ONTARIO – APOLLO GOLD CORP. of Denver has filed an NI 43-101 report for its 100%-owned Black Fox project near Timmins. Figures were given for both open pit and underground mines. The potential open pit contains 448,000 oz of gold in reserves of 3.06 million tonnes grading 4.56 g/t Au, indicated resources of 2.36 million tonnes at 3.27 g/t Au, and inferred resources of 6.63 million tonnes at 4.00 g/t Au. Resources identified to support underground development include 1.00 million tonnes at 9.66 g/t Au (indicated) and 1.23 million tonnes at 9.71 g/t Au (inferred).
Apollo has investigated both building a mill at the site and toll milling, favouring the second option. See the company’s website at www.ApolloGold.com. The NI 43-101 report was prepared by MINE DEVELOPMENT ASSOCIATES of Reno, Nevada (www.MDA.com).