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Apollo Silver Provides Calico Silver Project 2022 Drill Program Update: Drill Rig Mobilization to Commence March 29, 2022
VANCOUVER, British Columbia, March 24, 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 24, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to provide an update on the upcoming 2022 Drill Program at its Calico Silver Project (“Calico” or the “Project”) located in San Bernardino County, California. The 2022 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 (“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). Preparations for the drill program are well-advanced and the reverse circulation (“RC”) drill rig will be mobilized to the Project from Monte Vista, Colorado by Cooper Drilling LLC (“Cooper Drilling”) commencing on March 29, 2022. Drilling is planned to commence April 4, 2022. The RC drill rig arrived at Cooper Drilling in Colorado, on February 9, 2022. Major modifications were made to the rod handling and sampling systems and a thorough operational and safety inspection of the rig has been performed. A test hole was completed to a depth of 450 feet in overburden, mudstone and basalt on March 19, 2022. The rig performed well and is now being prepared for shipment to Calico. “With timing of the mobilization of the drill rig now confirmed, commencement of the first hole is imminent,” Apollo CEO, Tom Peregoodoff, commented. “The delay we have encountered was a direct result of issues related to the US/Canadian border blockade and broader supply chain issues that are all too familiar to most industries. Ultimately this delay should have no impact on the timing of the planned resource update and commencement of the Preliminary Economic Assessment in Q4. The 15,000 metre program we are announcing today is designed primarily to increase both the size and confidence in the resource at Calico. Testing of the recently identified gold mineralized horizon is also a key aspect of the program. Our initial drilling will focus on expanding the distribution of the known high-grade silver and results will be released as they become available.” 2022 Calico Technical Program The 2022 Calico Technical Program is comprised of three components: Drilling, Metallurgical Te...