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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Post by grizfishon Nov 12, 2009 10:43pm

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Post# 16482393

Sultan to acquire HB Lead-Zinc Mine

Thursday, November 12, 2009

TSX Venture Exchange Symbol: SUL
SEC 12g3-2(b): 82-4741
Frankfurt Stock Exchange: RZN

Sultan Minerals Receives Exchange Approval to Acquire Historic HB Lead-Zinc Mine - Commences Property Work

November 12, 2009, Vancouver, BC - Sultan Minerals Inc. (SUL -- TSX Venture) ("Sultan") is pleased to announce that the TSX Venture Exchange has accepted for filing documentation of an option agreement dated October 20, 2009, between Sultan and Mr. Craig Alvin Lynes (the "Optionor") of Salmon Arm, British Columbia. Under the terms of the option agreement, Sultan may acquire 100% of the rights and interest in and to the HB Lead-Zinc Property (the "Property"), comprised of a 100-hectare mineral claim, located approximately eight kilometres southeast of Salmo, British Columbia, Canada.

Sultan may earn a 100% interest in the Property by making cash payments of $15,000 and issuing 100,000 common shares to the Optionor in stages over twelve months. For further details please refer to Sultan's news release dated October 27, 2009.

A large database of historical mine records for the HB Mine, including mine plans, mine sections, drill logs and geological maps has since been acquired. Mr. Ed Lawrence, P.Eng., former Manager of Sultan's adjacent Jersey and Emerald Mines, is presently undertaking a review of the historical mine records in order to locate the remaining mineralization and identify exploration targets for future follow up.

Sultan is presently completing a program of geochemical sampling and a magnetometer geophysical survey on the HB property to explore for extensions to the historical lead-zinc mineralization. The two surveys will also explore the adjoining, recently acquired, Garnet Mine (please refer to Sultan's News Release of November 4, 2009).

Mr. Perry Grunenberg, P.Geo., of PBG Geoscience of Kamloops, B.C., will supervise the geochemical and geophysical programs. Mr. Grunenberg is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects".

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

Arthur G. Troup, P.Eng., Geological
President and CEO

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