Apollo Gold Announces New Discovery.
International Resource News-15 June 2009-Apollo Gold Announces New Discovery(C)2009 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 15 June 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Apollo Gold Corporation (TSX: APG) (NYSE Amex: AGT), a US-based gold mining and exploration company, has reported drilling results from a new discovery at the Grey Fox property in Ontario, Canada.
Recent drilling has encountered several high grade gold intercepts, including 3.5m grading 9 g/t gold, 455 g/t of gold, 8.30m of 5.26 g/t gold and 11.09m of 15.48 g/t gold.
The company senior vice president, exploration, Richard F Nanna, said, 'The above drilling results are some of the highest grade intercepts drilled in the area and show the potential of Grey Fox. I believe that it is an area with at least two strongly mineralised systems. At the Contact Zone, gold occurs at the fault contact between pyritic, altered hydrothermal breccias and pyritic silicified and altered Pre-Cambrian sediments. Drilling on the DPFZ hit green carbonate rocks and gold mineralisation similar to the host rocks of the Black Fox deposit. The above initial drilling campaign was a success and we will now commence with a 2009 drilling programme to enhance these results with the objective of converting this data into a resource.'
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