Apogee Discovers New Silver-Zinc Zone Along Hampaturi Southwest at La Solucion Mine
APOGEE MINERALS LTD.
65 Queen Street West, Suite 815
Toronto, Ontario M5H 2M5
APOGEE DISCOVERS NEW SILVER-ZINC ZONE ALONG HAMPATURI SOUTHWEST AT LA SOLUCION MINE Includes 5m of 114 g silver/t, 3.47% zinc, 2.86% lead, 0.09 g gold/t
TORONTO, ON April 3, 2007, Apogee Minerals Ltd. (TSX Venture Exchange: APE) has intersected significant new silver-zinc-lead mineralization at the Hampaturi Southwest target, 150m along strike from the Hampaturi South Zone, at the southwestern end of Apogee’s 100% owned La Solucion Mine.
Mineralized intersections include:
* SH-65 5.0m (2.99m TT) 114.6g silver/t, 3.47% zinc, 2.86% lead, 0.09g gold/t
Incl 2.0m (1.20m TT) 255.5g silver/t, 6.76% zinc, 6.32% lead, 0.09g gold/t
* SH-61 3.0m (2.31m TT) 37.33g silver/t, 3.99% zinc, 1.10% lead, 0.04g gold/t
Incl 1.0m (0.77m TT) 87.00g silver/t, 3.63% zinc, 2.96% lead, 0.07g gold/t
(TT = True Thickness)
Vice President, Exploration Doug Currie stated: “Once again, step-out drilling has successfully located high grade silver-zinc mineralization along the Hampaturi structure. These results indicate there is potential to delineate an additional shoot parallel to the recently defined resource at Hampaturi South, and confirm our belief in the exploration potential of the structure which has a strike length of approximately 10km.”
The new mineralization discovered at Hampaturi Southwest is located approximately 150m to the southwest and along strike of the Hampaturi South Zone, within the strike extension of the main Hampaturi Vein structure which is the host to mineralization currently being mined by Apogee at the La Solucion mine (Figures 1, 2).
Apogee recently released final results of definition drilling and a mineral resource estimation for the Hampaturi South Zone (See Press Releases February 15, 2007 and February 21, 2007), as follows:
Apogee President and CEO John Carlesso commented: “This continued exploration success at La Solucion underscores the unique opportunity that is being presented to our company; having existing production along with the potential to expand resources and production rates. This gives us a measure of self-sustainability through cashflow while simultaneously developing the blue-sky potential of the project.”
Three of six drillholes completed at Hampaturi Southwest, SH-61, 63 and 65, intersected significant mineralization in quartz-siderite veins, with sphalerite, galena, chalcopyrite and varying amounts to abundant pyrite, similar in style to those present within the La Solucion Mine and at Hampaturi South.
Although it is premature to speculate on the potential geometry and size of any mineralized body to be delineated at Hampaturi Southwest, Apogee’s exploration team believes there is potential for a northerly plunging shoot parallel to that defined at Hampaturi South which measures approximately 100-125m wide, 125-150+m down dip/plunge and averaging 4.3m in True Thickness. The Hampaturi South shoot is still open at depth , the southwestern boundary has not been defined and also may also be open (Figure 2).
Drilling is required to further define the Hampaturi Southwest Zone and particularly to drill between this and the Hampaturi South Zone to see if mineralization is continuous between the two zones.
Further drilling is also still required to evaluate shallow mineralization encountered in holes SH-39, 56, 58 and 59 beneath historical workings between Hampaturi South and the main La Solucion Mine immediately below the -45Level (Press Release February 15, 2007). Apogee is currently preparing drill platforms to commence the next phase of drilling at Hampaturi Southwest.
About Apogee Minerals
Apogee Minerals Ltd. is a Canadian producer of silver-zinc-lead and also carries out exploration and development activities. The Company is listed on the TSX Venture Exchange under the symbol APE. Apogee is focused on advanced silver-zinc-lead projects in South America that demonstrate the potential to be rapidly developed to production. Currently all of its projects are located in the historic silver producing regions of central and southwest Bolivia. The Company’s 100%-owned La Solucion Mine has a 14 year production history and has a 120 tonne per day flotation mill. The Pulacayo-Paca project is an option to joint venture with Apex Silver Mines Ltd. The project occupies the property that includes the second-largest silver mine in the history of Bolivia with over 600 million ounces of past production.
For Further Information Contact:
Ana Lopes, Investor Relations – phone: (1) 416 861 5902
Email: info@apogeeminerals.com
Web: www.apogeeminerals.com
Forward Looking Statements
This document may contain or refer to forward looking information based on current expectations, including, but not limited to, mineralization projections, estimates regarding the timing for resource modeling and the preparation of a 43-101 compliant technical report and the impact of additional drill hole data on the existing resource estimate and the Company’s understanding of the Property. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
