Apollo Silver's Updated Resource Estimate Cements Calico as a Premier U.S. Silver Project

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is a precious metals exploration and development company focused on advancing its Calico Silver Project in San Bernardino County, California. The company recently filed an updated NI 43-101 technical report for Calico, highlighting a significantly expanded silver resource estimate.

The updated mineral resource estimate declares 110 million ounces of silver in the Measured and Indicated categories, with an average grade of 100 g/t silver. A staggering 90 million ounces are classified as Measured, at 103 g/t silver. Furthermore, 95% of the Inferred silver ounces were upgraded to the Measured and Indicated categories.

Additional highlights include 51 million ounces of silver classified as Inferred, the addition of 70,000 ounces of inferred oxide gold to the project's metal inventory, and a low strip ratio of 1.1:1 for the silver resource at Waterloo.

The Calico Project provides Apollo Silver with a district-scale high-grade silver opportunity, with approximately 6,000 meters of mineralized strike length controlled by the company. The project is strategically located near infrastructure like roads and power, with mineralization starting at surface.

With confidence levels now substantially increased, the updated resource estimate solidifies Calico as one of the highest-grade undeveloped open pit silver projects in the United States. The scale of the resource also points to strong economics for a potential low-cost mining operation.

For silver investors, this is an emerging story to keep a close eye on. Apollo Silver now has a clear path towards expanding Calico's resource further through additional drilling, as well as advancing the project through feasibility studies. With silver fundamentals looking bullish in the face of rising inflation and geopolitical uncertainty, the timing and quality of Apollo's exciting silver discovery are ideal.

As the company continues derisking Calico and demonstrating its massive potential, expect strong investor interest going forward. Existing and prospective shareholders should stay tuned for more potential catalysts.