NIA is excited to announce its #1 favorite US pure silver play: Apollo Silver (TSXV: APGO).
APGO recently raised $52.9 million in a private placement and through its 100% owned Stronghold subsidiary holds rights to three large scale US silver projects: Waterloo and Langtry in California and The Silver District in Arizona. APGO has consolidated the Waterloo and Langtry Projects under one entity for the first time in history giving APGO a 2,950 acre district scale silver project in the Calico Silver Mining District of San Bernardino County, California.
APGO recently closed on its acquisition of Waterloo from Pan American Silver Corp (PAAS) who last explored the project in 2012. Waterloo is located 145 miles northeast of Los Angeles, approximately halfway between Los Angeles and Las Vegas along the I-15 interstate highway. APGO changed its name to Apollo Silver earlier this month to reflect the fact that APGO has become a pure silver play.
Previous operators completed a total of approximately 44,000 metres of drilling across 468 holes in APGO's Calico District land package.
In 2013, PAAS filed a Waterloo technical report showing a non NI 43-101 historical uncategorized resource at Waterloo of 37,079,349 tonnes grading 86 g/t silver for 102,953,457 oz of contained silver. APGO's adjacent Langtry project has a non NI 43-101 historical indicated resource of 12,700,000 tonnes grading 46 g/t silver for 18,809,000 oz of contained silver plus an additional historical inferred resource of 30,400,000 tonnes grading 43.54 g/t silver for 42,623,000 oz of contained silver.
If APGO can successfully confirm these historical silver resources within the Calico Silver Mining District and establish an official NI 43-101 compliant silver resource the company's Calico Silver Mining District would officially become the #1 largest undeveloped silver resource in all of the United States!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from APGO of USD$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.