Apogee Releases Additional Drill Results Including 11.91 Meters Grading 539.92 g/t Silver
June 3rd, 2010, Toronto, Ontario –Apogee Minerals Ltd. (TSX Venture Exchange: APE) reports assay results from an additional three diamond drill holes at the Pulacayo deposit located in southwest Bolivia. DDH’s PUD 135, PUD 138 and PUD 139 were drilled to increase the estimated mineral resource confidence of the resource to indicated and/or measured category and demonstrate continuity in this area of the deposit. In the opinion of the Company, the excellent grade and thickness of the deposit, along with the close proximity to existing mining infrastructure may result in the deposit being considered for early production in future development plans. The Company is also encouraged that these holes are within the existing NI 43-101 resource area (See Press Releases dated March 15, 2010, January 15, 2010 and February 10, 2009 and the NI 43-101 compliant technical report dated December 2008 filed under the SEDAR profile of the Company at www.sedar.com).
As set out in the table below, the Company believes the results are indicative of the continuity of the high grade zones and assays (See Table 1 and Figure 3). Highlights from the drilling include:
- DDH PUD 135 which intersected 11.91 meters grading 539.92 g/t silver, 0.90% lead and 0.63% zinc within a 20 meter interval grading 325 g/t silver, 0.62% lead and 0.66% zinc.
- DDH PUD 138 which intersected 17 meters grading 318.47 g/t silver, 0.71% lead and 1.57% zinc within a 42.0 meter interval grading 181.66 g/t silver, 0.75% lead and 1.78 5 zinc.
- DDH PUD 139 which intersected 27 meters which graded 80.36 g/t silver, 0.30% lead and 0.73% zinc.
Previous drilling intersected high grade mineralization within the deposit in this area and as such it is of interest for early production. The holes were drilled from an underground station and provide better definition of the high grade zone in this area. These results confirm both the high grades and the substantial widths of the deposit in this area and expected to be key in increasing the resource category and confidence of the resources when the next resource assessment is completed following the current drill campaign.
The following table provides the detailed results from the additional drill holes:
The Pulacayo Deposit is a thick east-west striking zone of conjugate veins, stockwork and disseminated sulphides that locally are up to 200 meters thick with a higher grade core that comprises the resource and may exceed 60 meters in thickness locally. The known strike length of the Tajo Vein System which hosts the Pulacayo deposit is close to 3 kilometers and it remains open at both ends along strike (Figure 2). Mineralization comprises sphalerite, galena and tetrahedrite in sulphide-rich veins ranging from a few centimeters to greater than one meter thick and heavily disseminated sphalerite, galena and tetrahedrite between the veins.
Quality Control
The Company employs a quality assurance/quality control protocol on all aspects of the diamond drilling, sampling and analytical procedures. The Quality Control and all aspects of the exploration program are supervised by Apogee’s Vice President of Exploration, Joaquin Merino, P. Geo, a qualified person as defined by NI 43–101. Mr. Merino has reviewed and approves the scientific and technical information presented in this press release.
This release has been reviewed and approved by Chris Collins, P. Geo., President of Apogee and a qualified person as defined by NI 43-101.
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.
For Further Information Contact:
Ana Lopes, Investor Relations – phone: (1) 416 861-2264
Email: info@apogeesilver.com
