Jersey Emerald Property Reverts to Apex Resources

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Return to homepage

(TheNewswire)

   

October 4, 2018 / TheNewswire / Vancouver, BC - Apex Resources Inc. ("Apex" or the "Company”) (TSXV: APX) reports that the Jersey-Emerald lead-zinc-tungsten and gold property has reverted to Apex.  Margaux Resources Ltd. (“Margaux”) has given official notice to Apex that they are terminating the November 13, 2013 Option Agreement to purchase the Jersey Emerald property. Margaux has agreed to forthwith transfer to Apex, the Property and all of the information and data relating to the Property.

Since entering into the Option Agreement, Margaux has advanced the Jersey-Emerald property with approximately $3.0 million in exploration expenditures. Margaux has successfully expanded the tungsten resource and mapped out additional lead-zinc targets in the Jersey and Wilson Creek areas. Additionally Margaux has defined an untested gold target in the Summit area along the property’s eastern border.

While working the Jersey-Emerald property, Margaux assembled a sizeable land package in the surrounding area by staking adjacent land and optioning nearby historic mining properties. Because of an area of interest clause in the Option Agreement, certain other properties acquired by Margaux since 2013 have also reverted to Apex.  

Apex is presently exploring its Yukon, Mt. Anderson gold property but remains committed to advancing the exploration and development of the Jersey-Emerald property.  Apex geologists will be meeting with Margaux’s geologists to arrange for the transfer of the property and property information to Apex.  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: [email protected] or [email protected]

 

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.

 

Copyright (c) 2018 TheNewswire - All rights reserved.