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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
Post by annwarwon Nov 23, 2012 2:36am
202 Views
Post# 20634726

RCT.V produces 941 oz Au, 69,097 oz Ag this qtr

RCT.V produces 941 oz Au, 69,097 oz Ag this qtr

The CEO whose company (Luisman) was swallowed by Wheaton River (became a director) then bought by Goldcorp (Then he took the role of Executive Vice President of Goldcorp from March 2005 to September 2007) resides near the Mexican operation. Institutionally held by Sprott, Mackenzie, U.S Global, Libra Funds, TD and a couple of others bought at higher prices. Increased to three mine locations providing mill feed. ALONE property plant and equipment ($17 mil) worth more than the market cap ($8 mil).

 

RESULTS

Q4

(Mar-May, 2012)

Q1

(Jun-Aug, 2012)

Tonnes Processed

17,653 Tonnes

17,390 Tonnes

Gold Grade

1.66 g/t

1.81 g/t

Silver Grade

211.89 g/t

214.32 g/t

Gold Recovery

92.36 %

92.85 %

Silver Recovery

58.63 %

57.66 %

Gold Produced

868 Ounces

941 Ounces

Gold Sold

855.231 Ounces

926.866 Ounces

Silver Produced

70,501 Ounces

69,097 Ounces

Silver Sold

68,385.98 Ounces

67,024.24 Ounces

Gold Equivalent Produced

2,207 Ounces

2,148

Developed Metres

1,704 Meters

1,295 Meters

Samples Taken

8,307 Samples

8,380 Samples

Diamond Drilling Metres

0 Meters

0 Meters

Access Road Kilometres

3.55 Kilometers

0 Meters

 

RESULTS

Q1

(Jun/11 - Aug/11)

Q2

(Sep/11 - Nov/11)

Q3

(Dec/11 - Feb/12)

Q4

Mar/12 -May/12

Accumulated

Fiscal 2012

Tonnes Processed

15,811 Tonnes

16,672 Tonnes

19,340 Tonnes

17,653 Tonnes

69,476 Tonnes

Gold Grade

1.10 g/t

1.47 g/t

1.30 g/t

1.66 g/t

1.38 g/t

Silver Grade

147.80 g/t

204.65 g/t

191.85 g/t

211.89 g/t

189.99 g/t

Gold Recovery

88.91 %

91.31%

89.69 %

92.36 %

90.77 %

Silver Recovery

57.83 %

50.68%

55.50 %

58.63 %

55.55 %

Gold Produced

496 Ounces

720 Ounces

722 Ounces

868 Ounces

2,807 Ounces

Gold Sold

488.58 Ounces

709.66 Ounces

711.54 Ounces

855.23 Ounces

2,765.01 Ounces

 

RESULTS

Q1

(Jun/11 - Aug/11)

Q2

(Sep/11 - Nov/11)

Q3

(Dec/11 - Feb/12)

Q4

Mar/12 -May/12

Accumulated

Fiscal 2012

Silver Produced

43,454 Ounces

55,589 Ounces

66,202 Ounces

79,501 Ounces

235,746 Ounces

Silver Sold

42,150.26 Ounces

53,921.70 Ounces

64,215.72 Ounces

68,385.98 Ounces

228,673.67 Ounces

Gold Equivalent Produced

1,515 Ounces

1,837 Ounces

1,978 Ounces

2,207 Ounces

7,538 Ounces

Developed Meters

1,102 Meters

1,075 Meters

1,928 Meters

1,704 Meters

5,809 Meters

Samples Taken

6,294 Samples

8,256 Samples

9,015 Samples

8,307 Samples

31,872 Samples

Diamond Drilling Meters

0 Meters

0 Meters

0 Meters

0 Meters

0 Meters

Access Road Kilometers

0.30 Kilometers

0 Kilometers

0 Kilometers

3.55 Kilometers

3.85 Kilometers

 

Fiscal 2012

Fiscal 2011

Three Month Periods Ending

May 31/12

$

Feb 29/12

$

Nov 30/11

$

Aug 31/11

$

May 31/11

$

Feb 28/11

$

Nov 30/10

$

Aug 31/10

$

Operations:

Revenues

3,334,965

3,240,926

2,869,242

2,189,572

2,413,413

2,519,254

2,022,561

2,241,251

Cost of sales

(1,604,262)

(2,236,678)

(1,726,911)

(1,946,118)

(1,083,938)

(1,806,422)

(1,832,082)

(1,848,437)

                   

 

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