Pre-Drilling Geophysical Survey Program Conducted at Apex's Lithium Creek Project
Pre-Drilling Geophysical Survey Program
Conducted at Apex's Lithium Creek Project
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Apex Resources Inc. (TSXV: APX)
(OTC Pink: SLMLF) ("Apex" or the "Company") is pleased to announce the initiation of Gravity* and
Hybrid-Source Audio-Frequency Magnetotelluric** ("HSAMT") geophysical surveys in the Company's
Fernley Sink target area of the Lithium Creek Project (the "Project") located in Churchill County, Nevada.
These surveys will provide critical data for detailed drill hole targeting to test the Company's promising
new discovery of what may be the only viable lithium brine district outside of Clayton Valley. This will
support the on-going expanded lithium brine exploration, providing targets for the maiden drilling
program at the Project.
The Company expects to report final geophysical results and approximate drill targets once all surveys
are completed and all data are compiled and interpreted.
Permitting will commence following the Company's selection of drill sites.
* Gravity surveying is a passive geophysical method that measures small variations in the Earth's
gravitational field to infer subsurface density contrasts. It does not require an artificial energy source;
instead, a highly sensitive gravimeter detects differences in gravitational acceleration that result from
changes in rock and sediment density beneath the surface. These variations help identify geological
structures such as sedimentary basin geometry and fault structures.
Gravity surveys are effective for mapping density variations at depths ranging from near-surface to
several kilometers, depending on the scale of the anomaly and the density contrast of lithologies. While
the vertical resolution is generally lower than electromagnetic or seismic methods, the technique offers
excellent lateral resolution and is particularly useful in identifying broad structural trends and delineating
large-scale geologic features.
A gravity survey field crew typically includes two to three people, equipped with a gravimeter, GPS
system, and data logger. Surveys are often conducted on foot or with a lightweight vehicle, making
gravity methods highly portable and minimally invasive. This makes them ideal for regional
reconnaissance, remote terrain, and environmentally sensitive areas where larger-scale geophysical
setups are impractical.
** Hybrid-source Audio-frequency Magnetotellurics (HSAMT) is a type of electromagnetic (EM) surveying
that combines natural-source magnetotelluric (MT) signals with a portable, controlled-source transmitter
typically placed near the receiver in the near field. This hybrid approach enhances signal strength and
data quality in environments where natural-source signals are weak or inconsistent. Unlike early CSAMT
methods, HSAMT does not rely on far-field transmitter placement, allowing for greater flexibility and
reduced logistical complexity in the field.
HSAMT is effective for mapping the subsurface in the 20 to 1,000-meter depth range. Vertical resolution
generally ranges from 5 to 20% of the investigation depth. As with other EM methods, the depth of
investigation depends on the frequency of the transmitted signal and the resistivity of the subsurface:
lower frequencies and higher resistivity tend to yield deeper penetration.
A HSAMT field crew typically consists of three to four people and requires only one vehicle, as the
transmitter and receiver are often co-located or placed within a short distance of each other. This makes
HSAMT particularly well-suited for surveys in rugged terrain or areas where deploying long transmitter-
receiver offsets is impractical.
About Apex Resources Inc.
Apex is a mineral exploration company engaged in the business of the acquisition, exploration and
development of mineral resource properties.
The Company's Lithium Creek Project is located 70 km east of Reno, Nevada. The Project is a new,
district scale exploration project that has never been systemically explored or drill tested for lithium
brines. The Project covers approximately 8,240 acres and adjacent lands within the laterally extensive
Fernley and Carson Sinks. These sinks have large expansive playas and lay within large hydrographic
basins with a combined area of approximately 1.4 million-acres.
The Project is located within 30 minutes of the Nevada lithium battery hub of the Tahoe-Reno Industrial
Center ("TRIC") via Interstate Highway I-80, and is ideally located and supported by extensive
infrastructure to include existing roads, railroad access, fiber optics and geothermal power. TRIC is a
privately owned 107,000-acre (167 sq mi; 430 km2) industrial park, located in Storey County, east of
Reno, Nevada. The center is the largest in the United States (third largest in the world) and is home to
more than a hundred companies and their warehouse logistics centers and fulfillment centers such as
PetSmart, Home Depot, Walmart and others. The Gigafactory Nevada was built there to serve Tesla, Inc.
and Panasonic.
The technical information in this news release, prepared in accordance with Canadian National
Instrument 43-101 standards, has been reviewed and approved by Geoffrey Baldwin (PG), (SME-RM), a
Qualified Person, who is independent of Apex.
On Behalf of the Board of Directors of
Apex Resources Inc.
Ron Lang,
President & CEO
Ph. +1(250) 212-7119 or
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 historical 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 "should" occur. Forward-Looking statements in this news release include, but are not
limited to, statements related to the expectation that the HSAMT geophysical surveys will provide data
and targets for a maiden drill program at the Project and statements related to the potential of the
Fernley Sink target area. 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 lithium 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,
except 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.
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