Apella Resources Inc. (TSX VENTURE: APA)(OTCQX: APAFF)(FRANKFURT:
NWN) is pleased to announce the results of 19 diamond drill holes
(2,821 metres) of its Phase 4 exploration/development program on
its Iron-T Vanadium-Iron-Titanium Project; located 10 km southeast
of Matagami, Quebec. The Iron-T continues to deliver positive
results.
Eleven of the holes completed in this phase, totaling 1,750
meters, are considered development (infill) drill holes. They were
positioned on four transversal sections across the main mineralized
zone already outlined by previous drilling. These new infill holes,
drilled at 50m intervals, now connect several peripheral zones of
mineralization, to Apella's main Genesis deposit on the Iron-T. The
peripheral zones of mineralization were not included in SGS's May
19, 2011 NI-43-101 resource estimate, since they were considered
disconnected from the main zone. Apella's 2010 drill holes into
these peripheral zones returned significant grades and intersects
of mineralization.
Three new significant mineralized zones running parallel to the
main Genesis zone have now been discovered and tested over three
sections. It is anticipated that these new zones will provide
mineralized extensions in both the easterly and westerly
directions. These three sections plus one additional one cover the
eastern extension of the main Genesis deposit. As a result of these
three new mineralized zones, the mineralized layers including the
Genesis zone now reach a significant width approaching 200 metres.
With this infill drilling Apella has met its objective of joining
these additional zones to its main Genesis orebody and
simultaneously increasing the tonnage significantly as well as
permitting it to classify some of the new resources in the measured
category.
Table 1
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-40 93.00 95.50 2.50 0.12 18.46 1.92 0.34
--------------------------------------------------------------
96.75 101.75 5.00 0.21 21.50 3.10 0.46
--------------------------------------------------------------
106.16 109.94 3.78 0.29 24.33 3.72 0.58
--------------------------------------------------------------
This hole is located 50m south of Apella's Hole MA-10-28 which
earlier returned the following:
--------------------------------------------------------------
91.60 95.00 3.40 0.46 34.93 5.34 0.88
--------------------------------------------------------------
112.86 127.00 14.40 0.41 31.20 4.98 0.76
--------------------------------------------------------------
148.17 160.67 12.50 0.36 25.34 3.81 0.66
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-41 81.45 95.00 14.80 0.14 18.44 1.94 0.35
--------------------------------------------------------------
121.00 136.50 15.50 0.09 14.52 1.22 0.26
--------------------------------------------------------------
145.00 148.00 3.00 0.11 16.37 1.44 0.30
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-42 107.50 113.75 6.25 0.20 21.93 2.59 0.46
--------------------------------------------------------------
116.25 118.75 2.50 0.17 19.77 2.22 0.40
--------------------------------------------------------------
121.25 122.50 1.50 0.48 32.02 5.95 0.87
--------------------------------------------------------------
131.25 133.88 2.63 0.65 48.64 7.28 1.20
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-43 17.72 18.47 0.75 0.13 17.92 2.75 0.34
--------------------------------------------------------------
20.97 26.41 5.44 0.35 33.59 5.61 0.75
--------------------------------------------------------------
27.31 27.87 0.56 0.21 25.33 3.64 0.51
--------------------------------------------------------------
30.37 46.00 15.63 0.16 18.48 2.45 0.38
--------------------------------------------------------------
89.24 91.00 1.76 0.21 18.13 2.90 0.43
--------------------------------------------------------------
93.50 94.75 1.25 0.13 15.77 1.90 0.31
--------------------------------------------------------------
97.25 106.50 9.25 0.19 22.81 2.80 0.46
--------------------------------------------------------------
110.33 111.92 1.59 0.16 25.38 2.20 0.45
--------------------------------------------------------------
113.27 127.02 13.75 0.21 23.64 2.94 0.48
--------------------------------------------------------------
134.83 137.13 2.50 0.23 22.34 3.43 0.50
--------------------------------------------------------------
138.38 144.53 6.25 0.21 22.64 3.51 0.48
--------------------------------------------------------------
This hole was set-up 50m south of Apella hole MA-10-23 which
earlier returned the following:
--------------------------------------------------------------
47.18 92.05 44.87 0.57 44.63 8.39 1.11
--------------------------------------------------------------
105.50 109.30 4.80 0.31 24.02 3.67 0.59
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-44 23.26 34.61 11.35 0.11 20.79 2.24 0.36
--------------------------------------------------------------
25.11 56.51 11.40 0.21 22.12 3.71 0.48
--------------------------------------------------------------
57.76 69.35 11.59 0.39 40.40 6.56 0.88
--------------------------------------------------------------
74.23 83.06 8.83 0.46 43.83 8.27 0.99
--------------------------------------------------------------
84.08 144.45 59.84 0.39 36.41 6.47 0.83
--------------------------------------------------------------
147.05 50.80 3.75 0.13 17.58 1.69 0.33
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-45 71.46 72.46 1.00 0.14 20.06 2.53 0.38
--------------------------------------------------------------
This hole intersected a strong and thick NE trending fault
zone.
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-46 69.05 74.05 5.00 0.21 24.63 3.07 0.49
--------------------------------------------------------------
75.30 77.80 2.50 0.16 16.83 1.92 0.35
--------------------------------------------------------------
135.50 137.00 1.50 0.21 20.72 2.50 0.45
--------------------------------------------------------------
141.50 144.50 3.00 0.11 16.02 1.29 0.29
--------------------------------------------------------------
146.00 147.50 1.50 0.25 25.37 3.27 0.55
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-47 58.71 59.80 1.19 0.29 26.37 3.52 0.60
--------------------------------------------------------------
60.78 66.26 5.48 0.23 23.27 2.93 0.51
--------------------------------------------------------------
78.36 79.61 1.25 0.13 16.93 1.61 0.33
--------------------------------------------------------------
106.00 109.91 3.91 0.17 19.46 2.22 0.40
--------------------------------------------------------------
110.81 112.00 1.19 0.11 25.57 1.22 0.40
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-48 37.20 38.55 1.25 0.14 16.52 2.67 0.34
--------------------------------------------------------------
39.80 55.51 15.71 0.16 20.52 2.28 0.40
--------------------------------------------------------------
68.05 71.55 3.50 0.28 25.15 4.04 0.58
--------------------------------------------------------------
74.05 75.30 1.25 0.13 16.49 2.09 0.32
--------------------------------------------------------------
76.55 78.95 2.40 0.28 24.79 4.04 0.58
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-49 30.75 33.00 2.25 0.11 15.38 2.25 0.29
--------------------------------------------------------------
39.60 41.20 1.60 0.43 36.31 6.69 0.87
--------------------------------------------------------------
44.97 56.87 13.15 0.45 42.20 7.73 0.96
--------------------------------------------------------------
89.70 103.16 13.46 0.23 23.05 3.12 0.51
--------------------------------------------------------------
108.16 110.66 2.50 0.15 18.62 2.25 0.3
7
--------------------------------------------------------------
124.95 140.72 15.77 0.22 23.11 3.07 0.50
--------------------------------------------------------------
141.97 144.47 2.50 0.12 16.74 2.14 0.32
--------------------------------------------------------------
145.72 150.00 4.28 0.17 19.65 2.75 0.40
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-58 21.59 45.34 28.72 0.14 19.24 2.63 0.37
--------------------------------------------------------------
47.84 55.30 7.46 0.12 17.36 2.27 0.33
--------------------------------------------------------------
84.28 93.73 9.45 0.22 25.63 3.96 0.52
--------------------------------------------------------------
115.05 150.25 35.20 0.35 35.20 5.72 0.78
--------------------------------------------------------------
Note: Since the Iron-T deposit holds a non-negligible portion of
Magnetite and Titanium Dioxide. It is consequently important to
determine the dollar value per tonne of the oxide contained in the
mineralized zones as well as the cut-off grade. This cut-off grade
is expressed as a percentage.
In order to be consistent with the previous results released
since 2010, Apella used the same metal prices for the Vanadium,
Titanium and Iron as of June 14, 2010. Those prices are as
follows:
Fe = 182 US$ per metric tonne (0.182 US$/kg);
TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
V2O5 = 14,000.00 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%,
TiO2= 65% and V2O5 = 75%, which give the following unitary prices:
Fe= 118 US$/tonne, TiO2 = 59 US$/tonne and V2O5 = 105
US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are
respectively 0.011 and 0.006.
The V2O5EQ is calculated using the following formula:
V2O5EQ = V2O5 + 0.011 x Fe+0.006 x TiO2 = %
The Iron-T cut-off was estimated by SGS Geostat to 0.48%
V2O5EQ.
All values above this percentage are considered in the
calculation of the resources.
One hole of the current Phase 4 drill holes (MA-11-57) has been
set-up on the eastern end of another mineralized zone referred to
as "II Zone" which runs parallel to the Genesis zone, about 50m
north. This hole also represents part of the current, systematic
development drilling, planned for the main Genesis zone. It forms
part of the overall objective of increasing tonnage quickly and
substantially, and bringing the Genesis deposit to a measured and
indicated status as soon as possible.
Results of this hole are as follows:
Table 2
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-57 10.21 18.96 8.75 0.21 24.26 3.96 0.50
--------------------------------------------------------------
21.46 61.70 38.99 0.20 22.27 3.73 0.46
--------------------------------------------------------------
68.16 84.42 16.26 0.17 19.35 3.00 0.40
--------------------------------------------------------------
86.65 116.65 28.75 0.16 18.89 3.10 0.38
--------------------------------------------------------------
Two of the four mineralized layers intersected in Hole MA-11-57
are low grade but since this II Zone is close to Genesis, they
could be considered as potential ore if this mineralized zone is
systematically drill tested.
Another of the current drill holes (MA-11-56), 150m in length,
was set-up on top of a hill coinciding with a strong magnetic
anomaly interpreted as the western extension of the Genesis
Deposit. On the slopes of this hill, several outcrops discovered in
2010 by Apella, show disseminated oxides. This hole is located
about 1 km west of the western most hole (MA-10-37) drilled by
Apella in 2010, a hole which confirmed the extension of the main
deposit in a NWN direction, exactly as anticipated by Apella.
Because of the steep topography and the presence of frozen ground,
it has not been possible to set- up the drill rig on the northern
edge of the magnetic anomaly. Apella has collared the hole at about
25m south of the recommended location, on top of the hill which
coincide to the highest magnetic readings.
Results of this drill hole are as follows:
Table 3
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-56 5.17 35.17 30.00 0.15 22.20 3.85 0.41
--------------------------------------------------------------
86.45 102.70 16.25 0.14 21.80 2.99 0.40
--------------------------------------------------------------
This mineralization needs to be tested at depth by a new hole to
be set-up at about 75 m north of MA-11-56, at the bottom of the
hill.
All current drill holes bored to date have shown alternations of
the gabbro with disseminated to massive layers of magnetic oxides,
which Apella finds very encouraging. An interesting fact is the
observed disseminated oxide layers are much thicker than the
semi-massive to massive layers. This indicates that the
mineralization should provide significant thickness enhancing
compatibility for open pit mining.
The drilling of the western extension of the Iron-T Project was
aimed to evaluate at depth a 5 km long magnetic axis which was
confirmed by the 2010 surface magnetic survey. This magnetic axis
is oriented NW exactly as also detected in early airborne magnetic
surveys flown between 1948 and 2007. Although these significant
magnetic signatures were clearly visible, this magnetic axis has
never been drill tested or even mapped until now. Six drill holes
totaling 921m in length were bored for the evaluation of the
associated magnetic layers. It is expected that these layers may
add a significant resource of Vanadium-Iron-Titanium mineralization
to the overall Iron-T Project. Achieving additional tonnage outside
the main deposit in the Genesis Zone will also demonstrate the
consistency of the mineralization at depth along the 22.5km strike
length of the Iron-T Project. Drill holes have been set-up at about
1000 m intervals along this extension.
Results of this exploration program are as follows:
Table 4
--------------------------------------------------------------
Hole No. From m To m Length m V2O5% Fe % Ti % V2O5EQ %
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-50 Insignificant vanadium values
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-51 15.00 50.19 35.19 0.31 30.36 5.97 0.68
--------------------------------------------------------------
53.84 111.13 57.29 0.45 33.62 6.15 0.85
--------------------------------------------------------------
111.13 119.62 8.49 0.17 16.23 2.68 0.37
--------------------------------------------------------------
124.05 146.38 22.33 0.29 22.77 3.28 0.56
--------------------------------------------------------------
155.36 170.64 15.28 0.30 23.00 3.15 0.57
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-52 5.28 60.48 55.20 0.43 35.08 6.64 0.86
--------------------------------------------------------------
61.98 111.75 24.00 0.31 22.80 3.45 0.58
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-53 28.30 71.80 43.50 0.39 32.34 6.15 0.78
--------------------------------------------------------------
74.80 132.25 57.45 0.34 24.81 3.77 0.64
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-54 9.48 51.61 42.13 0.40 31.82 5.84 0.79
--------------------------------------------------------------
106.00 113.50 7.50 0.33 24.98 3.70 0.63
--------------------------------------------------------------
117.00 127.50 10.50 0.33 22.99 3.39 0.61
--------------------------------------------------------------
--------------------------------------------------------------
MA-11-55 33.00 51.00 18.00 0.27 30.42 6.07 0.64
--------------------------------------------------------------
62.00 82.00 21.50 0.40 28.37 4.79 0.74
--------------------------------------------------------------
98.50 104.50 6.00 0.49 32.46 5.45 0.87
--------------------------------------------------------------
The drilling of this western extension of the Iron-T Project has
confirmed the presence of V-Fe-Ti mineralization has delineated by
the 2010 surface magnetic survey. However, this mineralization
presents a significant difference with the main Genesis zone. The
V-Fe-Ti described as homogeneous heavily disseminated (10-15%) iron
oxides mineralization. The V2O5EQ percentage is homogeneous and
surprisingly slightly higher than the zones containing semi to
massive layers.
Positive results of this exploration program warrant a
systematic drilling program at a 50m interval with a minimum of two
drill holes per section.
This press release has been reviewed by Dr. Christian Derosier,
P. Geo., Consulting Geologist and Qualified Person for the Iron-T
project under National Instrument 43-101.
Additional information is contained on the Company's website at
www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard &
Poors Listed, Dun & Bradstreet Listed.
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Apella Resources Inc. W. Adrian Bakker Vice President
of Corporate Communications 604-683-8990 or Toll Free:
1-800-663-8990 604-683-8903 (FAX) apella@apellaresources.com
www.apellaresources.com
AlliancePharma Inc. (TSXV:APA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
AlliancePharma Inc. (TSXV:APA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024