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

Tech company laying off 584 employees in California

CALIFORNIA – Intel Corporation notified the California Employment Development Department (EDD) that it would...

Adelanto Town Center development continues along Highway 395

ADELANTO – The City of Adelanto announced, July 10, progress on Phase 1 of...

New Car Dealer Association offering paid 2-year auto tech apprenticeship to fill 5,000 CA jobs

CALIFORNIA – The California New Car Dealers Association (CNCDA) Foundation, announced July 10 that...

Three men in custody for bank-jugging style burglary in California

CALIFORNIA – Three men are in custody after committing a vehicle burglary July 8...

More like this

New Car Dealer Association offering paid 2-year auto tech apprenticeship to fill 5,000 CA jobs

CALIFORNIA – The California New Car Dealers Association (CNCDA) Foundation, announced July 10 that...

SoCal dad wins $5 million from scratcher while giving his wife some ‘mommy time’

CALIFORNIA – California Lottery announced, June 18, a California dad won $5 million from...

California launches $20,000 mortgage relief grant program for disaster survivors

CALIFORNIA – Governor Gavin Newsom announced that California is launching the CalAssist Mortgage Fund...