Stock Guru Profile: http://stockguru.com/profiles/apll/index.php
The President of Apolo Gold & Energy Inc., Peter Bojtos P.Eng. spoke with Stock Guru on Friday. He has a vast knowledge of gold mining in the far east and right here in the United States. He filled Stock Guru in on some of the details and realities of mining for gold in China.
“Yingchang Gold Ore” Property
Apolo Gold has a Memorandum of Understanding with Yingchang Gold Ore of Pingwu, Sichuan, Republic of China regarding the possible purchase of Yingchang’s rights to mine gold deposits in Pingwu, Sichuan, China. Yingchang has granted Apolo an exclusive period of 90 days to review miningdata and conduct whatever testing Apolo feels is necessary to assess the potential of the property. Apolo has a Chinese partner in this potential investment who is also the newest director, David Yu, of Hong Kong. David Wu became a director before introducing this property. Peter Bojtos and a consulting geologist visited the site in March 2006 and spent some time observing the current operation and meeting with the owner and mine personnel.
China’s gold production has grown by a large margin year by year since its reform and opening-up. It took the country seven years to double its gold production from 90 tons in 1994 to 182 tons in 2001.
Rich in gold resources, China is the world’s fourth largest gold producer and also the world’s fourth largest gold consumer. After years of development, its gold industry has gradually formed an industrial system with a complete range covering geological prospecting, mining, ore dressing, smelting, processing, marketing, and scientific research. A group of large and midsize gold enterprises represented by China National Gold Group Corporation have risen rapidly. Through merger and expansion, they have obtained a growing strength and basically possessed a certain international competitive edge.
China has more than 1,200 gold producers and mines, but only about 100 enterprises each have an annual gold output above 500 kilograms.
China’s official gold reserve is 19.29 million ounces by the end of June 2004. APLL intends to explore gold resources in the western regions. One of many options Apolo has should exploration have positive results is to develop joint ventures with existing mining operations established in China which is very much encouraged in China.
Stay tuned for more on this company.
Source: Apolo Gold & Energy, Inc.
APLL — Apolo Gold & Energy, Inc.
1209-409 Granville Street
Vancouver, BC V6C 1T2
Canada
Phone: 604-687-4150
Website: http://www.apologold.com
Safe Harbor Statement: All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company’s behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company’s Annual Report on Form 10-K for 2005 as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Disclosure: StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com.
Disclosure: StockGuru is owned and operated by Pentony Enterprises, LLC. Home office: 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 877-6770. We are compensated for our services and details of that compensation appear at the bottom of the feature page for any compensated company. Disclosure: Pentony Enterprises LLC was compensated five hundred thousand free trading shares from a non-controlling third party for profile coverage. Pentony Enterprises is not a registered investment advisers or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. It is the policy of Pentony Enterprises LLC to sell all shares of this and any company featured. Anyone considering any company we feature in consideration for free trading shares should consider this.
