Apogee Minerals Announces Planning for Winter 2022 Drill Program at Pine Channel Gold Project

VANCOUVER, British Columbia, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Apogee Minerals Ltd. (“Apogee” or the “Company”) (TSXV: APMI) is pleased to announce that planning is underway for a winter 2022 diamond drilling program at the 6,503 hectare Pine Channel project located 43 km west of Stony Rapids, Saskatchewan (the “Property”). Limited drilling has been completed in and around the property area by past operators, which resulted in the successful delineation of mineralization to shallow depths. Potential to test for further continuity at depth is considered to be excellent and details on winter program will be forthcoming.

Pine Channel Project Map:
https://www.apogeemineralsltd.com/_resources/images/pine-channel-proje ...

Apogee entered into an option agreement with Eagle Plains Resources in May 2021. Eagle Plains had acquired the project in 2018-2020 by staking and purchases from third-party vendors, and in 2019 and 2020 completed field programs designed to evaluate and confirm the nature of mineralization previously documented at historical showings.

Pine Channel Gold Property Summary:

The Pine Channel Property consists of 28 mineral dispositions covering 6,503 hectares located approximately 43 km west of Stony Rapids, Saskatchewan. The Property can be accessed year-round by float- or ski-equipped aircraft from Stony Rapids or Fort MacMurray, AB. The eastern and northern part of the property is transected by a high voltage powerline. Most geological fieldwork is limited to late May to October but other operations such as geophysical surveys and diamond drilling can be completed year-round.

Highlights from documented historical work include:

• North Norite Bay (SMDI 2183): 407.96 g/t (14.39 oz/T) Au over 0.5 m (historical drill hole)
• ELA (SMDI 1574): 39.96 g/t (1.41 oz/t) Au over 0.55 m (historical drill hole)
• Holes G-1 and G-3 (SMDI 2329): 3.20 g/t Au over 1.0 m (historical drill hole)
• Occurrence No. 6/Occurrence No. 8 (SMDI 1581): 90.6 g/t (3.20 oz/T) Au over 0.2 m (historical trench sample)
• Cole Lake Ni-Cu (SMDI 1583): 0.45% Ni over 7.0 m (historical drill hole), 6.2 g/t Au, 0.01% Ni and 0.06% Cu over 3.0 m (historical trench sample)