Apollo Silver Corp. Enhances Leadership and Advances Projects
Apollo Silver Corp. Enhances Leadership and Advances Projects
Apollo Silver Corp. ("Apollo" or the "Company") (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is excited to share important updates regarding its Calico Silver Project. This project continues to gain momentum due to the Company's proactive efforts in expanding its team and resources.
Recent Developments in Project Management
To propel the Calico Project forward, Apollo has appointed Tony Gonzales, P.Geo., as Senior Project Manager. With over 35 years of experience in mineral exploration—a career that includes significant roles at renowned companies like BHP and Fission Uranium—Tony brings exceptional expertise that will strengthen Apollo's strategic direction.
Leadership Experience
Tony’s previous roles have equipped him with the skills necessary to drive the development of Calico. At BHP, he played a crucial part in taking the EKATI Diamond Mine from exploration to production. His leadership experience at Fission Energy, where he managed the advanced exploration of the J Zone uranium deposit, adds significant value to Apollo’s plans as they advance their exploration and development initiatives.
Strategic Amendments to Options and Permits
Apollo has successfully negotiated an extension to its purchase agreement for the Strachan portion of the Langtry Property. This extension adds an additional nine years to the acquisition timeframe, providing more flexibility and security as the Company seeks to increase its silver resources. The amendment modifies the purchase price, making it more favorable for Apollo and allowing for manageable annual option maintenance payments that can be credited against the future purchase cost.
Waterloo Permit Extensions
Simultaneously, the Company has obtained a third extension for a Temporary Use Permit (TUP) for its Waterloo Property. This permit approval confirms that Apollo can continue its exploration drilling efforts for an additional twelve months, ensuring that they maintain steady progress in their project development activities.
Enhancing the Technical Advisory Team
The Company is also enhancing its project team with new technical advisors. Apollo is pleased to announce that George Kenline, PG, CHg, CEG, has joined the team. He is a licensed engineering geologist and hydrogeologist with extensive knowledge of permitting and environmental regulations specific to California. George's expertise will be invaluable as Apollo navigates through the permitting process and focuses on compliance with environmental standards.
Engagement with a Consulting Firm
In addition to George Kenline, Apollo has partnered with Genesg, a consulting firm celebrated for its capability in stakeholder engagement, sustainability, and environmental, social, and governance (ESG) leadership. This collaboration will empower Apollo as it advances the Calico Project, ensuring it is well-prepared for future development phases.
Overview of Apollo Silver Corp.
Apollo Silver Corp. is on a mission to advance one of the largest undeveloped primary silver projects in the United States. The Calico Project is distinctive not only for its substantial silver reserves but also for its significant barite credits, which are essential for multiple industries, including energy and healthcare. The Company also holds exciting potential through its Cinco de Mayo Project in Mexico, noted for its high-grade carbonate replacement deposits.
Apollo is steered by an experienced management team recognized for driving the company toward its strategic mining objectives. With recent team enhancements and project expansions, Apollo is poised to deliver enhanced value and growth through diligent exploration and sustainable development practices.
Frequently Asked Questions
What is the significance of the Calico Silver Project?
The Calico Silver Project is a pivotal asset for Apollo, representing one of the largest undeveloped primary silver deposits in the US, with substantial reserves and barite credits.
Who is Tony Gonzales?
Tony Gonzales is the newly appointed Senior Project Manager at Apollo, bringing over 35 years of mineral exploration expertise to lead the advancement of the Calico Project.
What are the recent changes to the Langtry Option Agreement?
The Langtry Option Agreement has been amended to extend the acquisition period to 2034 and adjust the purchase terms to make it more beneficial for Apollo.
How will the Waterloo Property permit extension impact exploration?
The permit extension allows Apollo to continue exploration drilling for an additional year, which is critical for refining their resource estimates and development plans.
What role does the technical advisory team play in Apollo’s strategy?
The technical advisory team, including George Kenline and the consulting firm Genesg, will guide Apollo through crucial permitting processes and ensure adherence to sustainable practices as the project develops.
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