Highlights:
- 2022 Drill Permit for the
Waterloo Project received from the County; - Maiden resource declaration for Waterloo and Langtry on track for completion in the first quarter of 2022;
3-D induced polarization survey underway, acquisition at Waterloo complete; and- 2021 geological mapping program completed.
“2022 will be a defining year for the Company,” Apollo CEO,
2022 Waterloo Drill Permit and Proposed Program
The County issued Drill Permit is effective from
As previously reported (see news release
- Refine the understanding of the distribution of high-grade silver mineralization;
- Expand silver mineralization and test for other styles of mineralization;
- Test newly identified targets; and
- Obtain relevant geotechnical data and samples for the planned metallurgical testing program.
The proposed 2022 drill program will utilize existing infrastructure (access roads and drill pads) on private lands. Updates on final drill program design and drill collar locations can be expected in early 2022.
Waterloo and Langtry Technical Program Update
The on-the-ground technical program at the Waterloo and Langtry projects began mid-November with a rolling three-dimensional (“3D”) ground induced polarization (“IP”) and resistivity survey. The ground IP survey is being conducted across both the Waterloo and Langtry properties (covering 16 km2) by Dias Geophysical of
Detailed geological field mapping was recently completed by Dr.
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved under the supervision of
For further information about the
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
For further information, please contact:
Chief Executive Officer
Telephone: +1 (604) 428-6128
tomp@apollosilver.com
About
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Cautionary Statement Regarding “Forward-Looking” Information
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the potential of the Company’s properties; the timing and completion of the anticipated declaration of resource estimates at the Company’s silver-barite projects; the evaluation of the quality of the historical data collection, historical estimates, geological models, drilling and assay data, data sets prepared by and acquired from previous operators; timing, execution and cost of future exploration, drilling, metallurgical testing and geophysical program plans and targets; success of exploration activities; the estimation of mineral resources; and conclusions of economic evaluations. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is inherently subject to known and unknown risks, significant operational, economic, and competitive uncertainties, contingencies and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to the Company’s goal of creating shareholder value by concentrating on the development of the Waterloo project, the Langtry project, or the
There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include actual exploration results, interpretation of exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 pandemic, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those discussed or referred to in the Company’s continuous disclosure filings with the securities regulatory authorities in
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, other factors could also cause materially different results. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Source:
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