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Apollo Silver Announces Surface Sampling Results Further Extending Gold Mineralization at Calico
VANCOUVER, British Columbia, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is ple
About this update from Apollo Silver Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to report assay results from a surficial rock grab sampling program and remaining assays from the Phase 1 2022 Drill Program at the Calico Silver Project (“Calico” or the “Project”) located in San Bernardino County, California. The surficial rock grab sampling and drilling programs are part of the 2022 Calico Technical Program, which aims to upgrade and expand the previously announced Inferred Mineral Resource Estimate (“MRE”) of 166 million ounces (“Moz”) of silver (“Ag”) 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)1. A surficial rock grab sampling program completed recently in the Burcham area, 225 metres (“m”) south of the Waterloo resource area, returned 34 rock samples with 0.1 g/t or more gold (“Au”), showing that this region represents a significant gold mineralized prospect outside the current MRE (see Figure 1 below). The surface program was designed to follow up on historic work completed in this area between approximately 1940 and 1989, showing the area exhibited gold mineralization across a broad area. Notable new surface rock samples reported include 6.280 g/t Au, 2.470 g/t Au, 2.410 g/t Au, and 2.240 g/t Au from subvertical, northwest oriented structures. These results, combined with drilling results to date confirm that gold mineralization is present over an extensive area at Waterloo (900 m X 400 m) over a variably thick horizon (approximately 5 m to 45 m true thickness). In addition to these surface samples, final Phase 1 reverse circulation (“RC”) drilling assay results show that seven of nine holes reported herein intersected gold at the Barstow-Pickhandle contact. This latest drilling shows that gold mineralization is spatially continuous between the Waterloo Ag resource (116 Moz Ag contained in 38.9 Mt at an average grade of 93 g/t Ag) and Burcham areas. Gold mineralization represents a compelling prospect with the latest results providing further support for adding to the metal inventory for the upcoming mineral resource estimate update. These latest results will be followed up in Phase 2 of the 2022 Calico Technical Program which is expected to recommence in...