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I first heard of Apolo gold here where it is listed in a table in the following article: Storm Watch Update from Jim Puplava May 24, 2002 - The Perfect Option financialsense.com They are planning to go into production this year at the rate of 200 tons per day from their promising new high grade (both gold and silver) property in Indonesia. Apparently Martial Levasseur, President Apolo Gold Inc has been involved with this propertly since 1996, so it is not clear to me why Apolo has acquired this project only recently. Recent News release of interest: VANCOUVER, British Columbia--(BUSINESS WIRE)--April 16, 2002-- Apolo Gold Inc. (OTC BB: APLL - news) is pleased to announce the acquisition of a property known as Napal Gold Property, located about 60km southwest of Bandar Lampung, Sumatra, Indonesia. This property, consisting of 734 hectares, has a Production Permit (KP) in place, and consists of several high-grade veins, containing impressive gold and silver values. Extensive exploration work has already been carried out, consisting of approximately 50 trenches, varying from 100 feet to 1,000 feet, across the mineralization. Eight parallel veins have been exposed by trenching across the mineralized zone, and 34 shafts and short drifts have been undertaken on several of these high-grade veins. Sampling completed recently by Apolo Gold Inc. averaged 19.78 grams per ton of gold and 1,096 grams per ton of silver. Consideration for this agreement consisted of a payment of $25,000 by June 15, 2002, and quarterly payments of $25,000 for Sept. 15, 2002 and Dec. 31, 2002. Thereafter, semi-annual payments of $25,000 starting March 15, 2002, until a total of $375,000US has been paid. As well, the company will issue a total of 3 million restricted common shares to two parties. The company will retain 80 percent of the net profits once production commences. Company web site: apologold.com Other links: cap-lift.com - this newsletter writer regularly comments on APLL. I have no idea of his track record or how good he is. | ||||||||||||||
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