New Drilling at Apogee's Santa Isabel Property Returns 15m of 253 grams per tonnes Silver, 13% Zinc, 230 grams per tonnes Indium.TORONTO -- Apogee apogee (ăp`əjē), point farthest from the earth in the orbit of a body about the earth. See apsis. The farthest point. Minerals Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:APE ape, any primate of the subfamily Hominoidea, with the possible exception of humans. The small apes, the gibbon and the siamang, and the orangutan, one of the great apes, are found in SE Asia. ) has received initial results from its Phase I drilling program at the Santa Isabel Santa Isabel: see Malabo, Equatorial Guinea. Santa Isabel or Ysabel Island, central Solomon Islands, western South Pacific Ocean. project in the Potosi district of southwestern Bolivia (see Press Release dated December 3, 2004). Assay results for the upper portion (0 - 235m) of Apogee's drill Hole #1 (SI-04-01) included several significant Silver-Zinc-Indium rich mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. intersections, including 15m of 252.9 g/t Silver, 13.11% Zinc, 1.36% Lead and 230.2 g/t Indium indium (ĭn`dēəm), a metallic chemical element; symbol In; at. no. 49; at. wt. 114.82; m.p. 156.6°C;; b.p. about 2,080°C;; sp. gr. 7.31 at 20°C;; valence +1, +2, or +3. . Hole #1 was drilled adjacent to an earlier mineralized drill hole completed by Samex Mining Corp. Apogee President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Carlesso commented: "We continue to be very pleased with the results we are receiving from our Phase 1 program at Santa Isabel. These new drill results showing high Silver-Zinc-Lead values, combined with recently confirmed existing data and highly mineralized surface samples, strengthens our level of confidence in the potential for the large mineralized system identified at Santa Isabel. Once again, the presence of Indium is also a very interesting addition to the general potential of the target areas." The Santa Isabel Project is located in southwestern Bolivia, approximately 1050 km from La Paz La Paz, city, Bolivia La Paz (lä päs), city (1992 pop. 713,378), W Bolivia, administrative capital (since 1898) and largest city of Bolivia. The legal capital is Sucre. , within the San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. de Lipez District, Potosi Department, near the border with Argentina (Figure 1). The property is comprised of one 200 ha block and Apogee Minerals has reached an agreement with the owner to acquire up to a 95% interest in the property through exploration expenditures and cash and share payments over a four year period (see Press Release dated Oct. 6, 2004). Samex Mining Corp. drilled 23 diamond drill holes totaling 7241m on the property from 1996 - 1998, primarily targeting copper-gold porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. targets. Apogee's Phase 1 Exploration program at the Santa Isabel project consists of detailed geological mapping, re-sampling existing mineralized drill core and anomalous trenching to verify previous results, new surface sampling and 1,012m of new confirmatory diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral . Drill Hole #1 (SI-04-01) was drilled to twin hole SI-98-19, drilled in 1998 by Samex Mining Corp. during their exploration of the Santa Isabel property. The new hole was collared approximately 4m from the original hole and was drilled parallel to the older hole, at the same orientation (Table 1). Mineralized intersections in Apogee's Hole #1 correlate well with 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. reported by Samex in hole SI-98-19, with a wide zone of high grade Silver-Zinc-Indium reported in both holes in the 200m - 230m interval (Tables 2, 3). Results from the re-sampling of core drilled by Samex Mining Corp. in 1998 and from surface sampling taken on a recent field visit (see Press Release dated January 18, 2005) also returned very positive results for Silver, Zinc, Lead, and Indium. Indium is most frequently associated with Zinc, and is used in applications such as bearing alloys, transistors in microprocessors, thermistors in temperature sensors, and in display technology such as x-rays, touch-screens, and flat-screen televisions. Assay results from the remainder of Apogee drill Hole #1 and two other holes drilled, SI-04-03 and SI-04-04, also drilled in the Consuelito target area, are expected shortly. The initial results from Hole #1 and results from both the re-sampling of the Samex drill holes and the surface samples have confirmed the validity of historical indications of mineralization. The next phase will focus on defining the strike extent of the Consuelito and Vera Cruz vein systems intersected by the Samex drilling, as well as testing of additional parallel vein systems which were not drilled by Samex. Geological work on the Santa Isabel Project has been planned and performed under the supervision of Mr. Douglas Currie cur·rie n. Variant of curry2. , MAusIMM, Q.P. of Gwynva Resources Management Inc. who has the ability and authority to verify the authenticity and validity of the information contained within this news release. Historical drilling performed by Samex Mining Corporation is summarized in a NI 43-101 compliant technical report summarizing historical exploration activities entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "TECHNICAL REPORT No GRM-04-106, PRELIMINARY ASSESSMENT SANTA ISABEL PROJECT SAN ANTONIO DE LIPEZ, BOLIVIA" which has been lodged on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review separately (dated January 18, 2005) and is also available on the Apogee website at www.apogeeminerals.com. All analytical work has been completed by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex of North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , BC, Canada. A suite of 30 elements was analyzed using aqua regia aqua regia (äk`wə rē`jēə) [Lat.,=royal water], corrosive, fuming yellow liquid prepared by mixing one volume of concentrated nitric acid with three to four volumes of concentrated hydrochloric acid. digest and ICPAES ICPAES Inductively Coupled Plasma Atomic Emission Spectrophotometry (usually abbreviated as ICP-AES) analysis (ALS Analytical Code ME-MS41). Any samples exceeding threshold limits were re-analyzed using the most appropriate technique: silver, zinc and lead - agua regia digestion, AAS finish (ALS Analytical Code AA46), gold - 30g fire assay with AAS finish (ALS Analytical Code AA25). ALS Chemex is a respected international analytical service which is accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. with NATA NATA National Athletic Trainers' Association NATA National Association of Testing Authorities (Australia) NATA National Air Transportation Association (Alexandria, VA, USA) and complies with standards of ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 and ISO 17025:1999. They employ a variety of international standards for quality control purposes. The company has initiated a QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks. Apogee Minerals Ltd. Is a Canadian exploration and development company listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol APE. The company has several advanced Silver-Zinc exploration properties in the historic Potosi Department of southwestern Bolivia. Statements in this release that are not historical facts are "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. " within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".
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Table 1
Santa Isabel Project
Drill Hole Co-ordinates
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Hole No NORTH EAST ELEV DEPTH Azimuth Dip
mASL m degrees degrees
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Samex 7605229N 756934E 4791 377.70 030 -50
SI-98-19
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Apogee 7605231N 756930E 4790 400.1 030 -50
SI-04-01
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Table 2
Santa Isabel Project
Significant Drill Results
Apogee Hole SI-04-01
(Incomplete)
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From To Meters Ag Pb Zn In
m m g/t % % g/t
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28 29 1.0 155.0 1.67 3.47 3.48
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115 116 1.0 56.8 0.52 1.85 22.2
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118 120 2.0 23.2 0.25 1.43 40.2
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155 156 1.0 14.7 0.64 1.36 5.5
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192 193 1.0 13.2 0.09 2.51 48.6
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200 201 1.0 52.1 0.52 9.45 222
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205 228 23.0 172.6 0.91 9.93 172.4
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Including
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213 228 15 252.9 1.36 13.11 230.2
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Including
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224 228 4 614 4.16 21.05 395.8
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NOTE: Assays only available from 0-235 m
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Significant drill intersections selected on minimum 2m having Ag
greater than 60g/t or combined Zn + Pb greater than 2.00% or 1m Ag
greater than 100g/t
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Table 3
Santa Isabel Project
Significant Drill Results
Samex Hole SI-98-19
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From To Meters Ag Pb Zn In
m m g/t % % g/t
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45.0 46.0 1.0 173.5 1.87 10.85 -
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136.0 142.95 6.95 40.1 0.67 1.25 19
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191.0 191.75 0.75 97.0 1.62 4.59 -
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200.7 217.6 16.9 20.5 0.26 2.36 55
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231.0 289.75 58.75 62.8 0.40 4.26 115
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Including
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260.25 289.75 29.50 103.7 0.69 6.24 181
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Significant drill intersections selected on minimum 2m having Ag
greater than 60g/t or combined Zn + Pb greater than 2.00% or 1m Ag
greater than 100g/t
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NOTE: A map is available on CCNMatthews' website at: http://www2.cdn-news.com/database/fax/2000/Bolivia.doc Apogee Minerals Ltd. (TSX VENTURE:APE) |
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