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FG:TSX-V $0.06

Burton Property

Exploration History

  • 1928 - Gold discovered on the property (Archie Burton Sr.). Exploration shaft sunk on the discovery zone now referred to as the "Shaft Zone"
  • 1928-1945 - Property optioned by Hollinger Consolidated Gold Mines and Burscott Mines Ltd. All work while under option focused on diamond drilling on the Shaft Zone
  • 1983-84 - Canico (Inco) completed exploration program comprised of:
    • Geological mapping
    • Ground geophysics
    • Geochemistry survey
    • Trenching and surface stripping
    • Diamond drilling (2,096 metres in 29 holes)
  • 1996-97 - Rainbow Petroleum Inc. completed a diamond drill program: 3,327 metres in 33 holes

Burton Property Historical Drill Test Results


Zone Hole ID Company From
(m)
To
(m)
Length
(m)
Au
(gpt)
Shaft 72509 Canico 7.69 9.95 2.26 8.13
72510 Canico 9.14 11.41 2.26 17.82
72513 Canico 19.05 28.80 7.75 9.34
72514 Canico 3.66 6.14 2.48 15.12
Canico 10.00 11.77 1.77 10.45
72515 Canico 23.61 31.61 8.00 8.91
72519 Canico 16.41 16.90 0.49 16.18
Canico 21.39 22.50 1.11 10.42
Shaft 96-1 Rainbow 5.10 8.29 3.19 10.99
96-2 Rainbow 7.78 12.38 4.60 6.29
96-3 Rainbow 3.84 5.90 2.06 10.01
96-14 Rainbow 58.40 62.76 4.36 7.27
96-19* Rainbow 174.66 176.20 1.20 10.27
96-20 Rainbow 9.10 14.36 5.26 6.24
96-22 Rainbow 64.00 65.20 1.20 10.27
96-28** Rainbow 179.28 179.49 0.21 3.09
96-29*** Rainbow 172.22 172.84 0.33 7.23
East 72518 Canico 9.56 11.35 1.79 4.40
72520 Canico 38.15 41.28 3.13 12.47
72521 Canico 13.51 13.88 0.37 16.01
72522 Canico 21.90 22.62 0.72 7.03
Canico 27.90 27.96 0.53 5.04
72523 Canico 7.20 8.65 1.45 9.53
* Hole 96-19 was drilled approx. 150m SE of previous drilling at Shaft Zone
** Hole 96-28 was drilled approx. 175m NW of previous drilling at Shaft Zone
*** Hole 96-29 was drilled approx. 100m NW of previous drilling at Shaft Zone

Historical Resource Estimates


Two "historical" resource estimates are contained in the previous company exploration reports: 1) a resource estimate reported by Canico in Perry (1984), and 2) a resource estimate completed for Rainbow Petroleum and reported in Church (1998). Perry (1984) calculated a resource tonnage for Canico of 17,460 tonnes at an average grade of 10.09 grams per tonne gold. The tabulation in Perry (1984) includes the distinction of tonnages and grades by section and it is therefore assumed that the estimate is a sectional polygonal type estimate. It is from the Shaft Zone over sections 100+00E, 99+80E, 99+60E, and 99+40E. Otherwise, no estimation parameters are included and no classification of the resources is included.

Church (1998) reports a calculation for Rainbow Petroleum based on the work in 1997, and included a statement " ... that the Shaft Zone contains a resource of 30,000 tonnes at an average grade of 10.55 grams per tonne gold." Estimation parameters and methodology are not included in the summary report by Church (1998).

These resource estimates are historical and are not to be considered current resource estimates for the Burton property. Neither the author of the Burton Property Technical Report nor Apex Royalty Corporation considers the historical resource estimates presented above as current resources. Historical resource estimates that have not been prepared and classified in accordance with National Instrument 43-101 best practices and reporting should not be relied upon.

Current Activities (Nov 2011)

  • Phase I (3,000 metre) drilling campaign completed
  • Highlights from the 21 hole drill campaign included assay results of 3.74 g/t over an intersection length of 9.96 m (including 10.98 g/t gold over 2.17 m), 10.30 g/t over an intersection length of 1.90 m and 4.78 g/t over an intersection length of 2.50 m
  • Currently planning Phase II (2000 meter) diamond drill program on the Burton property, anticipated for Winter 2012