Holds LOI to acquire Jalico Concesssions from First Majestic Corp.

Apollo Gold in Mexico

The Region

An established mining jurisdiction with strong focus on gold & silver

  • One of the highest ranked jurisdictions regionally by the Fraser Institute for investment attractiveness
  • Jalisco Province holds a strong history of gold and silver mining

 


 



Jalisco Project


  • The Jalisco Concessions encompass numerous old mines/workings including:
    • Ampora Mines Produced 2,933 kgs of gold and 138,597 kgs of silver (1924-1931)
    • Also includes historic La Calbaza, Piedra and Bola Mines
  • District dominated by Agnico Eagle Mines Ltd.:
    • El Barqueno:  8.1Mt @ 1.22 g/t Au / 4.63 g/t Ag (indicated) & 8.2 Mt @ 1.22 g/t Au / 17.45 Ag (inferred)
  • Rock grab samples on Etzatlan concessions: 0 to 11.18 g/t Au; 0 to 538 g/t Ag; 0.013 to 7.3% Pb; 0.009 to 6.19% Zn, and 0.003 to 2.5% Cu*
    • First Majestic identified drill targets
  • Apollo holds LOI for a 3 year earn-in to acquire 100%:
    • First Majestic Corp. to own 9.9%
    • $750k & $1.25m work commitment over 3 years

*Provided by, or reported on by, First Majestic Silver Corp., including in Apollo’s press release dated June 23, 2020. A qualified person has not done sufficient work to classify any of these estimates as current mineral resources or mineral reserves and these estimates are being treated as historical in nature and not as current mineral resources or mineral reserves. These historical estimates are presented for context only and should not be relied upon for assessing the merits of the Jalisco concessions.