Posted in | Lead | Silver | Zinc

Apogee Minerals Announces Encouraging Assay Results from Pulacayo Deposit

Apogee Minerals Ltd. (TSX VENTURE:APE) reports assay results from seven additional diamond drill holes from the ongoing drill campaign at the Pulacayo deposit located in southwest Bolivia. All of the reported holes were drilled from surface.

The highlights from these holes include:

  • DDH PUD 162 intersected 2.64 meters grading 144.11 g/t Ag, 0.01% Pb, 0.07% Zn

  • DDH PUD 163 intersected 8.84 meters grading 235.24 g/t silver, 0.13% lead and 0.86% zinc within an 18.0 meter interval grading 117.48 g/t silver, 0.10% lead and 0.67% zinc.

  • DDH PUD 169 intersected 8.00 meters grading 413.25 g/t silver, 0.20% lead and 0.01 % zinc within a 12.0 meter interval grading 301.75 g/t silver, 0.17% lead and 0.01% 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. Diamond drilling, undertaken in 2010, successfully extended the deposit an additional 350 meters east of the current resources. (See Press Releases dated January 15th 2010, March 15th 2010, April 19th 2010, July 13th 2010, August 9th 2010, September 20th 2010, January 18th 2011 and the NI 43-101 technical report dated December 2008 and filed under the SEDAR profile of the Company at www.sedar.com). The Company has now completed a total of thirty-three drill holes in the area east of the previously released NI 43-101 resource.

Chris Collins, P. Geo., President of Apogee states, "We are very encouraged by the latest results from the ongoing drilling program at Pulacayo. In particular with DDH PUD 169 which was a very aggressive step-out, approximately 300 meters along strike east of our previous drilling and we were rewarded with a high grade silver intercept. Our focus in the near term will now be to in-fill in the area between PUD 169 and the drilling completed throughout 2010. We have a third drill rig scheduled to commence in early March which will accelerate this process."

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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