Core Viewpoint - Apollo Silver Corp. has acquired 2,215 hectares of claims adjacent to its Waterloo property, enhancing the Calico Silver Project significantly and presenting new exploration opportunities for high-grade silver and gold targets [1][4][5]. Acquisition Details - The Mule claims consist of 415 lode mining claims and were acquired from LAC Exploration LLC for US$250,000, with LAC retaining a 2.0% net smelter return royalty [6][8]. - The acquisition increases the Calico Project's land area by over 285%, expanding it from 1,194 hectares to 3,409 hectares [7]. Exploration Potential - Preliminary mapping and sampling by the previous operator identified several high-grade silver and gold anomalies on the Mule claims, which will be further evaluated by Apollo [5][7]. - The exploration at the Burcham gold prospect area confirmed the significance of the Calico fault system in controlling mineralization and indicated potential for copper, zinc, and lead mineralization [2][10]. Sampling Results - Recent assays from the Burcham prospect included peaks of 14.10 g/t Au, 20.70 g/t Ag, 0.17% Cu, 22.80% Zn, and 5.74% Pb from various surface samples [7][11]. - The exploration team has completed detailed mapping at the Calico Project, revealing structures similar to those at Waterloo, with strong potential for gold and copper mineralization [11][16]. Marketing Initiatives - The company has engaged Creative Direct Marketing Group, Inc. for marketing services with a budget of approximately US$129,800, aimed at enhancing public awareness and marketing efforts [19][20].
Apollo Silver Expands Calico Project Land Package by over 285%
Globenewswire·2025-05-20 11:00