- Phase 2 of Apollo Silver’s (APGO) 2022 drilling program is currently underway at its Calico Silver Project located in San Bernardino County, California
- Thirteen of the proposed 39 reverse circulation drill holes have been completed, totalling 1,829 metres. A total of 4,300 metres is planned for the program
- The company has also commenced initial groundwater assessment work to assess groundwater quality, depth, and well-pumping capacity
- Apollo Silver Corp. (APGO) opened trading at C$0.145
Phase 2 of Apollo Silver’s (APGO) 2022 drilling program is currently underway at its Calico Silver Project located in San Bernardino County, California.
This phase is one component of the 2022 Calico technical program to upgrade and expand the company’s Inferred Mineral Resource Estimate of 166 million ounces of silver contained in 58.1 million tonnes at an average grade of 89 grams per tonne (g/t).
Thirteen of the proposed 39 reverse circulation (RC) drill holes have been completed, totalling 1,829 metres. A total of 4,300 metres is planned for the program.
The company has also commenced initial groundwater assessment work to assess groundwater quality, depth, and well-pumping capacity.
Apollo’s CEO Tom Peregoodoff said phase 2 is progressing on schedule and on budget.
“The commencement of the groundwater monitoring program is an important milestone as we advance the Calico Project. Understanding the nature and availability of groundwater in the Calico Project area will be a critical component of our strategy to secure water resources required to support future development. As has been our previous experience with obtaining permits for the drill program, we received the permit to drill a new water well in a very timely fashion from the County of San Bernardino.”
Phase 2 is expected to conclude in late November 2022, with completion by Q1 2023.
The Project is located in San Bernardino County, California and comprises the adjacent Waterloo and Langtry properties totalling 11.93 sq. km.
The Project is 15 km from the city of Barstow and has an extensive private gravel road network spanning the property.
There is commercial electric power within 5 km of the project.
It focuses on advancing its portfolio of two significant silver exploration and resource development projects, the Calico Silver Project in San Bernardino, California, and the Silver District Project in Arizona.
Apollo Silver Corp. (APGO) opened trading at C$0.145.
