Apollo Silver Corp. Expands Calico Project with New Claims
Apollo Silver Corp. (TSX.V: APGO, OTCQB: APGOF, Frankfurt: 6ZF0) is excited to announce a major expansion of its Calico Silver Project. The company has acquired a significant addition of 2,215 hectares of highly prospective land, referred to as the Mule claims. This land adjacent to the existing Waterloo property has been sourced from LAC Exploration LLC, part of Lithium Americas Corp., which previously operated in the area.
Exploration Significance of Mule Claims
The Mule claims consist of 415 lode mining claims. According to initial studies by previous operators, these claims are promising, with high-grade silver targets having been identified. Apollo will incorporate these findings into its future exploration programs, aiming to deepen its understanding and maximize the value of the Calico Project.
Enhancement of Land Package
The acquisition of the Mule claims enhances the Calico Project’s land package by a remarkable 285%, expanding it from 1,194 hectares to 3,409 hectares of contiguous claims. This expansion is strategically significant, following the mineralized Calico Fault System that has influenced mineralization in the area. Data from previous operations highlighted multiple silver anomalies on the property, potentially leading to substantial discoveries in the upcoming exploration activities.
Burcham Prospect Evaluation
Recent geological evaluations at the Burcham gold prospect, located on the Waterloo property, have reaffirmed the Calico fault's critical role in controlling the region's silver and gold mineralization. The study also indicated potential for copper, zinc, and lead mineralization tied to stratabound and mantos-type lenses. The exploration team has noted several noteworthy assay results, including peaks of 14.10 g/t of gold and 20.70 g/t of silver from surface samples.
Details of the Acquisition
The acquisition transaction was executed through Apollo's U.S. subsidiary, Stronghold Silver USA Corp. Apollo invested US$250,000 for the claims, and in return, LAC retains a 2.0% net smelter return royalty on the claims. This acquisition not only underscores Apollo's commitment to exploration but also signals its strategic plans for resource development.
Upcoming Exploration Activities
The company has ambitious plans for ongoing exploration at the Burcham prospect, including advanced mapping and sample collection aimed at developing future drilling targets. The exploration team is expected to conduct detailed analyses, leveraging historical data and assessments. The focus remains on exploring the Calico Mineralized Corridor, which has demonstrated its potential for further mineral discoveries.
Quality Assurance and Future Strategies
Apollo Silver also emphasizes the importance of stringent quality assurance protocols. The company’s QA/QC program ensures that thorough auditing of laboratory results is conducted. It confidently reports that prepared samples are handled by ALS Global Geochemistry for analysis, reinforcing its commitment to result accuracy and reliability.
Marketing and Engagement Initiatives
As part of its 2025 marketing strategy, Apollo has engaged with Creative Direct Marketing Group, Inc. to enhance brand awareness and stakeholder communication. This initiative is expected to boost the company’s visibility in the competitive mining industry and facilitate future outreach efforts.
About Apollo Silver Corp.
Apollo Silver Corp. has built a robust leadership team dedicated to advancing premier precious metals projects. The company is focused on its silver exploration endeavors, including the Calico Project in California and the Cinco de Mayo Project in Mexico. The strong foundation and strategic insight position Apollo for ongoing success in the mineral sector.
Frequently Asked Questions
What prompted the acquisition of the Mule claims?
The acquisition provides significant enhancements to Apollo's mineral exploration prospects, expanding their land holdings for future resource development.
How will the Mule claims impact Apollo’s exploration plans?
With high-grade silver anomalies identified, the Mule claims are expected to increase the potential for significant new discoveries in the Calico Project.
What is the significance of the 285% increase in land area?
This substantial increase allows Apollo to explore additional mineralization areas while leveraging the established geological framework of the Calico Fault System.
What minerals are being explored at the Burcham prospect?
Apollo is particularly focused on silver, gold, copper, zinc, and lead mineralization at the Burcham prospect and throughout the Calico Project area.
Who can I contact for additional information about Apollo Silver Corp.?
For further inquiries, you can reach out to Amandip Singh, VP of Corporate Development, at +1 (604) 428-6128 or via email.
