Apollo Declares 110 Million Ounces Silver in Measured and Indicated Resource for Waterloo Property
VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce an updated National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) mineral resource estimate (“MRE”) with an effective date of February 8, 2023, for its flagship Calico Silver Project (“Calico” or the “Calico Project”) located in San Bernardino County, California (the “2023 MRE”). The findings of the 2023 MRE, particularly in terms of size and confidence level, positions Calico and its Waterloo Property (“Waterloo”) resource as one of the largest advanced stage silver projects in North America.
- The findings of the 2023 MRE, particularly in terms of size and confidence level, positions Calico and its Waterloo Property (“Waterloo”) resource as one of the largest advanced stage silver projects in North America.
- Highlights of the Calico Project 2023 MRE1:
110 million ounces (“Moz”) silver (“Ag”) classified as Measured and Indicated (“M&I”) declared at Waterloo with an average grade of 100 grams per tonne (“g/t”) silver:
81% (90 Moz) classified as Measured at 103 g/t silver. - 51 Moz silver classified as Inferred:
70,000 oz Inferred oxide gold (“Au”) ounces added to metal inventory at Waterloo. - “This updated mineral resource estimate significantly de-risks the Calico Project and confirms Waterloo as one of the premier silver development opportunities in any Tier-1 jurisdiction.