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Apex will conduct modern exploration for lithium/boron brines which have not been attempted in this region of
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
The Project consists of approximately 4,720 acres of active mining claims in west-central
Laboratory analyses indicate total lithium concentrations range from approximately 13 to 22 mg/L in
The Project is located approximately 70 km east of
The Project is further described in the technical report with an effective date of
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
On Behalf of the Board of Directors of
President.
Ph. +1(778)895-0247 orinfo@apxresources.com website:www.apxresources.com
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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 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 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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