Apex Critical Metals Corp. Commences Field Work on Cap Project in British Columbia
VANCOUVER, July 17, 2024 - Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce it has commenced a field exploration program at its Cap Project (the "Project") located in east-central, British Columbia, near the community of Prince George, BC. The Cap Project covers a large carbonatite complex which is considered highly prospective for both niobium and/or Rare Earth Element (REE) mineralization. The ongoing activities entail prospecting, geological mapping, rock and soil sampling to confirm previously identified niobium mineralization in both historical surface samples and drilling. The exploration work is expected to outline areas prospective for follow-up drill testing.
Historical results include:
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Large oval aeromagnetic anomaly, interpreted to correlated with a carbonatite igneous unit, that may be associated with a larger alkalic complex;
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One outcrop sample and three boulder samples of carbonatite collected from within the aeromagnetic anomaly returned: 0.77% Nb2O5,3.38% Nb2O5, 0.96% Nb2O5, and 0.74% Nb2O5 respectively;
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A single drill hole along the southeast margins of the anomaly from 2017 returned 0.51% Nb2O5 over 4.01m (Drill Hole CAP17-004).
The field exploration will be completed by Dahrouge Geological Consulting Ltd. of Edmonton, Alberta. Exploration activities are anticipated to last approximately three weeks and will expand upon a pre-existing soil grid that demonstrated niobium anomalies which correlated with the eastern margin of the known magnetic and radiometric anomaly. Field crews will continue to prospect near the previously identified carbonatite boulders and outcrops. Previously identified outcrop exposure was limited to drainage systems, with much of the Project area covered by thick soil profiles and/or glacial till.
There are approximately 600 carbonatite complexes known worldwide, with a very high ratio demonstrating significant enrichment in a variety of commodities including: Niobium, Tantalum, Rare Earth Elements, Phosphate, Copper, and Gold. Notable mines developed in carbonatite systems include: Araxa, Catalao I, Niobec, Bayan Obo, Mt Weld, Cargill, and Palabora.
Qualified Person; Historical Estimates
The technical content of this news release has been reviewed and approved by Nate Schmidt, P. Geo., who is an Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has not completed sufficient work to verify the historical information on the CAP Property, particularly regarding historical exploration, neighbouring companies, and government geological work.
About Apex Critical Metals Corp.
Apex Critical Metals Corp.is a Canadian exploration company specializing in the acquisition and development of high potential rare earth elements (REE's) and niobium properties. Apex Critical Metals is publicly listed on the CSE, and its common shares currently trade under the symbol "APXC".
On Behalf of the Board of Directors
APEX CRITICAL METALS CORP.,
Sean Charland
Chief Executive Officer
Tel: 604.681.1568
Email: info@apexcriticalmetals.com
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This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements with respect to the Offering including, the closing date of the Offering, the potential participation of insiders in the Offering and the anticipated use of proceeds of the Offering. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company, including, but not limited to, the receipt of regulatory approval for the Offering, if required. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE: Apex Critical Metals Corp.
