Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Apollo Silver Corp.
Project name: Calico
Location: United States
Commodities: Silver
Highlight: Drilling results incl. 52.0m @ 196g/t Ag from 20m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia, May 3, 2022 – Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to report silver assay results acquired as part of its 2022 Metallurgical Test Program for the Waterloo Property at its Calico Silver Project (“Calico” or the “Project”) located in San Bernardino County, California. Results below are reported from three diamond core holes (see Table 1) which were drilled in 2012 by the previous operator Pan American Minerals Inc. (“Pan American”), a wholly owned subsidiary of Pan American Silver Inc., as part their metallurgical test program. Apollo acquired this core, which was never assayed, as part of the purchase of the Waterloo property. Assay results below are from these three drill holes which were analysed as the first step of the 2022 Metallurgical Test Program at Calico being undertaken by Apollo. The 2022 Metallurgical Test Program is one component of the multi-component 2022 Calico Technical Program, which aims to upgrade and expand the recently announced Inferred Mineral Resource Estimate (“MRE”) 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”) (see news release dated February 9, 2022).
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