Apolo Gold and Energy, Inc. (APLL.OB) is a resource company with its primary business focused on locating, acquiring and developing ore and energy deposits. The company was formed in March 1997 under a similar name using its original business plan of financing and operating precious metals concessions. Its current name and focus came in May 2005.
The Beowawe Project is located in the northern Nevada area, 250 miles northeast of Reno. Apolo signed a Letter of Intent with Atna Resources in 2005, which further led into an option agreement. The option agreement permits Apolo to spend $2,200,000 over a four year period, which will in turn yield a 55% joint venture in the property. The Beowawe Project extends over 2,100 acres and includes one of the largest and most thermally active hot-springs systems in the Great Basin.
The Napal Umbar Picung Project (“NUP”) is located on the island of Sumatra in Indonesia. The NUP property is a 73 hectare gold and silver project positioned along the Trans Sumatra Fault Zone with epithermal gold bearing quartz breccia veins. Apolo holds the development rights to the NUP property, which allows for lower costs throughout production. Early samples taken from the NUP property had grade returns of up to 18.40 grams of gold per ton.
Apolo secures its development funds through joint ventures while targeting early stage prospects. With its Beowawe Project located in Nevada, the company is expecting strong gold potential. The Nevada region is a significant mining area, and the third largest producer of gold in the world, after Africa and Australia. The company also has prospects and agreements in other locations around the world, and holds strong relationships with other mining companies. Apolo has a Memorandum of Understanding with Yingchang Gold Ore in China and supports world class mining projects such as the Freeport McMorRan mine in Irian Jaya and projects by Newmont and Inco.
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