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Apollo Silver Files N.I. 43-101 Technical Report for the Calico Silver Project Maiden Mineral Resource Estimate
VANCOUVER, British Columbia, March 28, 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, March 28, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce it has filed on SEDAR the independent technical report (the “Technical Report”) for the Calico Silver Project’s (“Calico” or the “Project”) maiden Mineral Resource Estimate (“MRE”). The report titled “NI 43-101 Technical Report for the Mineral Resource Estimate of the Calico Silver Project, San Bernardino County California, USA” has an effective date of January 28, 2022. The Project is located in the historic Calico Silver Mining District in San Bernardino County, California. The Technical Report was prepared in accordance with National Instrument 43-101 (“N.I. 43-101”) Standards of Disclosure for Mineral Projects by Stantec Consulting Ltd., (“Stantec”) of Denver, Colorado. There are no material differences in the Technical Report from those results disclosed in the Company's press release dated February 9, 2022. The Technical Report dated March 28, 2022, can be found under the Company’s profile on SEDAR (www.sedar.com) and on the Company’s website (www.apollosilver.com). 2022 MINERAL RESOURCE ESTIMATE On February 9, 2022, Apollo announced the maiden MRE for the Calico Project, a robust Inferred estimate of 166 Moz silver contained in 58.1 Mt at an average grade of 89 g/t silver at a 50 g/t silver cut-off grade (see Table 1). This includes a high-grade subset of 71 Moz silver contained in 15.9 Mt at an average grade of 139 g/t silver. The MRE is an optimized pit-constrained estimate supported by 42,091 m (138,094 ft) of historic drilling in 438 holes and incorporates recent geologic mapping and modeling. Table 1: Calico Project Inferred Mineral Resource Estimate at a 50 g/t Ag Cut-Off Grade. Effective Jan 28, 2022. Class Deposit Imperial Units Metric Units StripRatio(t:t) Contained Silver VolumeMillion(yd³) TonsMillion(st) AgGrade(oz/st) VolumeMillion(m³) TonnesMillion(t) AgGrade(g/t) Million(oz) Inferred Waterloo 20.8 42.8 2.98 15.9 38.9 93 2.2 116 Langtry 10.3 21.3 2.59 7.9 19.3 81 6.0 50 Calico(Total) 31.2 64.1 2.85 23.8 58.1 89 3.4 166 Base-case resource estimates reported in Table 1. Ounces are reported as troy ounces. Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) definitions are followed for classification of the Mineral Resource. ...