GoldMinerPulse Report on Apollo Gold Corp.: (NI) 43-101 Metal Valuation Report

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Apollo Gold Corp. (APG)

Company Web Site: www.apollogold.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-02-02. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2012-02-03.

External Links: Yahoo News and Quotes  |  MB  |  StockCharts  |  StockHouse  |  Canadian Insider Trading

More External Links: Quote AMEX

Recent Production

  • 2009 : Black Fox 1st Gold Pour - May 2009, 11,000 oz in 2nd Qtr
Source(s): Company FORM 10-Q, June 30, 2008, p. 33 of 47.

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2012-02-03

Project/Deposit CC MVpSh  PP%  MI%  I% Gold
    Black FoxCA$15.9838%41%21%3.52 M oz    
    HuizopaMX$0.00000     
    Montana TunnelUS$0.00000     
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2012-Feb-03
Metric / MetalGold
    Metal Totals3.52 M oz    
    Metal Prices in US$ (from 2012-02-03)$1,725.90 / oz    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)		$15.98    
    Percentage of Total Metal Value100.00%    
    PP% | MI% | I%38% | 41% | 21%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2012-Feb-03
    Metal Value per Share (MVpSh)   US$15.98
    Average Ore Value per Tonne   US$
    Metal Value Leverage (MVL)    -no stock price-
    Recent Stock Price   C$   (TSX/TSXV close on 2012-02-03.)
  Conversion rate used: 1 Cnd$ = 1.00682 US$ )
    Fully Diluted Share Count   379.56 M    ( Fully diluted share count estimate taken from Apollo Gold Corporation, Outstanding Shares Summary web page (viewed February 2010). )
    PP% | MI% | I%   38% | 41% | 21%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    g/t
    Market Capitalization
    per oz of Gold In Ground		   $0.00   US$  |   0.00   C$
    Gold Eq Oz Estimate   3.52 M oz   ( 3.52 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent		   $0.00   US$  |   0.00   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Update Notes    -   February 2, 2010.

Removed Montana Tunnel mine from Apollo based on Apollo Gold Announces Replacement Letter of Intent to Sell Montana Tunnels Mining, Inc. 

Huizopa Project    -   See Huizopal Project page on the ApolloGold web site.

Quote:

The Huizopa Project is located in the Sierra Madres in Chihuahua, Mexico - a silver-gold district which is recognized as one of the prolific gold mining regions in the world and has historically produced over 40 million ounces of gold and 2 billion ounces of silver. The Huizopa project is located between Alamos Gold's Mulatos gold-silver project and the Minefinder's Dolores project. Apollo’s property package consists of 170 sq. km to date and the Company has conducted aerial surveys, mapping, geochemical sampling and geophysical surveys which identified three primary geological drill targets. In February 2008 the Company commenced a 30 to 40 hole core drilling program and to date has completed 12 holes.
The May 20, 2009 (NI) 43-101 report did not identify any resource or reserve estimates. 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Apollo Gold Corp. has started but is not complete.

Black Fox    -  ^top^

(NI) 43-101 Report:

Title: NI 43-101 Technical Report Apollo Gold Corporation Black Fox Project Timmins, Ontario, Canada
Date: 2008-04-14 (216 pages)

Project Location: Ontario, Canada

Map View: View the Black Fox mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$6.04    1.33 M oz     6.400 g/t     6.46 M t    
Estimate notes: See Table 3: Open Pit and Underground Ore Reserve Statement on p. 15 of 216 of the NI 43-101 dated April, 14, 2008.
Quote: These reserves are based on a gold price of US$650/oz. A cut-off grade of 0.9gpt is used in the open pit and 3.0gpt in the underground design.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$3.72    817.91 K oz     5.300 g/t     4.80 M t    
Estimate notes: Open Pit: See NI 43-101 p. 14 of 216
1.0 g/t of gpt-Au cut off
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.83    623.08 K oz     11.400 g/t     1.70 M t    
Estimate notes: Under ground: See NI 43-101 p. 14 of 216
3.0 g/t of Au cut off
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.86    407.99 K oz     4.700 g/t     2.70 M t    
Estimate notes: Open Pit: See NI 43-101 p. 14 of 216
1.0 g/t of Au cut off
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.53    336.94 K oz     13.100 g/t     800.00 K t    
Estimate notes: Underground: See NI 43-101 p. 14 of 216
3.0 g/t of Au cut off

Huizopa    -  ^top^

(NI) 43-101 Report:

Title: Report on the Geology and Current Status of the Huizopa Gold-Silver Property Chihuahua, Mexico
Date: 2009-05-20 (41 pages)

Project Location: Chihuahua, Mexico  /  Mining Region: Sierra Madre Occidental

Map View: View project on a Google Map.

Montana Tunnel    -  ^top^

(NI) 43-101 Report:

Title: Technical Report Montana Tunnels Mine Jefferson County, Montana, USA
Date: 2007-03-30 (157 pages)

Project Location: Montana, USA

Map View: View project on a Google Map.

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