Apex Begins Lithium Brine Exploration Program at the Lithium Creek Project in Nevada
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Apex Begins Lithium Brine Exploration Program at the
Lithium Creek Project in Nevada
Vancouver, British Columbia – June 3 , 2024 - Apex Resources Inc. (“Apex” or the
“Company”) (TSXV: APX) has commenced lithium brine exploration at the newly acquired
Lithium Creek Project (the “Project”) in Churchill County, Nevada, USA. Apex’s primary
objective is to identify and define drill targets with high potential to penetrate lithium brine
bearing aquifers.
Apex will conduct modern exploration for lithium /boron brines which have not been
attempted in this region of Nevada, where the prospects indicate a high potential for a
new discovery of untapped lithium reserves . As part of the current exploration program,
Apex will complete the following:
• Geophysical magnetotelluric (“MT”) surveys of the Project to examine resistivity
footprints of potential shallow and deep brine waters, in addition to a gravity survey
to examine the potential geometry of the basin and depth to bedrock. A seismic
survey may also be completed to identify potential faults influencing lithium brines
in the area.
• Surface water and shallow groundwater sampling, with a geochemical analysis
program focusing on identifying geochemical signatures of lithium bearing brines
in the district.
About the Lithium Creek Project
The Project consists of approximately 4,720 acres of active mining claims in west-central
Nevada. The Project is in a district which historically was mined for salt products , with
commercialization first occurring in 1871. Two discoveries of lithium and boron in brine
waters were recently made on the Project in two prospect areas close together each
displaying brines with lithium in anomalous concentrations in flowing surface water and
in shallow groundwater.
Laboratory analyses indicate total lithium concentrations range from approximately 13 to
22 mg/L in Lithium Creek, which flows through the Project. Lithium brines were discovered
in higher concentrations ranging from 210 to 330 mg/L in the historic evaporation vats
adjacent to the Project’s active mining claims. Boron is also present at concentrations
from 220 to 400 mg/L in the evaporation vats. Total lithium concentration analysed from
Suite 615- 625 Howe Street
Vancouver, British Columbia, Canada V6C 2T6
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samples collected in historic wells and hand dug pits in the area ranged from 34 to 56
mg/L. Samples from the historic wells and hand dug pits strongly indicate potential for a
shallow lithium bearing groundwater system to exists at the Project , with multiple
similarities to the shallow pre-mining brine aquifer in Clayton Valley, Nevada.
The Project is located approximately 70 km east of Reno, Nevada via Interstate Highway
I-80, and within 30 minutes of the Nevada lithium battery hub of the Tahoe-Reno Industrial
Center and Lilac Solution’s manufacturing facility located in Fernley, Nevada. The Project
is ideally located and supported by extensive infrastructure to include existing roads,
railroad access, fiber optics and geothermal power.
The Project is further described in the technical report with an effective date of March 8,
2024 and entitled “NI 43 -101 Technical Report Describing T he Lithium Creek Project ,
Churchill County, NV USA” (the “Technical Report”) which has been filed on SEDAR+
and can be viewed at www.sedarplus.ca under Apex’s profile. A copy of the Technical
Report is also available on the Company’s website at www.apxresources.com.
The technical information in this news release has been prepared in accordance with
Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed
and approved by Geoffrey Baldwin, PG, SME-RM, who is independent of Apex and who
acts as Apex’s Qualified Person.
On Behalf of the Board of Directors of
Apex Resources Inc.
Jay Roberge,
President.
Ph. +1(778)895-0247 or [email protected] website: www.apxresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this press release.
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Vancouver, British Columbia, Canada V6C 2T6
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CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking
information within the meaning of applicable securities laws (“forward -looking statements”). Forward -looking
statements are statements that are not historic al facts and are generally, but not always, identified by the words
“expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” ‘projects,” “potential” and similar expressions,
or that events or conditions “will,” “would,” “may,” “could” or “sho uld” occur. These forward -looking statements
are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from
those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal
prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on
acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the
possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s
properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of
environmental contamination or damage resulting from Apex’s operations and other risks and uncertainties. Any
forward-looking statement speaks only as of the date it is made and, e xcept as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any forward -looking statement, whether
as a result of new information, future events or results or otherwise.