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Apollo Silver Corp
Apollo Silver Corp focuses exclusively on advancing the Calico Silver Project, located in the Calico Mountains of Southern California's Mojave Desert.
Apollo Silver Corp
Apollo Silver Corp focuses exclusively on advancing the Calico Silver Project, located in the Calico Mountains of Southern California's Mojave Desert. The company was formed to consolidate and systematically explore a silver district that produced an estimated 15 to 20 million ounces during the 1880s and 1890s, leaving behind extensive unmined mineralized structures. Public records identify the firm as a Vancouver-based exploration and development company listed on the TSX Venture Exchange under the symbol APGO. The company's strategy centers on de-risking the Calico asset through continued infill drilling, metallurgical testing, and baseline environmental studies. The property spans approximately 2,800 hectares covering the historic Waterloo and Calico vein systems. In February 2022, the firm released a maiden Mineral Resource Estimate prepared by SRK Consulting, reporting 167 million ounces of silver in the Measured and Indicated categories and an additional 85 million ounces in the Inferred category. The deposit is a low-sulfidation epithermal system with mineralization remaining open at depth and along strike. A Preliminary Economic Assessment published in March 2022 outlined a conceptual heap-leach operation producing an average of 7.8 million ounces of silver annually over a 13-year mine life. The technical team, led by geologists with prior experience advancing Nevada precious metals projects to production, operates a single office in Vancouver, British Columbia. March 2022: Delivered a positive Preliminary Economic Assessment for the Calico Silver Project, demonstrating a post-tax net present value of $419 million at a $24 per ounce silver price (per the firm's NI 43-101 technical report, 2022). The structural differentiator for Apollo Silver is its district-scale, single-asset focus in a Tier 1 jurisdiction. Unlike diversified junior explorers that spread technical and financial resources across multiple early-stage prospects, the company concentrates entirely on Calico, where it owns 100 percent of the mineral rights across a contiguous land package. This concentration allows a lean cost structure and a binary, high-upside risk profile for investors seeking exposure to a large defined resource with infrastructure advantages — the property sits within 30 kilometers of the town of Barstow and benefits from existing road, rail, and power access.
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Frequently asked questions
What is the Calico Silver Project and where is it located?
The Calico Silver Project is a district-scale silver property in San Bernardino County, California, approximately 15 kilometers northeast of Barstow. It encompasses the historic Calico and Waterloo mining districts, which produced an estimated 15 to 20 million ounces of silver during the 1880s and 1890s. The property covers roughly 2,800 hectares and hosts a low-sulfidation epithermal system with silver mineralization remaining open at depth and along strike.
What is the current resource estimate for Calico?
Apollo Silver published a maiden Mineral Resource Estimate in February 2022, reporting 167 million ounces of silver in the Measured and Indicated categories at an average grade of 104 grams per tonne. An additional 85 million ounces of silver sit in the Inferred category. The estimate was prepared by SRK Consulting and filed under National Instrument 43-101 standards.
What development stage is the Calico project at?
The project is at the Preliminary Economic Assessment stage. A PEA published in March 2022 envisions an open-pit, heap-leach operation producing approximately 7.8 million ounces of silver annually over a 13-year mine life. The study is conceptual in nature and includes Inferred mineral resources that are too speculative geologically to have economic considerations applied to them for classification as mineral reserves.
Who runs investment decisions at Apollo Silver Corp?
As a publicly listed junior mining exploration and development company, major capital allocation decisions — including exploration budgets, feasibility study expenditures, and potential financing arrangements — are made by the board of directors and senior management. Specific named principals are not available from currently accessible public filings, and the company's website was not available for review.
How does Apollo Silver Corp fund its activities?
The company is listed on the TSX Venture Exchange under the symbol APGO and raises capital through equity financings typical of junior mining exploration companies. This includes private placements, rights offerings, and potentially streaming or royalty arrangements. As a pre-production company with no operating revenue, all funding for drilling, permitting, and technical studies comes from external capital markets.
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