CALICO – The Apollo Silver Corp., announced June 29, the results of the 2022 Drill Program at the Calico Silver Project’s Waterloo Property – “near-surface, broad, high-grade silver mineralization and an expanded gold mineralized horizon.”
The project is in the southern Calico Mountains of the Mojave Desert. This mountain range is a 9 mile long range dominantly composed of volcanic and sedimentary rocks.
“I am very pleased with initial results from our ongoing 2022 drill program,” said Apollo CEO Tom Peregoodoff. “Results from these first 10 holes validate the high-grade, shallow, and continuous nature of the silver mineralization at Calico. Further, they have verified and expanded the excellent gold target at Waterloo.”
The process of mineralization includes chemical alteration, replacement, and enrichment of minerals within igneous, metamorphic, and sedimentary rocks.
A total of 37 holes have been completed as of June 26, 2022.
Nine of the 10 holes of silver mineralization were above 50 grams per ton and seven holes show intercepts of high-grade silver – greater than 100 grams per ton.
Gold intercepts are reported for eight holes. Apollo reviewed historic drilling and recent surface mapping. They concluded that there is evidence to suggest that the 2.2 km between the Barstow sediments and the Pickhandle volcanic rock formation is prospective for gold.
“With more than 1,500 samples currently being processed at ALS [ALS Global-Geochemistry in Reno, Nevada], shareholders can expect to see regular release of new assay results,” said Peregoodoff.
About Apollo Silver Corp.
Apollo Silver Corp. focused on advancing its portfolio of two silver exploration and resource development projects, the Calico Silver Project, in San Bernardino, California and Silver District Project in La Paz County, Arizona.
For more information about the recent drill findings visit https://finance.yahoo.com/news/initial-assay-results-2022-drill-110000262.html