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Apex Resources Provides Shareholder Update of its BC and Yukon Gold-Silver Projects
(via TheNewswire) May 25, 2017 / TheNewswire / Vancouver, BC - Apex Resources Inc. ("A...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Provides Shareholder Update of its BC and Yukon Gold-Silver Projects(via TheNewswire)\n\n \nMay 25, 2017 / TheNewswire / Vancouver, BC - Apex Resources Inc. (\"Apex\" or the \"Company) (TSXV: APX); is pleased to provide a shareholder update and review of its exploration projects. Apex currently has 5 active projects in British Columbia and Yukon Territory. Two projects, Jersey-Emerald and Kena are under option to other parties. The remaining 3 projects, the Golden Triangle Projects (Eldorado, Cloud and Wild Properties) in B.C. and Red Ridge and Mt Anderson in Yukon, are being actively explored by Apex. (Please see attached map.)\n\n \n \nApex Property Highlights 2017\n\n\n \nJersey-Emerald Zinc-Tungsten Mine\n\n\n \nThe historic Jersey-Emerald Zinc-Tungsten Mine located in southeastern BC was previously operated by Placer Dome. Total production was 9.6 million tonnes of combined zinc and tungsten ore. Apex has sold the property to Margaux Resources Ltd (TSXV-MRL) subject to a 1.5% NSR royalty. Apex will receive approximately $2.7 million in property payments over the next 30 months from the sale of the property. \n\n\n \nKena-Project\n\n\n \nThe Kena Project, comprised of the adjoining Kena and Daylight gold properties is located in southeastern BC. There are 6 small historic gold mines on the two properties. Exploration by Apex has outlined a large low grade gold resource containing a drill inferred 1.9 million ounces of gold (Kena Property Technical Report by Giroux and Park, May 15, 2013). The property is presently under option to Prize Mining Corp who may acquire an 80% interest in the property. To exercise its option and earn its 80% interest in the Project Prize must make annual cash and share option payments over 36 months totaling $1,250,000, issue 1,500,000 shares and complete $3,000,000 in Kena Project related exploration expenditures over four years.\n\n\n \nGolden Triangle Projects\n\n\n \nWithin BC's Golden Triangle, Apex acquired the three properties, the Eldorado, Cloud, and Wild, in 2016 and conducted reconnaissance mapping and sampling programs in the fall. \n\n \n \nEldorado Property, BC\n\n\n \nLocated 10 kilometres northeast of the Granduc Mine, the Eldorado property overlies a magnetic anomaly that has similarities to the nearby Granduc ore body. Apex has recently completed an airborne magneti...