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Apollo Gold Corporation Drills Additional ``High Grade'' Intercepts at the Black Fox Project.


Business Editors

DENVER--(BUSINESS WIRE)--Jan. 14, 2004

Apollo Apollo (əpŏl`ō), in Greek religion and mythology, one of the most important Olympian gods, concerned especially with prophecy, medicine, music and poetry, archery, and various bucolic arts, particularly the care of flocks and herds.  Gold Corporation (AMEX AMEX

See: American Stock Exchange
:AGT AGT antiglobulin test. ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:APG APG Assists Per Game (basketball)
APG Assists Per Game (hockey statistic)
APG Aberdeen Proving Ground
APG Automated Password Generator
APG Asia Pacific Group on Money Laundering
) has been conducting an intensive core drilling program to define resources and reserves for the proposed open-pit and underground sections of the Black Fox Project.

The total drilling program (for both surface and underground) for the Black Fox Project now includes 297 holes and over 271,000 feet (82,622 meters) of core drilling. Highlights of the latest program are released below. All announced results are fire assays for gold of composite drill hole samples that are routinely run in duplicate DUPLICATE. The double of anything.
     2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect.
 by two separate labs (Swastika swastika

Equilateral cross with its arms bent at right angles, all in the same rotary direction, usually clockwise. It is used widely throughout the world as a symbol of prosperity and good fortune.
 Lab Limited and SGS SGS Société Générale de Surveillance
SGS Symantec Gateway Security (appliance)
SGS School of Graduate Studies
SGS Subgrid Scale
SGS Singapore Government Securities
SGS Shell Global Solutions
 Minerals Services).

January January: see month.  14, 2004

Open Pit Intercepts:

                                             Assay            Assay
Hole I.D.   T.D.    From      To     Width   ounce/  Width    grams/
                                      Feet    ton    meters   tonne
----------------------------------------------------------------------
03BF156   1512.1ft 1308.4ft 1311.3ft 2.9ft  0.412opt  0.9m   14.14g/t
 9937E    (461.0m) (398.9m) (399.8m)
----------------------------------------------------------------------
03BF219   1118.5ft  463.4ft  469.0ft 5.6ft  0.467opt  1.7m   16.03g/t
 9912E    (341.0m) (141.3m) (143.0m)
----------------------------------------------------------------------
03BF253    301.8ft   38.4ft   50.8ft 12.4ft 1.142opt  3.8m   39.16g/t
 10037E    (92.0m)  (11.7m)  (15.5m)
                     70.0ft   89.7ft 19.7ft 3.947opt  6.0m  135.33g/t
                    (21.3m)  (27.3m)
----------------------------------------------------------------------
03BF256     65.6ft   41.8ft   50.7ft  8.9ft 2.108opt  2.7m   72.28g/t
 10012E    (20.0m)  (12.7m)  (15.4m)
----------------------------------------------------------------------
03BF258    291.9ft   37.7ft   47.9ft 10.2ft 4.057opt  3.1m  139.09g/t
 10012E    (89.0m)  (11.5m)  (14.6m)
----------------------------------------------------------------------
03BF259    311.6ft   85.3ft   88.6ft  3.3ft 0.416opt  1.0m   14.26g/t
 10012E    (95.0m)  (26.0m)  (27.0m)
----------------------------------------------------------------------
03BF261    311.6ft  137.8ft  145.5ft  7.7ft 0.860opt  2.4m    29.5g/t
 10012E    (95.0m)  (42.0m)  (44.4m)
----------------------------------------------------------------------
03BF262    321.4ft  156.4ft  163.3ft  6.9ft 0.231opt  2.1m    7.91g/t
 10050E    (98.0m)  (47.7m)  (49.8m)
----------------------------------------------------------------------
03BF264    291.9ft   67.2ft   83.9ft 16.7ft 0.537opt  5.1m   18.41g/t
 10062E    (89.0m)  (20.5m)  (25.6m)
----------------------------------------------------------------------
03BF268    291.9ft   43.9ft   63.3ft 19.4ft 0.246opt  5.9m    8.43g/t
 10062E    (89.0m)  (13.4m)  (19.3m)
----------------------------------------------------------------------
03BF269    321.4ft  181.9ft  192.9ft 11.0ft 0.213opt  3.4m    7.30g/t
 10062E    (98.0m)  (55.4m)  (58.8m)
----------------------------------------------------------------------
03BF270    331.3ft  196.8ft  230.1ft 33.3ft 0.589opt 10.2m   20.20g/t
 10062E   (101.0m)  (60.0m)  (70.2m)
----------------------------------------------------------------------
03BF272    232.9ft  147.0ft  160.4ft 13.4ft 0.136opt  4.1m    4.68g/t
 10000E    (71.0m)  (44.8m)  (48.9m)
----------------------------------------------------------------------
03BF275    669.1ft  648.5ft  661.6ft 13.1ft 0.141opt  4.0m    4.84g/t
 10225E   (204.0m) (197.7m) (201.7m)
----------------------------------------------------------------------
03BF276    301.8ft   71.2ft   74.5ft  3.3ft 0.576opt  1.0m   19.75g/t
 10087E    (92.0m)  (21.7m)  (22.7m)
----------------------------------------------------------------------
03BF277    301.8ft   75.1ft   83.6ft  8.5ft 0.304opt  2.6m   10.43g/t
 10087E    (92.0m)  (22.9m)  (25.5m)
                     92.2ft  100.4ft  8.2ft 0.172opt  2.5m    5.91g/t
                    (28.1m)  (30.6m)
                    116.6ft  119.7ft  3.1ft 0.406opt  0.9m   13.92g/t
                    (35.6m)  (36.5m)
                    147.9ft  158.6ft 10.7ft 0.101opt  3.3m    3.47g/t
                    (45.1m)  (48.4m)
----------------------------------------------------------------------
03BF280    321.4ft  102.2ft  109.2ft  7.0ft 0.149opt  2.2m    5.11g/t
 10087E    (98.0m)  (31.1m)  (33.3m)
                    175.0ft  185.7ft 10.7ft 0.254opt  3.3m    8.72g/t
                    (53.3m)  (56.6m)
----------------------------------------------------------------------
03BF282    213.2ft   67.9ft   91.8ft 23.9ft 0.121opt  7.3m    4.16g/t
 10000E    (65.0m)  (20.7m)  (28.0m)
----------------------------------------------------------------------
03BF287    682.2ft  642.9ft  647.2ft  4.3ft 0.151opt  1.3m    5.18g/t
 10025E   (208.0m) (196.0m) (197.3m)
----------------------------------------------------------------------
03BF291    666.8ft  583.2ft  587.8ft  4.6ft 0.894opt  1.4m   30.65g/t
 10275E   (203.3m) (177.8m) (179.2m)
----------------------------------------------------------------------

Underground Intercepts:

                                             Assay            Assay
Hole I.D.   T.D.    From      To     Width   ounce/  Width    grams/
                                      Feet    ton    meters   tonne
----------------------------------------------------------------------
03BF196   1600.6ft 1357.8ft 1367.1ft  9.3ft 0.667opt  2.9m   22.86g/t
 10325E   (488.0m) (413.9m) (416.8m)
                   1461.2ft 1463.7ft  2.5ft 0.864opt  0.8m   29.62g/t
                   (445.5m) (446.3m)
----------------------------------------------------------------------
03BF203   1541.6ft 1255.6ft 1261.2ft  5.6ft 1.428opt  1.7m   48.97g/t
 10425E   (470.0m) (382.8m) (384.5m)
----------------------------------------------------------------------
03BF224   1374.3ft 1222.4ft 1231.3ft  8.9ft 0.257opt  2.7m    8.80g/t
 10275E   (419.0m) (372.7m) (375.4m)
----------------------------------------------------------------------
03BF240   1551.4ft  606.8ft  619.1ft 12.3ft 0.148opt  3.8m    5.07g/t
 10250E   (473.0m) (185.0m) (188.8m)
----------------------------------------------------------------------
03BF248   1758.1ft  847.9ft  854.4ft  6.5ft 0.153opt  2.0m    5.24g/t
 10325E   (536.0m) (258.5m) (260.5m)
                   1636.7ft 1641.3ft  4.6ft 0.140opt  1.4m    4.79g/t
                   (499.0m) (500.4m)
----------------------------------------------------------------------
03BF274   1266.1ft 1027.0ft 1036.5ft  9.5ft 0.621opt  2.9m    21.3g/t
 10450E   (386.0m) (313.1m) (316.0m)
----------------------------------------------------------------------
03BF284   1295.6ft 1059.1ft 1064.4ft  5.3ft 0.733opt  1.6m   25.13g/t
 10450E   (395.0m) (322.9m) (324.5m)
----------------------------------------------------------------------


Additional Information

Apollo Gold will be releasing additional information over the next few weeks concerning the Black Fox Project including:

-- Announcement of Open-Pit Ore Reserves/Resources

-- Filing of a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma.  Instrument 43-101 concerning the Proposed

Open Pit

-- Selection of a Contractor for the Previously Announced

Underground Development Drilling Drift

This press release has been reviewed and approved for release by Richard Ri·chard   , Joseph Henri Maurice Known as "Rocket." 1921-2000.

Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a
 Nanna Nanna

immolated herself on pyre with husband, Baldur. [Norse Myth.: Wheeler, 256]

See : Faithfulness
, Professional Geologist, and the Company's Vice-President, Exploration and designated Qualified Person.

Apollo Gold is a gold mining company with operating assets Operating Assets

Another term for working capital.
 in Nevada and Montana and an advanced stage development project, the Black Fox Project, near Timmins, Ontario This article is about city in Ontario, Canada. For other uses, see Timmins (disambiguation).
Timmins, with a population of 42,997 (2006), is a city in northeastern Ontario, Canada on the Mattagami River. At 2,961.
, Canada.

Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Securities Exchange Act of 1934, as amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
. All statements regarding potential mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
 and reserves, exploration results and future plans and objectives of Apollo Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include: the results of independent 43-101 reports, the outcome of assays and additional sampling and drilling efforts, the availability of funding for the future exploration and development of Apollo Gold mines and or projects, and other factors disclosed under the heading "Risk Factors" and elsewhere in Apollo Gold documents filed from time to time with the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
, The American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
, The United States Securities and Exchange Commission and other regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest
regulatory agency

administrative body, administrative unit - a unit with administrative responsibilities
.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Business Wire
Geographic Code:1CANA
Date:Jan 14, 2004
Words:1158
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