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Apex Resources Inc V.APX

Alternate Symbol(s):  SLMLF

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.


TSXV:APX - Post by User

Bullboard Posts
Comment by clarkesandyon Jun 23, 2008 9:00am
525 Views
Post# 15215897

News is out.

News is out.More good grades and also more zinc and lead below the area that they knew already had good numbers.
More holes to come. They just keep adding to the resource. This was a past mine and a huge one at that.
With todays metal prices of Moly, and zinc, lead, and silver too, you would think that some majors are looking at this. One day this will be a mine again. I know that on their website they are talking about doing it themselves but I think at this price the company could be boughten out. The amount of money on the tunnels alone in todays market would cost tens of millions. They have a huge underground network and are close to work force, infrustructure and what not.  It seems to undervalued but in today's market it seems you have to be a producer to go up in price. Time will tell. I am holding long, and hope all the best for all SUL shareholders.
CS
Bullboard Posts