Apex Uranium Mine

Nevada, USA

Nevada’s largest past-producing uranium mine

Historic Contribution

50%

of the historic uranium output for the state of Nevada*

Historic Grade

~0.25% U₃O₈

average historic production grade*

Historic Production

~106,000 lbs

of U₃O₈ sold in 1950s; no development since*

*Plut, 1979 “Geology of the Apex Uranium Mine Near Austin Nevada” (pg 1)

About the Apex Uranium Mine

Location

Located 5 km south of Austin, in Lander County, Nevada

Access

<15 min from Highway 50 + well-developed local roads

Ownership

100%

Size

15.4 km x 9.5 km
(6,027 Ha)

Infrastructure

Roads, Water, Electricity, Logistics base

>17.5 km strike length

of favourable geology for uranium mineralization

Elevated uranium values along with anomalous gold, silver, nickel and copper

Strong geophysical correlation between known mineralized zones and current drill targets across the property

Permitting process underway with the USFS

Historic work includes sampling, diamond drilling and underground working

1953
1953

Uranium discovered south of Austin, Nevada; 118 feet of underground workings driven to “cut a corner of the Rundberg orebody”¹

1955
1955

Apex Minerals Corp acquires 20-year lease on the property¹

1955 onward
1955 onward

“intense development campaign of bulldozing on the surface, driving tunnels, raising and drilling have opened six large orebodies of uranium ore”¹

1956
1956

Shipments of ore begin to processing plant in Salt Lake City¹

1957
1957

Size of ore body reportedly triples after drilling; discovery of Diamond zone, including 1.00% U₃O₈ samples at surface¹

Oct 1957
Oct 1957

U.S. Atomic Energy Commission announces end to uranium mining incentives and slowdown in ore purchases²

Significant development: near road, water, electricity, logistics base

~800 m (2,625 ft) of underground adits, drifts, raises and stopes¹

Four major adits accessing mineralization on three levels¹

15 minutes’ drive off Highway 50 on well-developed local roads

Historic Recognition

It’s not just a uranium mine, it’s THE uranium mine in continental United States. Orebodies in this Austin (Apex) property show width, massiveness and consistency… that I have not seen in any other continental U.S. uranium mine.

Nevada Bureau of Mines

Source: Nevada Bureau of Mines File 38900042,
Report on Mines of Apex Minerals Corporation 1956, by Harry H. Hughes, Mining Geologist.

Drill data acquired and digitized; shows significant mineralized intercepts

¹ Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pgs. 17 to 20) Link >
² Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 4) Link >
³ Nevada Bureau Mines File 38900096, Transverse Section Through Drilled Orebody, Apex Minerals Corp 1959, by Harry Hughes, Mining Geologist. Link >
⁴ Nevada Bureau Mines File 38900084, Plan map of underground workings, sampling and drill holes at the Apex mine 1959, by Harry Hughes, Mining Geologist. Link>

Multiple samples reported with grades over 0.5% U₃O₈ including up to 3.19% and 6.0% U₃O₈

250-tonne bulk sample from Adit 2 assayed at 0.7% U₃O₈ or better¹

“New discovery” in Adit O assayed at up to 3.19% U₃O₈³

Drill hole ‘H’ averaged 1.33% U₃O₈ over 3 m; similar values found in “each succeeding hole drilled westerly from this ‘H’ hole”¹

Grab samples from “Diamond Pit” hilltop reportedly ran 1.00% U₃O₈; a 6.4 m cut across the pit-face reportedly assayed 0.41% U₃O₈²

¹ Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 4 to 6) Link >
² Nevada Bureau Mines File 38900097, Generalized Longitudinal Section through the Apex mine and Diamond pit 1957, by Arthur Lakes. Link >
³ Nevada Bureau Mines File 60000269, Report on Mines of Apex Minerals Corporation 1957, by Harry H. Hughes, Mining Geologist. (pg. 8) Link >

Silver, gold and copper all reported to occur within the Apex Mine area

Silver grading 7,300 g/t produced at the Apex mine in 1937¹

Gold grading 15 g/t reported from 1980s sampling at the Apex mine²

“blebs of bornite and chalcopyrite are associated with the primary uranium minerals”³

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