Apolo Gold & Energy, Inc. — APLL
Stock Guru Profile: http://stockguru.com/profiles/apll/index.php
Apolo Gold & Energy Inc currently has two separate mining projects under development:
NUP property in Sumatra, Indonesia wherein the Company in 2002 acquired the development rights to a gold-silver property for a total consideration of $375,000. This amount is payable over a six year period. The Company commenced a drilling program in 2003 and is currently undertaking a follow-up drilling program from May to July, 2006.
Beowawe property in Northern Nevada wherein the Company signed an Option Agreement with Atna Resources Ltd, wherein Apolo Gold & Energy Inc could spend $2,200,000 over a four-year period to earn a 55% joint venture interest in the property. This joint venture interest will increase to 70% should they produce a bankable feasibility study on the property.
Stay tuned for more on this company.