Apex Resources Inc V.APX

Alternate Symbol(s): SLMLF

Metals & Mining Industrial Metals & Minerals

Apex Resources Inc. is a mineral exploration company engaged in the business of the acquisition, exploration, and development of mineral resource properties. The Company has a portfolio of properties, including Jersey-Emerald tungsten-zinc mine in southern British Columbia (BC) and the Ore Hill gold property in southern BC. The Jersey-Emerald property is located in southeastern BC, about 50 kilometers (km) south of the town of Nelson and eight km southeast of the community of Salmo. It consists of approximately 120 mineral claims and 44 crown grants over an area of approximately 17,500 hectares (ha). The Ore hill Gold-Silver Property is located about 15 km east of the mining town of Salmo in southern BC, Canada. The 2,000-ha, road accessible property is situated at the south end of the 10 km long Sheep Creek Gold Camp with gold production of almost 800,000 ounces at an average gold grade of 14.4 g/t. The Ore Hill property covers the Ore Hill and Summit gold mines.

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Apex Resources Inc

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Comment by nikkeron Oct 28, 2015 12:31pm

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Post# 24234855

RE:RE:RE:MRL is buying our property for $4 million

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Wed Mar 11, 2015
Sultan Minerals and Margaux Resources Amend Option Agreement Regarding the Purchase of the Jersey Emerald Property

Vancouver, BC -- March 11, 2015: Sultan Minerals Inc. (TSX-V: SUL; "the Company, "Sultan") reports that the Company has reached an agreement ("the Amending Agreement") with Margaux Resources Ltd. (TSX-V: MRL; "Margaux") to amend the Option Agreement dated November 8, 2013 between Sultan and Margaux granting Margaux an option to purchase 100% of the Jersey Emerald Property for payments totaling $4 million according to terms set therein.

Pursuant to the Amending Agreement, the Option Payment of $350,000 due March 15, 2015 which represents the second installment of the original Option Payment of $750,000 due November 8, 2014 has been extended to July 31, 2015. The first installment of $400,000 was received on schedule on November 8, 2014. All other terms of the Option Agreement remain unchanged.

For further information on the Company's projects, visit www.sultanminerals.com.

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