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Message: NR Pick River assay results

NR Pick River assay results

posted on Mar 10, 2010 03:45PM

APG) announces that its first drill assay results intercepted high grade gold mineralization at the Pike

River Project, located between its Black Fox gold mine and Grey Fox Project, including a true width drill

interval of

0.8 meter (“m”) at an average gold grade of 86.0 grams per tonne (“gpt”) within 4.2 m of

19.4 gold gpt

in hole GF09-65.

The results from 11 holes, including GF09-65, were part of a 53-hole, 9,936 m core drill program at the

Pike River and Grey Fox properties, adjacent to Apollo’s Black Fox Mine in the Timmins Mining

District, Ontario, Canada, completed in 2009. The results extended the gold mineralized Contact Zone at

Grey Fox by approximately 150 meters to the north into Pike River for a total 850 meters along strike.

Results from the 11 holes are shown in Table One (GF09-56 to GF09-66).

Highlights of the true-width drill intersections with average gold grades include:

Grey Fox Project

GF09-58 – 1.7 m of 9.9 gpt

GF09-60 – 3.6 m of 3.5 gpt

(Including 0.7 m of 12.3 gpt)

Pike River Project

GF09-64 – 4.3 m of 3.0 gpt

GF09-65 – 1.2 m of 10.7 gpt


4.2 m of 19.4 gpt

(Including 0.8 m of 86.0 gpt)

– 1.5 m of 7.2 gpt

GF09-66 – 6.9 m of 3.8 gpt

(Including 1.6 m of 12.7 gpt)

Hole GF09-58 is 25 m south and down dip of hole GF09-55, which contained 17.9 m at an average gold

grade of 14.3 gpt located on the boundary of Grey Fox and the Pike River properties (see Apollo news

release of February 17, 2010).

Hole GF09-60 is on the southern end of the major Grey Fox drill pattern and may indicate the grade is

increasing to the south as well as north as shown by holes GF09-64, GF09-65 and GF09-66 on the Pike

River Property. Results are pending from the remaining 3 holes at Pike River, which were completed in


Figure One below shows the location of the 11 holes as well as the rest of the 53 core holes completed in

2009. Assay results were released on holes GF09-17 through GF09-55 in previous Apollo news releases.

It is expected that the results from the 2009 drill program for Grey Fox-Pike River will be compiled in an

initial Canadian National Instrument 43-101 compliant Measured and Indicated Resource estimate in the

second quarter 2010. The resource estimate will be calculated in the area shown in Figure One that was

drilled at relatively close spacing, along a strike length of about 500 m and a maximum depth of 250 m of

the Contact Zone at the Grey Fox and Pike River boundary. The known Contact Zone mineralization has

been intercepted along 850 meters of strike and remains open on strike to the north, south and down dip.

The Contact Zone is a mineralized fault contact between metasediments and mafic volcanic rocks.


Richard F. Nanna, Senior Vice President of Exploration for Apollo, said, “We believe the results from

holes GF09-64, 65 and 66 indicate strong gold grade mineralization, extending north onto the Pike River

Property, with results pending for the three northern-most holes. Following the completion of our first

identification of resources at the Contact Zone at Grey Fox and Pike River, we will be working on a drill

plan to further define the deposit and increase resources.”

The Grey Fox Project is located about 3.5 kilometers southeast of Apollo’s Black Fox Mine, which

commenced gold production in May 2009. The recently acquired Pike River property lies between the

Black Fox and Grey Fox properties. Apollo controls all three adjoining properties totaling a 17-square

kilometer (“km”) land package, which extends over a 6.5 km strike of the Destor-Porcupine Fault Zone

(“DPFZ”). The DPFZ and its numerous splays are associated with many past and currently producing

gold mines in the Timmins Mining District.

All assay work was completed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in

North America. This news release was reviewed by Richard F. Nanna, Professional Geologist, Apollo’s

Senior Vice President, Exploration and Development and designated “Qualified Person” under Canadian

National Instrument 43-101. All drill assay results are available on the Apollo website at



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