Apollo Silver Announces Ejido Vote on Mining Moratorium at Cinco de Mayo

8 hours ago 4

Article content

A potential new discovery, called the Pegaso Zone was not included in the 2012 historical MRE. Apollo’s technical team considers this intersection as a high priority target that has potential to be a significant new discovery. The Company’s initial review of historical data suggests that the Pegaso Zone could indicate a larger and higher-grade resource at depth.

Article content

About Apollo Silver Corp.

Article content

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Apollo is well positioned to advance the assets and deliver value through exploration and development.

Article content

Please visit www.apollosilver.com for further information.

Article content

Qualified Person

Article content

The scientific and technical data contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo’s Director, Mineral Resources. Ms. Lépine is a registered professional geologist in British Columbia and a QP as defined by NI 43-101 and is not independent of the Company.

Article content

ON BEHALF OF THE BOARD OF DIRECTORS

Article content

Colin Sutherland
President and CEO

Article content

For further information, please contact:
Email: [email protected]
Telephone: +1 (604) 428-6128

Article content

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Article content

Cautionary Statement Regarding Historical Mineral Resource Estimates

Article content

This 2012 historical MRE referenced above is considered historical in nature and the reader is cautioned not to treat this estimate as current Mineral Resources, nor should they be relied upon. They are included here as an indication of the mineralization of the Project. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.

Article content

Cautionary Statement Regarding “Forward-Looking” Information

Article content

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the timing and outcome of the Ejido assembly vote, including the potential lifting of the moratorium on mining activities that has been in place since 2012; the terms and execution of an access agreement with the Ejido; the timing, nature, and results of exploration and development activities at Cinco de Mayo; the exploration potential of the Project, including the potential discovery and significance of the Pegaso Zone; interpretations of historical data; the potential size, grade, continuity, and extent of mineralization, including at depth; potential future mining operations; the expected economic and social benefits to the Ejido and surrounding communities; and the Company’s future plans, strategies, and objectives. Forward-looking statements include predictions, projections and forecasts and are often, but not
always,
identified
by
the
use
of
words
such
as
“anticipate”,
“believe”,
“plan”,
“estimate”,
“expect”,
“potential”,
“target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Article content

Forward-looking statements are based on
the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated, including but not limited to: the outcome of the Ejido assembly vote; the ability to negotiate and execute an access agreement on acceptable terms; risks inherent in mineral exploration; uncertainty of mineral resource estimates; fluctuations in commodity prices; regulatory and permitting risks; title risks; and general economic and market conditions.
Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including
but
not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters
as
plans
continue
to
be
refined. Forward-looking statements are based on assumptions management believes to be reasonable, including
but
not
limited
to
the
price
of
silver,
gold
and
barite;
the
demand
for
silver,
gold
and
barite;
the
ability to
carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results
not
to
be
as
anticipated,
estimated
or
intended.
There
can
be
no
assurance
that
forward-looking
statements
will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except
in
accordance
with
applicable
securities
laws.
The
forward-looking
information
contained
herein
is
presented
for the
purpose
of
assisting
investors
in
understanding
the
Company’s
expected
financial
and
operational
performance
and the
Company’s
plans
and
objectives
and
may
not
be
appropriate
for
other
purposes.
The
Company
does
not
undertake to update any forward-looking information, except in accordance with applicable securities laws.