Apex Completes Groundwater Sampling at Lithium Creek in Nevada
Suite 615- 625 Howe Street
Vancouver, British Columbia, Canada V6C 2T6
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Apex Completes Groundwater Sampling
at Lithium Creek in Nevada
Vancouver, September 4, 2024 - Apex Resources Inc. (“Apex” or the “Company”)
(TSXV: APX) is pleased to ann ounce completion of a shallow groundwater sampling
program at its Lithium Creek Project (the “Project”) located in Churchill County, Nevada.
The program consisted of the collection of shallow groundwater and sediment material
samples fro m hand excavated test holes within the Lithium Creek Project area and
collection of a water sample from Lithium Creek and a historic well. The test hole samples
were collected from shallow hand dug and augured holes excavated by an independent
third-party consultant and generally encountered groundwater 0.5 – 1.5 meters below
ground surface in the playa sediments.
All sample collection was directed by a Professional Geologist from Applied Hydrologic
Ltd. of Reno, Nevada (“AHL”) in accordance with AHL’s sampling and analytical work plan
for the Project. AHL submitted the water samples to WET Laboratory in Sparks, Nevada
and sediment samples to ALS Laboratory in Reno, Nevada under standard Chain of
Custody procedures. Results from the shallow groundwater sampling program are
pending completion of laboratory analysis.
The exploration results will be used to geochemically assess the signatures of potential
lithium bearing brines in the area and identify targets for future exploration drilling.
Geophysical magnetotelluric (“MT”) surveys of the Project to examine resistivity footprints
of potential shallow and deep brine waters, in addition to gravity survey assessments to
examine the potential geometry of the basin and depth to bedrock are forthcoming
pending the results of the shallow groundwater sampling program.
In addition, the Company has granted 4,375,000 incentive stock options to directors,
officers and consultants of the Company under the Company’s stock option plan. The
options are exercisable for a period of five (5) years at an exercise price of $0. 08 per
common share.
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 has been
reviewed and approved by Geoffrey Baldwin, PG., SME-RM., who is independent of Apex
and who acts as Apex’s Qualified Person.
Suite 615- 625 Howe Street
Vancouver, British Columbia, Canada V6C 2T6
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About Apex Resources Inc.
Apex is a mineral exploration company engaged in the business of the acquisition,
exploration and development of mineral resource properties. Apex has an option to
acquire the Lithium Creek Property located in Churchill County, Nevada, USA and is
currently conducting lithium brine exploration on the property with a view to identifying
and defining drill targets with high potential to penetrate lithium brine bearing aquifers.
On Behalf of the Board of Directors of
Apex Resources Inc.
Ron Lang
President and CEO
Ph. +1(250) 212-7119 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.
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.