Business
Apex Resources Provides Company Updates
(TheNewswire) November 30, 2021 – TheNewswire - Vancouver, BC....
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Provides Company Updates\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n November 30, 2021 –\n \n \n TheNewswire\n-\n \n \n Vancouver, BC. - Apex Resources Inc.\n(\n \n \n \n \n \"\n \n \n Apex” or \"the\nCompany\") (TSXV:APX)\n \n \n (OTC:SLMLF)\n \n \n announces that the Cease Trade Order imposed by the\nBritish Columbia Securities Commission (BCSC) on November 19, 2020 has\nbeen revoked and its common shares resumed trading on the TSX Venture\nExchange (TSXV) on November 25, 2021.\n \n \n \n \n The Cease Trade Order issued by the BCSC was lifted on\ncompletion of a revocation process with the BCSC following the filing\nof an updated Tungsten Resource Estimate on Apex’s Jersey Emerald\nProject in B.C. as per its September 14, 2021 news release.\n \n \n \n \n The updated Resource Estimate confirms a significant\ntungsten (WO3) resource on the property with associated gold and\nmolybdenum. There is an Indicated Resource of 1,472,803 tonnes at a\ngrade of 0.173% WO3, 0.050g/t Au and 0.021% Mo and an additional\nInferred Resource of 5,128,045 tonnes at a grade of 0.227% WO3,\n0.081g/t Au and 0.026% Mo (September 14, 2021 news release). Apex will\nbe filing for multi year permits for follow-up drilling at\nJersey.\n \n \n \n \n The Jersey-Emerald tungsten-zinc property is host to\nBritish Columbia's second largest historic zinc mine and Canada's\nsecond largest historic tungsten mine. Operations by Placer\nDevelopment Ltd., the previous operator from 1947 to 1973 saw\n7,968,080 tons of lead-zinc ore grading 1.95% Pb and 3.83% Zn, mined\nand milled and 1,597,802 tons of tungsten ore grading 0.76% WO3 mined\nand milled. The project has excellent infrastructure including power,\nwater, extensive underground development and an educated nearby work\nforce.\n \n \n \n \n About Tungsten:\n \n \n \n \n Tungsten\n \n \n is an extremely hard and\ndurable metal with the highest melting point of all elements.\n Because of these qualities there are no substitutes and tungsten is\nvital to a broad range of commercial and military applications. There\nare currently no North American mines producing tungsten and the west\ndepends on recycling and imports to meet its tungsten needs. Because\nof possible supply disruptions tungsten is on the Critical Minerals\nLists for both Canada and the USA.\n \n \n \...