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[Raudy]

WKN: 691373


Press Release Source: Apollo Gold Corporation

Latest High-Grade Gold Intercepts Reported At Apollo Gold`s Black Fox Project
Thursday February 2, 6:00 am ET

DENVER--(BUSINESS WIRE)--Feb. 2, 2006--Apollo Gold Corporation ("Apollo" or the "Company") (TSX: APG - News; AMEX: AGT - News) is pleased to announce additional encouraging results from the 2005 core drilling program of the Gold Zone at its Black Fox Project near Timmins, Ontario, Canada. The most recent drilling continues to demonstrate high-grade gold mineralization and excellent system continuity. Highlights include (all true widths): 7.8 feet (2.4 meters) of 3.20 oz Au/ton (109.8 gm Au / tonne) in Hole 235-317 and 12.2 feet (3.7 meters) of 3.10 oz Au/ton (106.2 gm Au / tonne) in Hole 235-320.

Apollo CEO and President R. David Russell commented: "The Black Fox project continues to exceed our expectations with high-grade gold intercepts as well as continued demonstration of continuity of the mineralized zones. The project remains the cornerstone of the Company and we believe that Black Fox will become a world-class mining operation. The Company continues to work on the updated Canadian National Instrument 43-101 ore reserves report with a final report expected by the end of the first quarter 2006."

Highlights from the most recent Black Fox gold zone drilling results are shown in the table below. The complete list of press releases with assay results for the Black Fox project is available on the Apollo website: www.apollogold.com.

BLACK FOX
Underground Drilling Update
January 31, 2006
Swastika Labs and SGS Labs

----------------------------------------------------------------------
Hole I.D. From To Width True Assay T. Width Assay
/ Section (Feet) (Feet) (Feet) Width (opt (Meters) (gpt
(Feet) Au) Au)
----------------------------------------------------------------------
170-19
10100E 62.3 72.2 9.9 7.4 0.110 2.3 3.77
----------------------------------------------------------------------
170-21
10100E 40.3 48.5 8.2 7.8 0.102 2.4 3.51
----------------------------------------------------------------------
170-22
10100E 88.2 91.2 3.0 2.9 0.546 0.9 18.71
----------------------------------------------------------------------
235-252 312.6 318.2 5.6 3.6 0.861 1.1 29.52
10062E 356.9 361.5 4.6 3.0 0.185 0.9 6.34
372.3 376.6 4.3 2.8 1.710 0.9 58.64
----------------------------------------------------------------------
235-255
10062E 356.5 361.8 5.3 5.3 0.879 1.6 30.14
----------------------------------------------------------------------
235-257 346.0 351.6 5.6 5.3 0.344 1.6 11.79
10062E 360.8 375.9 15.1 14.2 0.604 4.3 20.70
----------------------------------------------------------------------
235-258
10062E 615.3 618.9 3.6 3.1 0.123 1.0 4.20
----------------------------------------------------------------------
235-275
10413E 329.6 331.6 2.0 1.3 0.196 0.4 6.72
----------------------------------------------------------------------
235-284
10537E 755.1 758.3 3.2 3.0 0.448 0.9 15.36
----------------------------------------------------------------------
Hole I.D. From To Width True Assay T. Width Assay
/ Section (Feet) (Feet) (Feet) Width (opt (Meters) (gpt
(Feet) Au) Au)
----------------------------------------------------------------------
235-294
10550E 874.8 880.7 5.9 5.7 0.130 1.7 4.45
----------------------------------------------------------------------
235-295
10550E 918.7 926.3 7.6 7.1 0.322 2.1 11.03
----------------------------------------------------------------------
235-299
10550E 919.7 923.3 3.6 3.6 0.359 1.1 12.30
----------------------------------------------------------------------
235-317
10313E 498.2 508.4 10.2 7.8 3.202 2.4 109.79
----------------------------------------------------------------------
235-318
10313E 466.7 470.7 4.0 3.7 0.154 1.1 5.28
----------------------------------------------------------------------
235-319
10313E 386.7 391.0 4.3 4.3 0.183 1.3 6.28
----------------------------------------------------------------------
235-320
10313E 369.0 382.1 13.1 12.2 3.098 3.7 106.23
----------------------------------------------------------------------
235-337
10050E 311.6 328.0 16.4 16.1 0.112 4.9 3.83
----------------------------------------------------------------------

----------------------------------------------------------------------
Hole I.D. T.D.(m) Northing Easting Elevation Azimuth Incl.
----------------------------------------------------------------------
170-19 72.00 9998.63 10100.38 9825.50 24.00 -82.10
----------------------------------------------------------------------
170-21 52.50 9999.37 10100.36 9825.46 35.50 -27.30
----------------------------------------------------------------------
170-22 59.50 10016.18 10100.24 9831.62 219.30 +58.20
----------------------------------------------------------------------
235-252 183.50 9811.90 10061.76 9766.69 34.60 -1.20
----------------------------------------------------------------------
235-255 191.00 9811.90 10061.77 9766.14 35.30 -38.90
----------------------------------------------------------------------
235-257 221.00 9811.68 10061.81 9765.90 36.00 -63.30
----------------------------------------------------------------------
235-258 263.50 9811.53 10061.68 9765.80 30.50 -73.30
----------------------------------------------------------------------
235-275 257.80 9876.24 10413.14 9776.06 34.20 -3.20
----------------------------------------------------------------------
235-284 289.00 9821.74 10536.87 9784.48 33.00 -24.30
----------------------------------------------------------------------
235-294 336.50 9822.33 10549.40 9778.65 34.30 -60.20
----------------------------------------------------------------------
235-295 346.50 9822.19 10549.40 9778.57 32.00 -64.90
----------------------------------------------------------------------
235-299 311.00 9822.40 10549.40 9778.57 36.20 -49.60
----------------------------------------------------------------------
235-317 179.50 9877.03 10313.22 9772.70 35.10 -8.00
----------------------------------------------------------------------
235-318 175.00 9876.99 10313.21 9772.43 34.50 -23.20
----------------------------------------------------------------------
235-319 183.50 9877.08 10313.20 9772.08 34.10 -38.00
----------------------------------------------------------------------
235-320 195.00 9876.85 10313.08 9771.63 34.90 -66.50
----------------------------------------------------------------------
235-337 196.50 9810.15 10051.15 9765.50 36.80 -52.50
----------------------------------------------------------------------

The 2005 exploration program at Black Fox included underground and surface drilling in support of a full feasibility study that will update reserve calculations for both the open pit and underground deposits. Apollo`s drilling program was conducted using core hole spacing of 12.5 meters to support the determination of ore reserve values. The pre-feasibility study compiled in early 2004 credited the property with open pit gold reserves of over 3.2 million tons (2.95 million tonnes) with an average grade of 0.14 oz Au/ton (4.8 gm Au/tonne) for a total of 457,100 ounces of gold. The grade of the new underground reserves will increase considerably with the use of the higher cut-off grade suitable to an underground operation. Reserve tonnage figures are expected to increase significantly with the inclusion of subsequent drill results. In 2005 alone, Apollo completed a total of 51 surface core drill holes totaling 9814 meters and 160 underground core drill holes totaling 34,456 meters from the 235 meter level.

The total Black Fox drilling program since Apollo Gold purchased the property has been 449 surface core holes totaling 73,335 meters and 345 underground core holes totaling 135,712 meters.

The Black Fox project is located along the Destor-Porcupine Fault System within the Abitibi Greenstone Belt, a world-class mining district that has yielded over 75 million ounces of cumulative gold production from renowned mines such as Dome, Hoyle Pond, Hollinger, Holt McDermott and Harker Holloway. Black Fox was acquired by Apollo in late 2002 during a period of depressed metal prices as part of a strategic plan for the Company to explore and develop high-grade gold assets to replace its older and lower-grade producing properties.

This press release has been reviewed and approved for release by Richard Nanna, Professional Geologist, and the Company`s Senior Vice-President, Exploration and Development and designated "Qualified Person" under NI 43-101.

Apollo Gold Corporation

Apollo Gold is a gold mining and exploration company with a mine in Montana, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa Project, an early stage exploration project in the Sierra Madre Gold Belt in Chihuahua, Mexico.

FORWARD-LOOKING STATEMENTS

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements regarding potential mineralization, reserves, exploration results, timing of completion and the results of the Black fox feasibility study, anticipated development and timing of development, permitting, and production at Black Fox, and future plans and objectives of Apollo, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include: the results of independent Canadian NI 43-101 reports, the outcome of assays and additional exploration sampling and drilling efforts, delay in permits or approvals, technical, delay in permits or approvals, technical or permitting problems, variations in ore grade, mining, or processing problems or issues, the availability of funding on acceptable terms for the future exploration and development of Black Fox and other Apollo mines and projects, and other factors disclosed under the heading "Risk Factors" and elsewhere in Apollo documents filed from time to time with the Toronto Stock Exchange, The American Stock Exchange, The United States Securities and Exchange Commission and other regulatory authorities.


Contact:

Apollo Gold Corporation, Denver
Marlene Matsuoka, 720-886-9656, Ext. 217
Toll-Free: 877-465-3484
E-mail: [e-mail]
Website: www.apollogold.com

Source: Apollo Gold Corporation

[goldfriend]

[posting]20.008.698 von Raudy am 02.02.06 12:30:01[/posting]Hallo Raudy!
Schön, dass Du hier auch investiert bist.
Wäre jedoch nicht schlecht, wenn Du die Info´s in den Haupt-Theard setzen würdest.
Ich selbst habe aus Versehen für diesen Wert auch schon einen neuen Thread aufgemacht und einen Rüffel bekommen

[Raudy]

Info steht schon im Hauptthread.

[Raudy]

Vorbörsliches bis in Canada 0,50.

[Raudy]

z.Zt. vorbörslich über 20% in Canada im plus.

[Raudy]

Schlußkurs: 0,56 CAD$ + 30%.