Apex Critical Metals Receives Multi-Year Permit and Preps Drill Program at CAP Project, British Columbia
VANCOUVER, BC / ACCESS Newswire / June 19, 2025 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF)(FWB:KL9) ("Apex" or the "Company") is pleased to announce it has received a five-year Multi-Year Area-Based Exploration Permit (MYAB) and has …
VANCOUVER, BC / ACCESS Newswire / June 19, 2025 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF)(FWB:KL9) ("Apex" or the "Company") is pleased to announce it has received a five-year Multi-Year Area-Based Exploration Permit (MYAB) and has advanced plans for a 2025 summer diamond drill program at its Cap Project (the "Project") located in east-central British Columbia. Drilling is expected to commence in mid-July, with approximately 1,000 to 1,500 metres of core drilling anticipated.
The 2025 campaign marks the Company's inaugural drill program at CAP, and the first program on the Project since 2017, when mineralized carbonatite was intersected in drillhole CAP17-004. The 2025 drilling program will target the 1.8 km-long niobium-in-soil anomaly and mineralized carbonatite outcrops identified by the Company in 2024. (see news release dated November 12, 2024, Figure 1). These areas remain untested by previous drilling.
Cap Project highlights from 2024 exploration include (see Figure 1):
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3.33% Nb2O5 returned in outcrop with four (4) additional outcrop samples assaying between 0.16% to 0.50% Nb2O5. Two mineralized carbonatite outcrops discovered are separated by approximately 250 m
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1.79% Nb2O5 and 1.45% Nb2O5returned in carbonatite boulders
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A single drill hole along the southeast margins of the anomaly from 2017 returned 0.35% Nb2O5 over 10.4 m (Drill Hole CAP17-004).
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Distinct niobium anomaly discovered from soil sampling, situated along interpreted trend of known mineralized carbonatite outcrops and overlying radiometric anomaly
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Elevated rare earth oxide ("REO") values also identified with one soil sample assaying 1.21% REO and three (3) additional samples assaying between 0.33% and 0.34% REO
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"We are eager to advance the CAP Project to the drill stage," notes Sean Charland, CEO of Apex Critical Metals. "The 2025 program is designed to evaluate the scale and depth potential of the newly discovered carbonatite-hosted niobium and REO mineralization. With a strong foundation from our 2024 work, we're looking forward to testing some of the most compelling targets identified to date."
Apex received a five-year Multi-Year Area-Based Exploration Permit (Permit Number MX-11-251, the "MYAB Permit"), effective November 6, 2024, encompasses most of the CAP Project.
The MYAB Permit allows for Apex to complete the following key exploration activities: