Stock Guru Profile APLL
It’s a great day for gold! Apolo Gold is sticking to its knitting and doing what it does best: mining for gold in an area where it has a strong expertise.
Apolo Gold & Energy Inc.has executed a Letter of Intent with Great American Minerals, Inc. (GAM) of Salt Lake City Utah, for the acquisition of all of the outstanding shares of GAM in return for a yet to be determined number of restricted shares of common stock of Apolo. GAM is a private company located in Salt Lake City, Utah and the holder of numerous mining claims primarily in Nevada.
GAM currently owns over 900 unpatented mining claims, and has Joint Ventures with Madison Minerals Ltd and Platte River Gold. There are 6 prominent properties located in Nevada and include a diverse asset base of properties hosting gold and silver, to strategic metal mineral resources such as vanadium and copper. The properties range from advanced exploration/development drilling projects to promising exploration targets. All properties are located in the prolific Battle Mountain – Eureka Trend in Nevada, also known as the Cortez Trend.
Gold has always been a great refuge — and this is a great day for gold!
Source: Apolo Gold & Energy, Inc. and Standard & Poor
APLL — Apolo Gold & Energy, Inc.
1209-409 Granville Street
Vancouver, BC V6C 1T2
CAN
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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