017 and 2018 obtained a number of high-grade gold assays, along the trace of the gold soil anomaly indicating an extensive mineralizing system with significant size and strength.
Qualified person and quality control
The Ore Hill program is planned and supervised by Apex's consulting geologist, Perry Grunenberg, professional geoscientist. Mr. Grunenberg is a qualified person for the purpose of National Instrument 43-101 and has read and approved the contents of this news release. In the field, permit-approved drill hole collar locations are determined with a hand-held GPS unit having an accuracy of plus/minus three metres. Collar sites are marked for later conventional surveying.
On site, the core is delivered to the company's secure facility in Salmo, B.C., where it is logged, split, tagged, sealed and shipped for analysis. The company's consulting geologists, Bernhardt Augsten, professional geoscientist, and Patrick Williams, log and supervised the splitting, sealing and shipping of the samples for assay. Quality control is monitored by the insertion of certified standard reference materials and blanks at regular intervals into each sample shipment. For future reference, half of all drill cores was retained and is stored at the company's secure facility in Salmo, B.C.
Drill core samples are shipped through ground transport to the ALS Global geochemistry analytical lab in North Vancouver, B.C., for analysis for gold and an additional 35 elements. The ALS facility is accredited to the ISO 9001:2015 standard for analytical methods.
In the laboratory, the entire sample is crushed to 70 per cent less than two millimetres and 250 grams are pulverized. Analysis for gold is by 30-ggram fire assay fusion with an atomic absorption (AAS) finish having a lower limit of 0.01 part per million (ppm) and upper limit of 50 ppm. Samples with visible gold are reanalyzed using a 500-gram screen metallic fire assay. All samples are also analyzed by a 35 multielemental inductively coupled plasma (ICP) geochemical package.
We seek Safe Harbor.