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Apollo Silver Completes 2022 Drill Program at the Calico Silver Project
VANCOUVER, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is plea
About this update from Apollo Silver Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce it has completed Phase 2 of the 2022 Calico Drill Program at its Calico Silver Project (“Calico” or the “Project”), located in San Bernardino County, California. With the completion of Phase 2 drilling, the proposed 10,000 metre (“m”) 2022 Calico Drill Program is now complete on schedule and under budget. Reverse circulation (“RC”) drilling as part of the Phase 2 program began September 19, 2022 (see news release September 20, 2022) and was completed November 12, 2022, ahead of schedule. The 2022 Calico Drill Program is one component of the multi-component 2022 Calico Technical Program that aims to upgrade and expand the recently announced Inferred Mineral Resource Estimate (“MRE”) of 166 million ounces of silver contained in 58.1 million tonnes at an average grade of 89 grams per tonne (“g/t”) (see news release dated February 9, 2022). “The 2022 Calico Drill Program has been completed ahead of schedule and under budget,” Apollo President and CEO, Tom Peregoodoff, commented. “I am very proud of the team, who completed the Phase 1 and Phase 2 drill campaigns with no lost time incidents and no significant health or environmental issues to report. This is a tribute to the culture of the Apollo organization and the strength of the people involved both from Apollo and our excellent contractors. Phase 2 assay results from Calico will be released to the market on a regular basis as they are received from the lab. In addition, I am pleased that we have been able to re-negotiate the terms of the Arizona Silver Project option agreement. Our focus has been on advancing Calico and the renegotiated terms provide us with extra time to complete our initial target generation work.” 2022 Phase 2 Drill Program Completion The Phase 2 Drill Program was composed of 4,819 m (15,810 feet) across 44 RC drill holes. The program was completed on November 12, 2022, approximately 14 days ahead of schedule. A total of 9,840 m (32,283 feet) across 88 RC drill holes has been successfully completed at the Waterloo Property in the 2022 Calico Drill Program. The drill program was designed to: Complete further infill drilling to upgrade the confidence in the MRE; Expand the MRE by add...