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The Napal gold-silver property is located 48 kilometres south west of Bandar Lampung on the Island of Sumatra, Indonesia.
Apolo Gold Inc. (Apolo) has entered into an agreement on April 16, 2002 with its Indonesian partner, Pt. Metro Astatama of Jakarta to option the 733.9-hectare Napal gold-silver property referred to as KP Number KW. 098PP325 from Pt. Napal Umbar Picung. The property has a mineral tenure license (KP) for exploration and exploitation and is held in the name of Napal Umbar Picung, a requirement under Indonesian law. The KP (Production Permit) is in good standing and has been in existence for 10 years.
The property, which is underlain by volcanic rocks of felsic composition, has characteristics of Indonesian volcanic-hosted, low-sulphidation, epithermal gold-silver deposits of Mio-Pliocene age, hosted within the Sunda magmatic arc and spatially associated with the Sumatra Fault System. The property displays high silver to gold ratios such as most of the Sunda arc deposits. Five hundred kilometres northward along the Sumatra Fault is located the historically richest gold mine in Indonesia, the Lebong Donok. Between 1896 and 1941, the Lebong Donok and nearby Lebong Tandai (Simau) mines contributed 61.5% of the total (Indonesian) gold production of 130 tonnes (T.M. van Leeuwen, 1994).
The Apolo Gold property contains structure, alteration and mineral characteristics of a low-sulphidation, epithermal gold-silver type deposits.
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.
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