Apolo Gold & Energy, Inc. — APLL
Stock Guru Profile: http://stockguru.com/profiles/appl/index.php
The President of Apolo Gold & Energy Inc., Peter Bojtos P.Eng, spoke with Stock Guru about Gold Mining in Nevada.
Apolo Gold & Energy Inc has an Exploration Agreement With Option For Joint Venture in the Beowawe project located northeast of Reno, Nevada, in the highly productive Carlin Basin area. The Beowawe project is located eight km to the southeast of Newmont’s Mule Canyon and 40 km north of Placer Dome’s Cortez mine. The property covers the intersection of the Northern Nevada Rift. A drilling program will commence as part of a four year exploration program.
Significant mining activity occurs in this general region and Nevada is currently the third largest producer of gold in the world with 11% of the annual mined supply of gold. Only South Africa and Australia produce more gold than Nevada. Successful drilling in the area provided a clear indication that surface deposits that have captivated the industry were probably “leakage” from higher grade deposits at depth. The low-grade surface deposits were now seen as intense geochemical anomalies indicating far richer prizes that occasionally lie below.
The claims cover a large, north-trending zone of quartz-carbonate stockwork veining in Triassic sediments containing extensive low grade gold mineralization. Widely-spaced drill holes by mining companies between 1985 and 1992 traced associated gold mineralization along the zone, with values to 0.86 g/t Au along 29 m and 0.34 g/t Au along 72 m, for a strike length of nearly 1 km and to a depth up to 180 m. The geologic environment and indicated gold grades are similar to those characterizing the Florida Canyon Mine (2 million+ ounces gold production from 1986-2005) located to the southwest.
Barrick’s currently has a 25 million ounce Pipeline-Gold Acres mine complex in Lander County. The claim area is one of intense exploration activity with surrounding land held by Barrick and Newmont. It is the Company’s intention to joint venture the Mill Canyon claims.
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.