Oct 30 2010
Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) has announced that the company granted Abitibi Geophysics Inc. from Val d'Or, Quebec, a contract to conduct an extensive 250 line km Magnetic-GPS survey on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
From the positive drill results obtained to date coupled with data from earlier airborne surveys covering the western part on the Iron-T Project the company has concluded that the rich mineralization discovered to date extends over the entire western extension of the Iron-T. Based on these conclusions, the rich mineralization identified to date would extend over a multi-kilometer strike length and be open in all directions and at depth.
Patrick D. O'Brien, ICD.D, Apella's CEO stated, "This survey will complete this data set and place the Iron-T in a drill ready status from east to west. It is expected to increase the number of drill-ready target significantly. This would mean that most of future exploration, in addition to the 20,000 metres of drilling presently planned on the Iron-T project, will be focused on diamond drilling; whereby the amount of planned drilling meterage will most likely have to be increased substantially."
The magnetic survey now underway will comprise about 250 km of transversal lines, base lines and tie lines and is planned to cover the entire western part of the property from Shallow Lake to the Bell River. This represents about 50% of the total area of the Iron-T Project. The central part of the Iron-T which was the subject of the 2009-2010 exploration drilling campaigns, as well as the eastern part, have been surveyed by Apella over the years from 2007 (17 original claims) to March 2010.
Once this new survey will be completed, the entire Iron-T project which currently consists of 146 claims totaling 3,995.57 hectares will have been covered by a ground magnetic survey.
Results of the new magnetic survey will be available to Apella at the beginning of December 2010 and will provide considerable abundance of drill targets which will confirm the size of this World-Class magmatic Fe-Ti-V oxide deposit.
In the past, the Iron-T area was covered by a regional airborne magnetic and electromagnetic INPUT MK VI survey which was conducted in 1977. Regional magnetic data over the Iron-T project from that airborne survey were acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property, now being ground surveyed by Apella was covered by a regional airborne gradiometric survey which was carried out in 1984. Magnetic data in that survey was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. The two airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level which is continuous over some 25 km in a WNW direction.
To date, the ground magnetic surveys undertaken by Apella have shown a direct relationship with the Iron-Titanium and Vanadium mineralization discovered. They have also provided more precise locationing of the anomalies and more accurate shapes of the targets.
The current ground magnetic survey will be carried over lines at a 100 spacing with readings every 2 seconds. The diurnal corrections are made with a synchronized Mag base station. Observation of the Total Magnetic Field (TMF) will be recorded and treated with Geosoft software. The Vertical Gradient will be calculated from the TMF.
The survey under progress is planned to confirm the lengths and widths of the airborne anomalies. It will also cover a 3 km long NW oriented magnetic axis which starts near the southwest shore of Shallow Lake and which seems to joins the main magnetic axis. This magnetic "South Branch" is about 3 km long and has never been drill tested.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provides housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d'Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quévillon to Matagami.
This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
Source: Apella Resources Inc.