October 03, 2024 9:27 AM EDT | Source: Apex Resources Inc.
Vancouver, British Columbia–(Newsfile Corp. – October 3, 2024) – Apex Resources Inc. (TSXV: APX) (“Apex” or the “Company”) is excited to announce analytical results from fluid samples recently collected from the Company’s Lithium Creek Project (the “Project”), located in Churchill County, Nevada. The Project consists of 10 incontiguous blocks of placer claims covering approximately 4,720 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 fluid samples were collected from Lithium Creek, a historic well, and shallow hand-dug auger holes that were excavated 1-2 meters below ground surface using hand tools throughout the Project area. The analytical results of the fluid samples show lithium values ranging from 393 milligrams per liter (mg/L) to 4.65 mg/L, with more than half (55%) of the samples higher than 50 mg/L.
The fluid samples were collected from playas where the shallow groundwater could be accessed using hand tools. The sample locations were separated by sufficient distances to examine the potential for the lateral distribution of lithium enriched brines. Fluid samples were collected from 20 shallow hand augured test holes, one (1) historic well remnant of the old salt works operation, and one (1) sample of surface water was collected from Lithium Creek. Two (2) duplicate samples and one (1) field blank sample were collected for Quality Assurance/Quality Control (QA/QC) purposes in accordance with the sampling and analytical plan for the Project. Table 1 below provides a tabulation of the analytical results for the samples collected.
Table 1: Lithium Creek Project Shallow Groundwater Analytical Results
Sample ID
Lithium
(mg/L)
Boron
(mg/L)
Potassium
(mg/L)
TDS*
(ppm)
Claim
Block
Sample
Type
Comments
LiCk-8-082024
393
774
17,900
175,290
ESW-BOR
Brine
Shallow Test Hole
LiCk-29-082124
310
222
7,240
167,995
ESW-BOR
Brine
Shallow Test Hole
LiCk-9-082124
163
178
6220
158,096
ESW-BOR
Brine
Shallow Test Hole
LiCk-12-082124
112
111
6,640
123,770
ESW-BOR
Brine
Shallow Test Hole
DSW-25-082324
104
283
11,200
156,386
CS
Brine
Shallow Test Hole
LiCk-6-082124
85.4
186
3,550
118,223
ESW-BOR
Brine
Shallow Test Hole
Parker-1-082024
64.2
108
3,250
80,258
ESW-BOR
Brine
Historic Well
DSW-15-082324
61.9
155
5,260
146,561
DSW
Brine
Shallow Test Hole
LiCk-1-082324
61.7
61.4
3,850
123,835
ESW-S
Brine
Shallow Test Hole
LiCk-11-082124
58.2
268
2,660
91,075
ESW-BOR
Brine
Shallow Test Hole
LiCk-10-082324
58.1
16.1
3,100
133,268
ESW-BOR
Brine
Shallow Test Hole
LiCk-13-082124
52.7
74.1
2,850
97,160
ESW-BOR
Brine
Shallow Test Hole
DSW-14-082324
40.5
109
4,560
134,104
DSW
Brine
Shallow Test Hole
DSW-18-082324
37.7
58.3
4,730
126,248
CS
Brine
Shallow Test Hole
LiCk-4X-082324
26.2
29.3
2,270
92,127
ESW-S
Brine
Duplicate of LiCk-4
LiCk-4-082324
23.8
30.4
2,220
92,127
ESW-S
Brine
Shallow Test Hole
DSW-20-082324
23
87.7
2,720
86,345
DSW
Brine
Shallow Test Hole
DSW-19-082324
22.8
55
3,340
105,192
CS
Brine
Shallow Test Hole
DSW-23-082324
20.4
79.5
2,280
74,863
CS
Brine
Shallow Test Hole
DSW-22X-082324
13.3
128
2,910
143,971
DSW
Brine
Duplicate of DSW-22
DSW-22-082324
12.8
127
2,870
143,971
DSW
Brine
Shallow Test Hole
DSW-28-082324
6.93
49.6
782
22,448
CS
Brackish Water
Shallow Test Hole
DSW-26-082324
6.92
58.9
675
24,151
CS
Brackish Water
Shallow Test Hole
LC1-082024
4.65
6.77
445
31,290
ESW-BOR
Brackish Water
Li Creek (Surface Water)
DSW-30-082324
<0>0>
<2>2>
<20>20>
–
—
Fresh Water
Blank Sample
Notes: Analytical results are reported in milligrams per liter (mg/L).
The results have been tabulated in order from highest to lowest lithium concentration.
* TDS – Total Dissolved Solids: measured in the field using a calibrated multiparameter sonde
Lithium was detected in all samples. Duplicate and field blank samples were submitted to evaluate the quality control standards for the Project in addition to the Western Environmental Testing Laboratory (WET Lab) QC Report for the samples analyzed. Analytical results for over half of the fluid samples indicate lithium concentrations at the Project exceed 50 mg/L, providing further indications that lithium bearing brine deposits exist within the Project area. For samples with lithium concentrations over 100 mg/L, the Company will recollect and analyze confirmatory samples for validation.
A cut-off grade of approximately 50 mg/L has been adopted for several lithium brine projects in North America, as noted in publicly-filed technical reports filed for Albemarle’s Silver Peak Project in Clayton Valley, Nevada[1] and Lithium Bank Resources Corp.’s Park Place Lithium-brine property in west-central Alberta, Canada[2]. Cut-off grades are, however, unique to the specific project and a cut-off grade has not been determined for the Lithium Creek Project.
Laboratory analytical results and measurements of Total Dissolved Solids (TDS) collected in the field indicate most of the shallow groundwater encountered in the playa sediments at the Project are classifiable as lithium-brines. These data provide compelling evidence of the potential for regional large scale lithium enriched brine aquifers or reservoirs to exist at the Project.
A total of 25 fluid samples were submitted to WET Lab in Sparks, Nevada under Chain of Custody in accordance with the sampling and analytical plan for the Project. WET Lab is an independent and certified laboratory in the state of Nevada. The data and information contained in the WET Lab analytical report were generated using specified or selected methods contained in their references, such as Standard Methods for the Examination of Water and Wastewater, online edition; Methods for Determination of Organic Compounds in Drinking Water, EPA-600/4-79-020; and Test Methods for Evaluation of Solid Waste, Physical/Chemical Methods (SW846) Third Edition. Total metals including lithium, boron, potassium and sodium were analyzed using EPA Method 200.7. EPA Method 200.7 was approved for use as axial view of ICP-OES and is the required EPA method for compliance monitoring by ICP-OES. ICP-OES is preferred for analysis of samples with high total dissolved solids (TDS) or suspended solids.
This news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and the scientific and technical information herein was reviewed and approved by Geoffrey Baldwin, PG., SME-RM., who is a consulting geologist for Apex and who acts as Apex’s Qualified Person.
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 Project with a view to identifying and defining drill targets with high potential to penetrate lithium brine bearing aquifers.
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.
[1] SEC Technical Report Summary – Pre-Feasibility Study – Silver Peak Lithium Operation- Nevada, USA dated February 14, 2023.
[2] Lithium Bank Resources Corp. Park Place NI 43-101 Technical Report with an effective date of June 24, 2024.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225451
SOURCE: Apex Resources Inc.
The post Apex Samples 393 mg/L of Li from The Lithium Creek Project appeared first on Invezz
