08:36 AM EST, 02/12/2025 (MT Newswires) -- Apollo Silver ( APGOF ) on Wednesday provided details of its 2025 work program at the Calico silver project in California.
The company said it will commence a barite work program to define and add the critical mineral to an updated mineral resource estimate for the Waterloo area.
Apollo will also initiate a mapping and sampling program in the Burcham mine area of Waterloo, following up on surface gold sampling results, in advance of a drill program to expand on gold mineralization outlined in the 2023 Waterloo mineral resource estimate.
"With the U.S.'s growing focus on securing domestic critical mineral supplies, we believe the barite contained within the Calico project can provide regulatory support," said Andrew Bowering, Apollo's chairman and interim CEO. "Accordingly, the upcoming program looks to produce a current and compliant barite resource at Calico, creating additional value for our shareholders."
Meanwhile, a new executive for the Ejido Benito Juarez, owner of the surface rights covering the Cinco de Mayo claims in Mexico, was recently elected, Apollo said.
"A new executive that is more favorable to resource development was recently certified for a three year term, opening up the opportunity for meaningful discussion for the first time in a dozen years," Bowering said.
Apollo's share price fell 2% on Tuesday to $0.24 on the TSXV.