Apollo Silver - Updated Resource Estimate At Calico & Cinco de Mayo Project Update
Description
In this KE Report company update, Ross McElroy, President & CEO of Apollo Silver (TSX.V:APGO – OTCQB:APGOF – FRA:6ZF0), joins us for his first interview since taking over in May. Ross brings nearly 40 years of experience, including leading Fission Uranium’s $1.14B sale to Paladin Energy.
Key Highlights:
- Updated Resource: 125Moz Ag (M&I) and 57.5Moz Ag (Inferred) at the Calico Silver Project in California - a 14% increase in ounces.
- Broader Metal Profile: First inclusion of zinc, barite, and gold, enhancing project value.
- Project Breakdown: Waterloo hosts ~⅔ of total silver (all M&I); Langtry adds 57.5Moz Inferred with upgrade potential.
- Path Forward: Targeting a PEA in early 2026 followed by a Pre-Feasibility Study in 2027.
- Jurisdictional Advantage: Located in pro-mining San Bernardino County on 99% private land with vested mining rights.
- $26M Financing: Expected to close Oct. 22; funds operations and studies for roughly two years.
- Cinco de Mayo (Mexico): High-grade CRD system (385 g/t AgEq) with plans to reestablish local access and complete 20,000m of drilling under option with Pan American Silver.
Click here to visit the Apollo Silver website.
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