Apex Expands Claim Coverage at Its Lithium Creek Project in Churchill County, Nevada
Apex Resources has expanded its Lithium Creek Project in Churchill County, Nevada by staking 176 additional placer mining claims (3,520 acres). Recent groundwater sampling revealed promising lithium concentrations, with nearly half of the samples exceeding 50 mg/L and reaching up to 393 mg/L. This expansion increases the project's total land position from 4,720 to 8,240 acres in the Fernley, Carson, and Humboldt Sinks. The company believes these results indicate potential for large-scale lithium enriched brine aquifers in the region.
Apex Resources ha ampliato il suo Lithium Creek Project nella Contea di Churchill, Nevada, registrando 176 ulteriori diritti minerari di tipo placer (3.520 acri). Recenti campionamenti delle acque sotterranee hanno rivelato promettenti concentrazioni di litio, con quasi la metà dei campioni che supera i 50 mg/L e raggiunge fino a 393 mg/L. Questa espansione porta la posizione totale del progetto da 4.720 a 8.240 acri nelle aree di Fernley, Carson e Humboldt Sinks. L'azienda ritiene che questi risultati indichino un potenziale per acquiferi di salamoia arricchiti di litio su larga scala nella regione.
Apex Resources ha ampliado su Lithium Creek Project en el Condado de Churchill, Nevada, al registrar 176 reclamaciones de minería placer adicionales (3,520 acres). Los muestreos recientes de aguas subterráneas revelaron concentraciones de litio prometedoras, con casi la mitad de las muestras superando los 50 mg/L y alcanzando hasta 393 mg/L. Esta expansión incrementa la posición total de tierras del proyecto de 4,720 a 8,240 acres en Fernley, Carson y Humboldt Sinks. La empresa cree que estos resultados indican un potencial para acuíferos de salmuera enriquecidos con litio a gran escala en la región.
Apex Resources는 네바다 주 처칠 카운티에 위치한 Lithium Creek Project를 176개의 추가 플레서 광산 청구권(3,520에이커)으로 확장했습니다. 최근 지하수 샘플링에서 유망한 리튬 농도가 확인되었으며, 샘플의 거의 절반이 50 mg/L를 초과하고 최대 393 mg/L에 도달했습니다. 이 확장은 프로젝트의 총 토지 위치를 4,720에이커에서 8,240에이커로 증가시킵니다. 회사는 이러한 결과가 이 지역에서 대규모 리튬이 풍부한 염수 대수층의 가능성을 나타낸다고 믿고 있습니다.
Apex Resources a élargi son Lithium Creek Project dans le comté de Churchill, au Nevada, en enregistrant 176 nouvelles revendications minières de type placer (3 520 acres). Des échantillonnages récents des eaux souterraines ont révélé des concentrations de lithium prometteuses, avec près de la moitié des échantillons dépassant 50 mg/L et atteignant jusqu'à 393 mg/L. Cette expansion porte la superficie totale du projet de 4 720 à 8 240 acres dans les zones de Fernley, Carson et Humboldt Sinks. L'entreprise estime que ces résultats indiquent un potentiel pour des aquifères de saumure enrichis en lithium à grande échelle dans la région.
Apex Resources hat sein Lithium Creek Project im Churchill County, Nevada, durch die Eintragung von 176 zusätzlichen Placer-Bergbauansprüchen (3.520 Acres) erweitert. Neueste Grundwassermessungen zeigten vielversprechende Lithiumkonzentrationen, wobei fast die Hälfte der Proben 50 mg/L überschreitet und bis zu 393 mg/L erreicht. Diese Erweiterung erhöht die gesamte Grundstücksfläche des Projekts von 4.720 auf 8.240 Acres in den Fernley-, Carson- und Humboldt-Senken. Das Unternehmen ist der Ansicht, dass diese Ergebnisse Potenzial für großflächige, lithiumangereicherte Sole-Aquiferen in der Region anzeigen.
- High lithium concentrations discovered in brine samples (up to 393 mg/L)
- Significant land expansion with 176 additional claims (3,520 acres)
- Nearly 50% of samples showed lithium concentrations above 50 mg/L
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - Apex Resources Inc. (TSXV: APX) (OTC Pink: SLMLF) ("Apex" or the "Company") has staked and recorded 176 additional placer mining claims (approximately 3,520 acres, the "Claims") in the Carson Sink and Humboldt Sinks, located in Churchill County, Nevada to support ongoing expanded lithium brine exploration at its Lithium Creek Project (the "Project").
The Claims were located and recorded with the Bureau of Land Management (BLM) in accordance with state and federal mining regulations following release of favorable analytical results (see Apex News Release October 3, 2023) from shallow groundwater samples recently collected at the Project.
Laboratory analytical results for nearly half of the brine samples from the latest round of sampling indicate lithium concentrations exceed 50 mg/L, ranging up to 393 mg/L within the Project area. The results provide compelling evidence of the potential for regional large scale lithium enriched brine aquifers or reservoirs to exist at the Project. Encouraging analytical results were used to inform the Company's acquisition of claims on BLM lands adjacent to or near the Project which are expected to have similar geological and hydrogeological characteristics and potential for continuity to the Project's lithium brine discovery.
Ron Lang, CEO of Apex Resources, commented "The favorable results of samples showing high concentrations of lithium up to 393 mg/L is very encouraging, and supports our continued exploration for a potential discovery of a new, district-scale lithium brine reservoir(s) in the United States. Nearly doubling our land position was very important to make sure that we have all the targets we desire. Planning is now underway for the next phase of exploration."
Following release of analytical results, the Company has increased the Project's land position from approximately 4,720 acres to 8,240 acres of claims in the Fernley, Carson, and Humboldt Sinks. Acquisition of the additional claims is expected to increase the likelihood of developing the regional lithium brine resource that is expected to exist at the Project.
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's common shares trade under the symbol "APX" on the TSX-V & "SLMLF" on the OTC Pink.
Apex has an option to acquire the Lithium Creek Project 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 8240 acres and adjacent lands within the aerially 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 standards ("NI 43-101"), has been reviewed and approved by Geoffrey Baldwin (PG), (SME), 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 info@apxresources.com 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"), such as statements relating to the potential existence of lithium bearing brine deposits on the Project. 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. 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 exploration 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 Project; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in conducting work programs; 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229151
FAQ
What are the latest lithium concentration results from Apex Resources (SLMLF) Lithium Creek Project?
How many new claims did Apex Resources (SLMLF) stake in Churchill County, Nevada?
What is the total land position of Apex Resources (SLMLF) Lithium Creek Project after the recent expansion?
