Community Engagement at Cinco de Mayo Project
Apollo Silver Corp. (“Apollo”) (TSX.V: APGO, OTCQB: APGOF, Frankfurt: 6ZF) is actively engaging with local communities focused on its Cinco de Mayo Project in Mexico. The Company is excited to provide an update on these initiatives that prioritize collaboration and transparency while seeking community support for mineral exploration and mining operations.
Building Relationships with Local Communities
The Company has been in ongoing discussions with elected representatives from various community groups, including the Ejido Benito Juárez and Municipio de Buenaventura. The primary goal of these talks has been to foster public support for resuming mineral exploration at the Cinco de Mayo Project, particularly to lift the access restrictions that were put in place in November 2012. Establishing a long-term access agreement is anticipated, opening doors for both the Company and community members to thrive economically.
Creating a Framework for Economic Partnership
As part of its commitment to responsible development, Apollo is dedicated to creating a mutually beneficial framework. This includes providing regular payments to the community that support local priorities, which are projected to total around US$50 million over the duration of the agreement. The proposed agreement encompasses a 30-year framework benefiting both the Ejido and the Company during various stages of mining and exploration.
Commitment to Local Employment Opportunities
Apollo aims to ensure that local community members are prioritized in employment. Initiatives will promote the hiring of individuals from the Ejido and their descendants, ensuring that economic benefits reach those directly impacted by the project. In addition, the Company encourages local procurement policies favoring local suppliers for services and materials, enhancing community participation in the economic landscape.
Environmental Responsibilities at the Forefront
Apollo is equally committed to environmental stewardship. The Company’s plans include thorough hydrogeological studies to ensure that mining activities will not disrupt community water sources or affect the broader ecosystem. Continuous monitoring of water quality is among the promises made to local communities, reflecting a dedication not just to extraction but to sustainable, responsible mining practices.
Safeguarding Natural Resources
Environmental integrity is paramount throughout all project phases. Apollo has pledged to comply with all federal regulations regarding environmental protection and will implement a series of protective measures such as reforestation, responsible management of materials, and comprehensive land reclamation at the end of the project’s operational life.
Looking Ahead: A Vision for the Future
The renewed focus on responsible mineral exploration is gaining momentum across Mexico, providing a unique opportunity for Apollo to contribute positively to the local economy through ethical mining practices. Ross McElroy, President and CEO of Apollo, emphasized the importance of sharing economic benefits with surrounding communities, stating, “As North America’s better CRD deposits gain attention, Cinco de Mayo represents a meaningful opportunity for sustainable growth.”
About Cinco de Mayo
Covering approximately 25,000 hectares in northern Chihuahua, Mexico, the Cinco de Mayo Project is recognized for its potential carbonate replacement deposits, including significant amounts of silver, lead, and zinc. Previous estimates from 2012 highlighted a considerable mineral resource, with ongoing reviews suggesting the possibility of even larger, higher-grade deposits at the Pegaso Zone, a new discovery prioritized for further exploration.
About Apollo Silver Corp.
Apollo is advancing towards becoming a leader in primary silver production in the U.S. The Calico Project is noted for its sizeable silver deposit accompanied by essential minerals like barite and zinc. With a focused and experienced management team, Apollo is dedicated to delivering value through exploration and development of its projects.
Frequently Asked Questions
What is the Cinco de Mayo Project?
The Cinco de Mayo Project is a major mining initiative in Chihuahua, Mexico, focusing on carbonate replacement deposits, particularly silver, lead, and zinc.
How does Apollo Silver engage with local communities?
Apollo Silver promotes community engagement through discussions, frameworks for economic partnerships, and commitments to local employment and procurement.
What environmental measures does Apollo Silver implement?
The Company conducts thorough hydrogeological studies, monitoring water quality, and implements sustainable practices such as reforestation and land reclamation.
What are the projected economic benefits of the project?
Projected benefits include approximately US$50 million in community payments and increased local employment opportunities through direct hiring practices.
What is Apollo Silver's vision for the future?
Apollo aims to set a standard for responsible mineral exploration and development, ensuring that both the Company and the communities surrounding its projects thrive.
