Apex Intersects Tungsten at the Jersey Emerald Property
Narrow high-grade hits at Jersey Emerald fail to mask thin treasury and heavy royalty burdens
The most recent news release (January 13, 2026) reports assay results from a 5-hole, 938.5-meter drilling program at the Jersey Emerald Property in British Columbia. Apex intersected narrow zones of tungsten and zinc. Key intercepts include 0.98 meters of 0.309% Tungsten (W) in hole J25-01 and 0.8 meters of 11.3% Zinc (Zn) in hole J25-02. The company claims these results extend the Emerald East Zone and validate historical showings.
The impact is positive but non-material. While the 11.3% Zinc hit is high-grade, the width (0.8m) is insufficient to suggest a bulk-mineable resource without significantly more volume. The tungsten intercepts are similarly narrow (under 1 meter). This program was very small (only 5 holes), suggesting limited capital. The news confirms the presence of mineralization but does not represent a "discovery" of a new, large-scale zone. It is a routine exploration update that keeps the project alive but does not fundamentally re-rate the company's valuation.
Apex Resources is a Canadian junior explorer focused on the Jersey Emerald Property (BC) and Lithium Creek (Nevada). Jersey Emerald is a past-producing mine (tungsten and zinc) with significant historical data. Lithium Creek is a brine project in Churchill County, Nevada, where the company has conducted geophysics but has yet to drill-test the anomalies.