Apollo Gold Corporation - Huizopa Exploration Page

Huizopa Project (MEXICO)

Huizopa Project
Geology
Location / Maps
Drilling & Assays

The Huizopa Project is located in the Sierra Madre Occidental Mountains in Chihuahua, Mexico. These mountains contain the Sierra Madre Gold Belt (SMGB), a silver-gold province recognized as one of the most productive gold –silver mining regions in the world which historically produced over 40 million ounces of gold and 2 billion ounces of silver. The Huizopa Project is approximately 17 kilometer southwest of Minefinder's Dolores Project and 33 kilometer northeast of the Alamos Gold's Mulatos gold-silver project, thus Huizopa is on a straight line between these two large producers. The Huizopa project is subject to an 80% Apollo/20% Mineras Coronado joint venture agreement. The Huizopa project consists of a block of mining concessions covering 170 square kilometer.

Huizopa - Update

Current News: 07.07.09 - (Correction) Apollo Gold Announces Release of NI43-101 Report on Exploration at the Huizopa Project in Mexico

* Huizopa NI43-101 Report

The NI43-101 Report contains details of the surface exploration, geochemical sampling and geophysical programs completed by Apollo to date on the Huizopa project. Also included in the Report are the results from the core drilling program completed in the first quarter of 2008 on the Puma De Oro and Lobo De Oro exploration targets, which were previously publicly announced by Apollo. The highest intercept of Au was 42 grams/tonne & Ag was 162 grams/tonne.

Mineralization - occurs on a series of northwest trending quartz structures with strike lengths from 2.0 to 4.5 kilometer. The Company conducted aerial surveys, mapping, geochemical sampling and geophysical surveys which identified 3 primary geological drill targets. In the first and second quarter of 2008, the Company completed 31 holes in a chopper supported core drilling program on approximately 1,000 meter strike length on a favorable fault trend that is over 2 kilometer in length. Two exploration targets (Puma de Oro and Lobo de Oro) were identified at this project and in August 2008, the Company announced results from the core drilling program on the Puma De Oro exploration target. Twenty five (25) NQ core holes were drilled on a north-trending zone and found anomalous gold and silver in 20 of the holes with 6 of the twenty holes having significant gold and silver values. Drilling assay results of core holes with intercepts greater than 0.5 grams per tonne were announced as well ( Huizopa NI43-101 Report ).

Geology:

The geology at Huizopa is characterized by a series of parallel, low sulfidation gold-silver, quartz veins hosted by Tertiary-age volcanic rocks. Silver to gold ratios in the veins and from the material on historic mine dumps indicate the Huizopa area hosts an extensive gold-bearing hydrothermal system. Two major parallel quartz vein systems with north trending structures contain many single vein outcrops 7 to 10 meters thick suggesting a series of stacked veins. Strike lengths are over 2.0 km on the property with untested down dip potential. The stratigraphy of the Huizopa area has two sections of relatively mafic lava flows with intercalated volcanic clastics. The dominant strike azimuths of faults are 340º and 160º with dips ranging from vertical to 33º. Most of these structures, including the major faults with associated thick gouge or breccia zones, dip eastward. These east dipping faults are the faults associated with quartz veins, brecciation, and mineralization.

Sporadic shallow underground mining limited to a few high-grade zones was done in the past but no mining has taken place at Huizopa since 1936. The property is very remote and will continue to be accessed by helicopter.

( Huizopa Geology Diagram )

View enhanced diagrams of Huizopa geology (Page 51-52) and location maps in the recently released NI43-101 Report. * Huizopa NI43-101 Report

Black Fox Mine - Core Samples

Location / Maps:

The Huizopa project is located in the northern part of the Sierra Madres in the state of Chihuahua, Mexico, near the border with the State of Sonora, and encompasses a block of mining concession claims of approximately 170 square kilometer. During 2007, we acquired new claims to the east of our holdings that expanded our land position from 128 sq. km. to 170 sq. km. ( Detailed maps can be found in the Huizopa NI43-101 Report )

Drilling & Assays:

Huizopa Assay g/t - 1st Drilling Program
( Highest Intercept Au 42 Grams / Tonne & Ag 162 Grams / Tonne ) For complete Huizopa assay and drill information - please view the NI43-101 Report

Huizopa Drilling/Assay Results

Huizopa Drill Hole Map

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