Apollo Gold Commences 2008 Drilling Program and Expands its Land Position at the Black Fox Projectadmin
Apollo Gold Corporation announce that a surface core drilling program commenced on September 3, 2008 on its Grey Fox property, which is part of the Company’s Black Fox Project located near Matheson, Ontario, Canada.
Richard Nanna, Senior Vice-President of Exploration and Development for Apollo, stated, “A previous owner of the property, Battle Mountain Gold Company, conducted a drilling program which indicated the existence of a gold zone close to the Grey Fox property’s surface. As this work was conducted prior to the implementation of Canadian National Instrument 43-101, however, it is not in compliance with current guidelines and therefore cannot be relied upon. The first phase of Apollo’s drilling program is designed to confirm the presence of a gold zone close to the surface and is expected to consist of approximately 3,000 meters of core drilling.”
In addition to the Grey Fox drilling program, the Company has acquired the surface and mineral rights of parcel 10706, consisting of approximately 160 acres, which is contiguous with the south-east boundary of the Black Fox Project. Apollo believes that this property has exploration potential to be located on the Destor Porcupine Fault structure and will provide greater flexibility in the Company’s permitting and surface facility planning.
This press release has been reviewed and approved by Richard Nanna, Professional Geologist, Apollo’s Senior Vice-President, Exploration and Development. Mr. Nanna is designated a “Qualified Person” under Canadian National Instrument 43-101.
Apollo is a gold mining and exploration company that operates the Montana Tunnels mine, which is a 50% joint venture with Elkhorn Tunnels, LLC, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico.