October 4, 2018, Vancouver, BC - Apex Resources Inc. ("Apex" or the "Company") (TSXV: APX) reports that the Jersey-Emerald lead-zinc-tungsten and gold property has reverted to Apex. Margaux Resources Ltd. ("Margaux") has given official notice to Apex that they are terminating the November 13, 2013 Option Agreement to purchase the Jersey Emerald property. Margaux has agreed to forthwith transfer to Apex, the Property and all of the information and data relating to the Property.
Since entering into the Option Agreement, Margaux has advanced the Jersey-Emerald property with approximately $3.0 million in exploration expenditures. Margaux has successfully expanded the tungsten resource and mapped out additional lead-zinc targets in the Jersey and Wilson Creek areas. Additionally Margaux has defined an untested gold target in the Summit area along the property's eastern border.
While working the Jersey-Emerald property, Margaux assembled a sizeable land package in the surrounding area by staking adjacent land and optioning nearby historic mining properties. Because of an area of interest clause in the Option Agreement, certain other properties acquired by Margaux since 2013 have also reverted to Apex.
Apex is presently exploring its Yukon, Mt. Anderson gold property but remains committed to advancing the exploration and development of the Jersey-Emerald property. Apex geologists will be meeting with Margaux's geologists to arrange for the transfer of the property and property information to Apex. For further information on the Company's projects, visit www.apxresources.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: moc.secruoserxpa@eelm or moc.secruoserxpa@ofni