Apollo Silver declares 166M in Calico!

Published on

calico silver project

CALICO MOUNTAINS – Apollo Silver Corp., a Canada-based exploration company, announced Wednesday, that 166 million ounces of silver is contained in the Calico Mountains. According to Apollo Silver CEO Tom Peregoodoff, the estimate confirms Calico as one of the largest undeveloped silver deposits in the US and positions Calico, located nine miles north of Barstow, as one of the largest globally.

“This resource estimate represents the achievement of a significant milestone,” said Peregoodoff. “Calico represents an exciting development opportunity and provides low risk leverage to future silver prices. For investors looking for exposure to silver in a Tier 1 jurisdiction, Calico represents a compelling opportunity.”

Silver is currently priced at $23.72 an ounce.

The company sees growth opportunities in extending the mineralization footprint and expanding the mineral inventory by defining the extent of gold and barite mineralization.

Historically, the Calico Mining District produced over $20,000,000 of silver, from 1880 to 1940, ranking the district as the largest silver producer in California. Founded in 1881 as a silver mining town, today it is a county park.

Apollo’s Calico Silver Project consists of the Waterloo property – 21 unpatented claims of 1,352 acres and the adjacent Langtry property which has 20 patented claims of 413 acres in addition to 38 unpatented lode mining claims of 767 acres. A mining claim is a parcel of land for which the claimant has asserted a right of possession and the right to develop and extract a discovered, valuable, mineral deposit.

Mining claims can be filed with the Bureau of Land Management for federally-administered lands in Alaska, Arizona, Arkansas, California, Colorado, Florida, Idaho, Louisiana, Mississippi, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming.

For more information about the Apollo Silver Corp. visit https://apollosilver.com/

spot_img

Latest articles

75th Annual Victorville Christmas Parade brings the community together for the holidays

VICTORVILLE – Horses, Christmas floats and local marching bands playing holiday music marked the 75th Annual Victorville Children’s Christmas Parade, Saturday, in Old Town Victorville.

Water Leaders application due Dec. 7

STATEWIDE – The Water Education Foundation’s Water Leaders program, aimed at emerging leaders involved with water, is accepting applications until Dec. 7 for the 2023 class.

Survey finds 88% of adults in Inland Empire are concerned about lack of ‘well-paying jobs’

INLAND EMPIRE – Public Policy Institute of California (PPIC) an independent, nonpartisan research group, released regional results, Dec. 1, from its latest survey Californians and Their Economic Well-Being.

High Desert America’s Job Center holding hiring event in response to United Furniture Industries mass layoff

VICTORVILLE –  High Desert America's Job Center is holding a special Rapid Response hiring event for United Furniture Industries (UFI) employees who were recently laid off from the Victorville distribution center.

More like this

Survey finds 88% of adults in Inland Empire are concerned about lack of ‘well-paying jobs’

INLAND EMPIRE – Public Policy Institute of California (PPIC) an independent, nonpartisan research group, released regional results, Dec. 1, from its latest survey Californians and Their Economic Well-Being.

Victorville hosting workshops for $1.9 million available in grants

VICTORVILLE – Victorville will be holding its first technical assistance workshop, Tuesday, Nov. 29, to help nonprofit organizations prepare grants applications.

Report says homes near ALDI have highest 5-year price appreciation

HESPERIA – ATTOM, a real estate data analytics firm, published Tuesday, its annual Grocery Store Wars report.