Apogee Awards Contract for Environmental Baseline Studies and Monitoring at Pulacayo
Toronto, Ontario – June 10, 2010 – Apogee Minerals Limited (“Apogee” or “the Company”) (TSX Venture Exchange: APE) today announces that it has awarded a contract to complete the environmental baseline studies required to secure permits for the proposed development of the Pulacayo deposit, located in southwest Bolivia, to Medio Ambiente Mineria e Industria, (Medmin). Medmin is a well respected independent Bolivian environmental engineering consulting firm based in La Paz. The work to be undertaken follows a plan as prescribed by the Bolivian Ministry of Water and Environment (the “BMWE”) and resulting from Apogee’s November 2009 submission to BMWE entitled, “Environmental Form: Mineral Extraction, Milling and Construction of Tailings Facilities – Pulacayo“. This report, which was also prepared by Medmin, on behalf of Apogee, was approved by the BMWE in December 2009. (See Press Release dated January 8, 2010).
The program involves the acquisition of environmental baseline data during both semester 1 (wet season) and 2 (dry season), for the most important environmental ecosystem factors including; flora, fauna, hydrology, soil and atmosphere. The data will be incorporated into the Environmental Impact Assessment Study (the “EEIA”), to obtain the Environmental Impact Declaration (the “DIA”), which is required to secure the environmental permits to conduct mining and milling activities at the Pulacayo site.
Medmin anticipates that all of the necessary component baseline studies required to prepare the EEIA may be completed by the end of November 2010 and expects that a final report may be ready for submission to the BMWE as early as February, 2011. Data collection for semester 1 (wet season) has already been undertaken during February and March of this year, to ensure that the data acquisition phases can be fully complete within the 2010 calendar year.
In addition to the aforementioned initiatives, Medmin have also been engaged by the company to complete the required environmental monitoring of the ongoing exploration activity for semesters 1 (wet season) and 2 (dry season) according to the Application and Environmental Control Plan of Apogee Minerals as required by the environmental authority of the Potosi region of Bolivia.
About Apogee Minerals Limited
Apogee Minerals Ltd. is an exploration stage company a listed on the TSX Venture Exchange under the symbol APE. Apogee targets advanced silver-zinc-lead projects in South America that demonstrate potential to be rapidly developed to production. Currently its projects are located in the historic silver producing regions of southwest Bolivia and northern Chile.
Its most advanced project is the Pulacayo-Paca project in Bolivia, which is an option to joint venture with Golden Minerals Company. This project includes the property that covered the second-largest silver mine in the history of Bolivia with over 600 million ounces of past production.
About Apogee Minerals Limited
Ana Lopes, Investor Relations – phone: (1) 416 861-2264
Email: info@apogeesilver.com