Announcement Date: 2022-03-28
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Apollo Silver Corp.
Project name: Calico
Location: United States
Commodities: Silver
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, British Columbia, February 9, 2022 – Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce its Maiden National Instrument (“NI”) 43-101 Mineral Resource Estimates (“MRE”) for the Waterloo and Langtry silver properties, now collectively referred to as the Calico Silver Project1 (“Calico” or the “Project”), located in San Bernardino County, California. An Inferred resource estimate of 166 million ounces (“Moz”) of silver contained in 58.1 million tonnes (“Mt”) at an average grade of 89 grams per tonne (“g/t”) has been defined at Calico by Derek Loveday, P.Geo., of Stantec Consulting Services Ltd. (“Stantec”), the Company’s independent Qualified Person. The extent of gold mineralization remains poorly constrained. Drilling on the Waterloo property by previous operator Pan American Minerals Inc., identified a gold mineralized horizon 2 km northwest of the historical gold producing Burcham mine. This drilling intersected 25 m (true thickness) of 0.59 g/t at 132.60 m below surface, including 1.52 m of 5.52 g/t Au. This horizon is 60 m wide and 110 m in length (down-dip) and open in all directions. There is potential for meaningful gold mineralization along the entire 2.2 km long contact for which most historic drill holes did not test (see news release from January 11, 2022).
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