Apex Skyrockets on Report on Yukon Mine

By: Tomas Ronolski - AllPennyStocks.com News

Monday, January 14, 2019

Vancouver-based Apex Resources Inc. (TSX-Venture:APX) had reason to cheer Monday morning, in the hopes of arousing more interest among investors.

The miner received a final report on the state of its polymetallic Mt. Anderson Gold-Silver property in the Yukon. The report recommends a two-phase exploration program, for three important target areas, that includes 1,200 metres of diamond drilling in nine holes. Estimated cost of the program is $579,200.

In 2018, mapping, sampling and IP geophysical surveys were carried out by the firm Aurora Geoscience over the Mount Anderson Property, located 55 kilometres south of Whitehorse, surveys which successfully tested a two-square-kilometre area that includes a strong multi-element soil geochemical anomaly and four gold-silver showings.

A study of geochemical results indicates well-mineralized areas, including anomalous gold values ranging from 0.20 g/t to 67.5 g/t.

The stock, though trading sparsely before Monday noon ET, vaulted in price 1.5 cents, or 30%, to 6.5 cents. Volume was a mere 30,000 shares

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