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Apollo Silver Finalizes Arizona Silver District Project Work Program; Makes Scheduled Option Payment and Retains Marketing and Investor Relations Group
VANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleas
About this update from Apollo Silver Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to provide an update on its corporate and technical activities for its Arizona Silver District Project (the “Project”) in La Paz County, Arizona. Apollo has the option to earn 100% interest in the Project through its wholly-owned subsidiary Stronghold Silver USA Corp., (“Stronghold”), from Gulf + Western Industries Inc. (the “Vendor”). Highlights Site visit by technical team completed at the Project, confirming large size (up to 15 m width) of mineralized veins and breccias; Plans for 2022 exploration work program finalized, set to commence Q2 2022; and First option payment made to Vendor of the Project. “The visit verified the extensive scale of the epithermal system in the region, which when combined with the fact that exploration to date has been limited to less than 45 m depth, has confirmed the prospectivity of the project,” Apollo’s VP Exploration and Resource Development, Cathy Fitzgerald, commented. “The surface exploration program we have designed will improve our understanding of the mineralization controls and identify new targets for drilling in early 2023.” About the Silver District Project The Project is located in the heart of the Silver District, a historic silver mining region in southwestern Arizona. The district-scale property position comprises over 2,000 acres covering three major epithermal vein structures having a collective strike length of 13 kilometres (“km”). Mineralization consists of silver, lead and zinc hosted in massive quartz-calcite-barite-fluorospar, occurring in pod-like bodies in fault-hosted veins and breccia that may exceed 15 metres (“m”) in width and be hundreds of m long. Silver and lead were discovered in the area in 1862 and supported small but significant production, largely from underground operations at the Red Cloud and Clip mines. Additional exploration work was completed by various operators between 1950 and 1992 and included limited further underground development, drilling of 465 shallow (less than 45 m depth) holes for an aggregate length of 19,161 m (62,866 feet); metallurgical test work and scoping studies. Between 2012 and 2014, Magellan Gold Corp., a wholly-owned subsidiary of the Vendor, completed limited mappi...