Apogee Silver has announced the assay results of the final 13 holes drilled during the sulphide resource extension campaign at the Pulacayo deposit, southwest Bolivia.
The company has cut 291.0 g/t silver, 0.37% lead and 0.06% zinc over 1.0 m in the hole PUD 208, 1.10 g/t gold, 254.5 g/t silver, 1.17% lead and 4.92% zinc over 2.0 m in the hole PUD 211A, 411.7 g/t silver, 0.13% lead, 0.15% zinc over 3.0 m and 515.0 g/t silver, 0.24% lead, 0.25% zinc over 3.0 m in the hole PUD 214, 261.0 g/t silver, 0.18% lead, 3.43% zinc over 0.95 m in the hole PUD 216, 613.5 g/t silver, 1.86% lead, 5.64% zinc and 0.64 g/t gold over 2.0 m and 1.01 g/t gold, 462.9 g/t silver, 1.31% lead and 1.28% zinc over 2.86 m in the hole PUD 217, 0.42 g/t gold, 664.0 g/t silver, 0.37% lead and 3.16% zinc over 2.0 m in the hole PUD 222.
Apogee drilled all the holes on the surface. These holes were focusing on the sulphide resource extension at the Pulacayo deposit that is being explored currently by the company. Mercator Geological Services included the drill hole results, also from PUD 214, in the latest independent mineral resource calculation. The company did not obtain analytical results from the holes next to PUD 214, before the crystallization date for the resource calculation. These holes that focused on Pulacayo deposit’s sulphide mineralization, are present in the existing resource calculation region and will be included in the upcoming resource calculations.
The company has continued to appraise the Pulacayo deposit, by means of three drilling rigs working at the location. It has completed the proposed surface drill campaign of 2011 with over 23,000 m. Apogee is carrying out an underground diamond drilling campaign continually. This program has targeted to offer comprehensive data in the deposit areas, which have been scheduled for mining during the present quarter and all through 2012. Currently, two surface drill rigs are working in order to assess the shallow silver oxide prospective connected with the Pulacayo deposit. The company is expecting to drill around 6000 m during this program.