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Apollo Silver Reports New Assays from Calico: Results Continue to Validate Maiden Silver Resource Estimate and Expand Gold Target
VANCOUVER, British Columbia, July 26, 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, July 26, 2022 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to report new assay results from the 2022 Drill Program at the Calico Silver Project’s Waterloo Property (“Calico” or the “Project”) located in San Bernardino County, California. Silver assay results continue to be consistent with the silver grades in the resource block model, illustrating the predictable nature of the silver (“Ag”) mineralization. Additionally, gold assay results continue to expand the gold (“Au”) mineralized horizon. Results below are reported for 11 reverse circulation (“RC”) drill holes which were drilled between early May to mid-June 2022 and bring the results released to market for this portion of the drill program to a total of 21 holes (2,281.50 m), of 44 holes completed to date (5,021.0 m). Drilling is part of the multi-component 2022 Calico Technical Program, which aims to upgrade and expand the previously announced maiden 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)1. SILVER HIGHLIGHTS Hole W22-RC-011 137 g/t Ag over 76.5 metres (“m”) from 16.0 m depth down hole; including 477 g/t over 1.5 m from 46.0 m depth down hole; Hole W22-RC-013 107 g/t Ag over 73.5 m from 19.0 m depth down hole; and Hole W22-RC-020 86 g/t Ag over 107.5 m from surface; and Hole W22-RC-024 84 g/t Ag over 89.0 m from surface. Silver assays are reported at a 50 g/t silver cut-off grade with up to 4.5 m dilution and are uncapped. Lengths are down hole lengths and may not represent true widths. GOLD HIGHLIGHTS Hole W22-RC-012 0.354 g/t Au over 27.0 m from 94.0 m depth down hole; including 1.960 g/t Au over 1.5 m from 101.5 m depth down hole; Hole W22-RC-013 0.417 g/t Au over 19.5 m from 134.5 m depth down hole; and including 1.230 g/t Au over 1.5 m from 142.0 m depth down hole; Hole W22-RC-022 0.219 g/t Au over 27.0 m from 79.0 m depth down hole; and Hole W22-RC-023 0.313 g/t Au over 10.5 m from 49.0 m depth down hole. Gold assays are reported at a 0.1 g/t gold cut-off grade with up to 4.5 m dilution and are uncapped. Lengths are down hole lengths and may not represent true widths. 1The MRE has bee...