Black Fox

Apollo's 100% owned Black Fox Mine was acquired in late 2002 from the Glimmer Mine joint venture which was operated and mined by Exall Resources Limited through 2001. The Mine is located 75 kilometers (40 miles) East of Timmins in Ontario, Canada and is on the Destor-Porcupine Fault Zone (DPFZ) in the Timmins Mining District. In April 2008, Apollo Gold filed a Canadian National Instrument (NI 43-101 Technical Report) prepared to a bankable standard ("bankable feasibility study") and announced a total probable reserves of 1,330,000 ounces of gold at Black Fox.

The project development commenced in October 2008 starting with the commencement of the removal of the glacial till material which overlay the open pit and will be completed in May 2009. Additionally in October 2008, the expansion of the Black Fox mill commenced to increase its throughput rate from approximately 1,100 to 2,000 tonnes per day. Ore mining at Black Fox commenced in March 2009 and the mill expansion was commissioned in April 2009. The first gold pour at Black Fox occured in May 2009.

Please click here for N1 43-101 Technical Report PDF (9MB) or refer to the following sections:

• 1-2: Introduction, Property Description and Location
• 3: Accessibility, Climate, Local Resources, Infrastructure, and Physiography
• 4: History
• 5: Geological Setting
• 6-8: Deposit Type, Mineralization, Exploration
• 9: Drilling
• 10-11: Sampling Method, Approach, Preparation, Analyses, Security and Data Verification
• 13: Adjacent Properties
• 14: Mineral Processing and Metallurgical Testing
• 15: Mineral Resources and Mineral Reserve Estimates
• 16: Other Relevant Data and Information
• 17: Additional Requirements for Development Properties and Production
• 18: Interpretation and Conclusions
• 19-21: Recommendations, References, and Glossary
• Appendix