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Apogee Minerals Announces Additional Assay Results from Pulacayo Deposit in Bolivia

Apogee Minerals Ltd. (TSX VENTURE:APE) reports assay results from 6 additional diamond drill holes from the ongoing drill campaign at the Pulacayo deposit located in southwest Bolivia.

The highlights from these holes include:

  • DDH PUD 156 intersected 6.40 meters grading 217.49 g/t silver, 0.99% lead and 1.36% zinc within a 37.0 meter interval grading 74.65 g/t silver, 0.33% lead and 0.82% zinc.
  • DDH PUD 158 intersected 5.00 meters grading 172.26 g/t silver, 0.64% lead and 0.59 % zinc within a 10.0 meter interval grading 127.13 g/t silver, 0.34% lead and 0.37% zinc.
  • DDH PUD 159 intersected 21.00 meters grading 479.43 g/t silver, 0.41% lead and 0.58 % zinc within a 34.0 meter interval grading 342.82 g/t silver, 0.41% lead and 0.54% zinc.

The holes were drilled to continue delineation of the deposit along strike east of the previously released National Instrument 43-101 ("NI 43-101") resource, where diamond drilling, ongoing since January 2010, has successfully extended the deposit an additional 350 meters. The Company has now completed twenty-six drill holes in this area east of the previously released NI 43-101 resource.

Chris Collins, P. Geo., President of Apogee states, "We continue to be very excited by the results from our ongoing drilling which has expanded the deposit to the east. Delineation drilling of the east extension of the deposit indicates good continuity. The grades and widths of the drill intersections encountered in this area are comparable to the grades and widths observed in the area comprising the resource. We are confident that the drilling in this area will result in a significant addition to the previously estimated mineral resource and expect this will further enhance development potential of the deposit."

Diamond drilling ongoing at the site is now targeting extensions to the Pulacayo deposit further east of these 26 drill holes.

The company also reports that it has initiated a program of metallurgical test work to augment the results of the work completed by Micon International Ltd. as part of the Preliminary Assessment, ("PEA"), of the Pulcayo Deposit. This work is being conducted under the supervision of John H. Starkey, P. Eng., Principal Consulting Engineer, Starkey and Associates Inc., Consulting Engineers. Mr. Starkey is a highly respected professional metallurgist with over 45 years of mineral processing experience both in operations and design projects in Canada and throughout the world. The metallurgical test work will be undertaken at Inspectorate Exploration and Mining Services Ltd., Metallurgical Division, in Richmond B.C. Several composite samples from the Pulcayo Deposit are currently in transit to the lab. In addition to the metallurgical testing program Mr. Starkey has been retained by the Company to complete process engineering audits of a number of mineral processing facilities in the Potosi District of Bolivia which have been identified as candidates for potential early toll milling of the Pulacayo ores. This work is in progress.

The Pulacayo Deposit is a thick east-west striking zone of conjugate veins, stockwork and disseminated sulphides that locally are up to 200 meters thick with a higher grade core that comprises the resource and may locally exceed 60 meters in thickness. The known strike length of the Tajo Vein System which hosts the Pulacayo deposit is close to 3 kilometers and it remains open at both ends along strike. Mineralization comprises sphalerite, galena and tetrahedrite in sulphide-rich veins ranging from a few centimeters to greater than one meter thick and heavily disseminated sphalerite, galena and tetrahedrite between the veins.

Quality Control

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 approved the scientific and technical information presented in this press release.

This release has been reviewed and approved by Chris Collins, P. Geo., President of Apogee and a qualified person as defined by NI 43-101.

Source: Apogee Minerals Ltd.


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