Apogee Minerals Ltd. (TSX VENTURE:APE) has reported assay results from recently completed surface and underground rock sampling and geological mapping program undertaken at the Pulacayo Project.
The Pero and Socovan areas occur along strike to the southeast and west respectively from the existing resource at Pulacayo. Sampling in these areas provides confidence that the mineralization continues well beyond the area that has been drilled to date and will assist in targeting the expanded drill program. Apogee has mobilized a second drill to the project to accelerate drilling.
The Pacamayo area represents a separate mineralized system that occurs approximately 1.5 km to the north of the Pulacayo Deposit and is a target with high grade silver values ( up to 5,270 g/t over 1.2 meters in channel samples) that will be delineated by future drilling in an area with historical artisanal mining.
Joaquin Merino, Apogee's Vice President of Exploration states, "We are very encouraged by the results from the mapping and sampling programs at the Pacamayo, Pero, and Socavon Flores areas. These mineralized areas are well outside of the current resource and provide strong evidence of the potential to significantly extend the resource well beyond the currently drilled areas It also demonstrates the excellent potential for developing new near surface resources within the Project area.
Pulacayo is a high sulphidation epithermal system associated with a dacitic dome complex covering an area approximately 2.5 km wide by 2.7 km long. The Tajo Vein, located along the southern boundary of this system, was the main source of historical ore production. It is also the area where Apogee Minerals has delineated NI 43-101 resources associated with the Pulacayo Deposit, and is continuing to expand the mineralization with its ongoing drilling program. (see Press Releases dated July 14th 2010, April 19th 2010, March 15th, 2010, and January 15th 2010).
The Pacamayo area is located about 1.5 km north of the current resource and diamond drilling area. It is a vein system comprised of more than five mineralized structures, on which there is no known previous exploration drilling. Two samples were taken from within a historical adit developed along one of the structures, with both samples returning silver values in excess of 1000 g/t.
The Pero area is a stock work zone located approximately 1.0 km southeast along the strike of the current resources and diamond drilling area at Pulacayo. A total of nine samples were collected from mineralized veins within a 200 m by 100 m area. All of the samples returned significant silver values with a highest of 1015.0 g/t. This stock work zone may represent a separate mineralized structure, but this will need to be confirmed by drilling.
The Socavon Flores area is located approximately 400 m to the west of the current resources and diamond drilling area at Pulacayo. Four samples were collected from a historical adit which was developed along a structural splay of the Tajo Vein. All of the samples returned significant values of silver with a highest of 405.0 g/t.
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.
Source: Apogee Minerals Ltd.