|Tue Dec 15, 2020|
Apex Resources Engages Moose Mountain Technical Services to Prepare Updated Technical Reports for its Jersey-Emerald Tungsten and Kena Gold projects
|December 15, 2020, Vancouver, BC., Apex Resources Inc. ("Apex" or the "Company") (TSXV: APX) reports that further to its news release of November 20, it has engaged Moose Mountain Technical Services ("MMTS") of Cranbrook, B.C. for the preparation of updated resource estimates for the East Emerald tungsten deposit on its Jersey-Emerald Property and for the Kena and Gold Mountain zones on its Kena-Daylight Gold property. Both properties are located in southeastern British Columbia.
On November 19, 2020 the Company became subject to a Cease Trade Order issued by the BC Securities Commission (see Nov 23, 2020 news release). The Company was notified by the Commission that the Company will be subject to the Cease Trade Order until: (1) the Company files technical reports to support the Company's earlier disclosure made in its May 26, 2016 Management Discussion and Analysis related to the Jersey-Emerald Property and in its January 22, 2018 news release related to the Kena-Daylight Property; and (2) the Executive Director of the Commission has revoked the Cease Trade Order.
Report preparation is currently under way and preliminary reports are expected by late January.
Arthur G. Troup, P.Eng., Geological
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This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expects are forward-looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Apex, investors should review Apex's filings that are available at www.sedar.com or Apex's website at www.apxresources.com.
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