Apogee Minerals Ltd.
TSX VENTURE : APE

Apogee Minerals Ltd.

March 28, 2007 08:30 ET

Apogee Intersects Significant Potential Open Pit Mineralization at Pulacayo Mine

Wide Zones of Silver, Zinc Mineralization

TORONTO, ONTARIO--(CCNMatthews - March 28, 2007) - Apogee Minerals Ltd. (TSX VENTURE:APE) has intercepted wide zones of significant silver-lead-zinc mineralization in recent drillholes to evaluate the near-surface, Upper Tajo Vein System (UTVS) at the historic Pulacayo Silver project. The drillholes are located approximately 4 km from the company's Paca Open Pit Resource (see Press Release dated February 19, 2007).

Apogee Vice President Exploration, Doug Currie stated: "These results confirm the potential to define zones of significant silver, zinc, and lead mineralization substantially wider than the high-grade lode structures historically mined underground at Pulacayo. With mineralization beginning at surface in some areas, this bodes well for the definition of an open pittable mineral resource. The proximity of this mineralization to the Paca Open Pit Resource also adds the possibility of impacting potential efficiencies and being complementary to any potential development scenarios at Paca. Further drilling will be completed during Q2-2007 to enable a 43-101 Resource Estimate in 2007."

A mineralized zone extending at least 800m in strike length has been defined by surface diamond drilling within the brecciated and stockworked upper oxidized portion of the high grade, lode-style Tajo Vein System. The Pulacayo Mine was historically mined between 1883 and 1959 to a depth of over 1000m. It produced over 600 million ounces of silver with head grade averaging 30 oz/tonne, in addition to 180,000 tonnes each of lead and zinc.

The highlights include:



TABLE 1
HIGHLGHTED SIGNIFICANT INTERSECTIONS
Pulacayo UTVS
(PUD-033 - PUD-042)

HOLE No Width Silver Lead Zinc
(m) (g/t) (%) (%)
-----------------------------------------------------------
PUD-034 18.0 45.22 1.33 2.13
incl 3.0 204.00 6.22 6.12
PUD-035 11.00 55.64 1.15 1.60
incl 3.00 180.00 3.16 2.86
and 13.00 68.00 0.60 1.45
incl 3.00 219.00 1.39 2.82
PUD-036 26.00 15.96 0.35 1.51
incl 2.00 130.50 1.77 6.00
and 45.00 54.29 0.80 2.14
incl 2.00 242.50 1.60 5.01
incl 4.00 215.00 2.15 2.30
incl 3.00 114.67 1.21 3.55
incl 2.00 111.50 1.36 3.63
PUD-037 31.00 22.90 0.65 0.91
incl 4.00 133.75 2.36 1.57
and 7.00 139.43 0.85 0.62
incl 3.00 323.33 1.93 1.20
PUD-038 28.00 47.46 0.79 0.76
incl 2.00 217.00 2.39 1.50
incl 2.00 125.00 0.44 0.25
and 57.00 41.11 0.49 1.27
incl 1.00 106.00 0.39 1.10
incl 3.00 334.00 2.59 2.40
incl 4.00 115.25 0.82 1.29
incl 1.00 64.00 0.20 10.00
PUD-041 20.00 15.10 0.76 2.43
incl 4.00 50.75 2.69 5.81
and 7.00 131.29 2.63 3.35
incl 3.00 299.33 5.81 6.23
PUD-042 23.00 39.30 1.44 2.03
incl 2.00 106.00 2.18 7.26
incl 5.00 122.80 4.45 3.42
and 35.00 58.83 1.17 1.83
incl 10.00 137.30 2.53 2.30


The current program, completed in December 2006, included 10 infill drillholes (PUD-033-042) totalling 2312m (Figure 1). These holes were supplemental to programs of surface and underground drilling completed earlier to evaluate the near surface open pit and deeper underground potential of the Pulacayo vein system (See Press Releases September 7, 2006 and June 22, 2006). Drilling has concentrated on a 800m long strike zone of the western end of the Pulacayo structure which extends over 2500m. Drillholes are generally spaced along sections approximately 50m apart.

Silver-zinc-lead mineralization at Pulacayo is related to a high level epithermal system hosted in an east-west vein structure, the Tajo Vein, which cuts a series of Tertiary dacite to andesite porphyritic intrusive rocks and andesite flows which intrude Tertiary sandstones and conglomerates (Figure 2). The structure consists of a number of veins, veinlets and stockwork. The structure has been traced along strike for 2500 metres and to a vertical depth of 1000 metres and remains open. The width of the structure varies from 0.50 metre to 50 metres. When the structure rises towards the current surface it crosses the contact between the sediments (at depth) and the overlying volcanic flows and tuffs and develops to a disseminated and stockworked vein style mineralization style.

Results of the five surface holes, released earlier, designed to twin and infill between drillholes completed by joint venture partner Apex Silver Mines Limited (AMEX:SIL) in 2002 confirmed historical drill results and outlined potential for the definition of an open pitable resource within the upper oxidized portion of the Tajo Vein system. High grade silver and zinc intersections were reported within broader zones of rich silver, lead and zinc mineralization (See Table 1, Press Release June 22, 2006). Some of the better results from these earlier holes include:



PUD-028 13m @ 153.31g Ag/t, 1.74% Pb, 1.54% Zn
Including 2m @ 386g Ag/t, 3.90% Pb, 3.08% Zn, and
2m @ 560g/Ag t, 5.88% Pb, 1.82% Zn

27m @ 53.24g Ag/t, 0.38% Pb, 1.42% Zn
Including 1m @ 569g Ag/t, 1.85% Pb, 4.36% Zn, and
1m @ 428g Ag/t, 0.96% Pb, 3.15% Zn

PUD-032 42m @ 33.98g Ag/t, 0.48% Pb, 2.88% Zn
Including 10m @ 114.5g Ag/t, 1.07% Pb, 7.42% Zn

Narrower, very high grade silver, lead and zinc mineralization was also
previously reported in underground drilling within the Tajo Vein
(Press Release September 7, 2006). Significant results from the four
underground drill holes, PUDU-001 to -004 include:


PUDU-001 7m @ 623.71 g silver/t, 4.95% lead, 4.59 % zinc
Including 3m @ 1443.33 g silver/t, 11.21% lead, 8.74% zinc

30m @ 244.70 g silver/t, 1.70% lead, 2.46% zinc
Including 2m @ 1331.5 g silver/t, 2.49% lead, 6.29% zinc

PUDU-002 19m @ 321.326 g silver/t, 0.44% lead, 0.73 % zinc
Including 4m @ 784.5 g silver/t, 0.91% lead, 0.96% zinc

PUDU-003 17m @ 219.0 g silver/t, 0.36% lead, 0.91 % zinc

PUDU-004 10m @ 355.2 g silver/t, 1.63% lead, 3.69% zinc
Including 2m @ 1407.5 g silver/t, 7.12% lead, 15.18% zinc


In addition to the Pulacayo-Tajo Vein System, the Pulacayo Project also includes the Paca Prospect, 4km to the north of Pulacayo, where Apogee have recently announced definition of an Inferred Mineral Resource of 18.42Mt
@ 43g/t silver, 0.68% lead, 1.16% zinc (See Apogee Press Release February 19, 2007). It is thought that the metallurgical characteristics of the Upper Tajo Vein System at Pulacayo will be similar to Paca and that defining a mineral resource at Pulacayo would be complementary to any potential development scenario for Paca. Additional surface trenching and drilling will be required within the 800m long zone already defined and also to the east where drilling is very sparse.

Apogee President and CEO John Carlesso commented: "These very significant results, particularly when combined with the outstanding results we have received from drilling at the nearby Paca project, continue to give us considerable confidence in the future of the Pulacayo area. Our efforts will now be focused on follow-up and infill drilling of the UTVS mineralized system to outline a NI 43-101 compliant mineral resource at the earliest opportunity."

History of Pulacayo-Paca Silver Mines

The Pulacayo-Paca project is located in southwestern Bolivia near the city of Uyuni, 460km south of La Paz, Bolivia, in the historical San Cristobal-Potosi Silver Belt, a wide, well mineralized zone of significant historical silver producers, including the three largest silver deposits in Bolivian history (Potosi, San Cristobal, and Pulacayo).

Discovered in 1883, the Pulacayo Silver Mine was the second largest silver mine in Bolivia after Cerro Rico de Potosi and one of the most important in Latin America, having produced over 600 million ounces of silver, 180,000 tonnes of zinc, and 180,000 tonnes of lead from 1883 to 1959 (ref. Sergeomin - Bulletin No 30, 2002). Production has been mainly from the non-outcropping Tajo vein system which was exploited to a depth of 1000 meters and averaged 30 ounces per tonne of silver over a strike length of 2500 meters. Revenue from the mine funded the first railway line to Bolivia, which connected the mine to the port of Antofagasta, Chile in 1888. The project is located 20 km by gravel road from the city of Uyuni which is connected by highway and railway to the sea port of Antofagasta, Chile. The site contains all necessary services: power, water and an experienced labour force from the surrounding village of Pulacayo.

The Paca project is located approximately 5km north of the Pulacayo mine and town site. Only minimal historical mining has occurred at Paca. Previous interpretation of geological mapping and historical drilling by Apex Silver indicated that mineralization reported was predominantly "mantos-style" within a shallow, flat-lying sedimentary unit which overlies a sub-vertical brecciated "feeder" zone related to an andesite intrusive dome. Mineralization within the "mantos" is dominantly high grade silver, with weaker lead and zinc values; mineralization in the "feeder" zones generally has higher grade lead and zinc values than in the mantos, with narrow, moderate to high grade, silver values.

Apogee geologists now believe that the geology of the Paca mineralized zone is more complicated than originally interpreted, with potential for feeder-style mineralization being more widespread than originally thought and for additional zones of flat lying mantos-style mineralization at depth within the sedimentary unit.

Apogee entered into a joint venture agreement with Apex Silver late in 2005 which allows Apogee to earn a 60% interest in the property by spending US$1.0million on exploration, including US$250,000 during the first six months, and completing a Feasibility Study during a three year Earn-in Period; Apex Silver have an option to increase its interest to 60% by funding development to production (see Press Release dated September 15, 2005).

Building A Premier Emerging Silver Producer

Apogee Minerals Ltd. is a Canadian producer of silver-zinc-lead and also carries out exploration and development activities. The company is listed on the TSX Venture Exchange under the symbol APE. Apogee is focused on advanced Silver-Zinc projects in South America that demonstrate the potential to receive capital investment and be rapidly developed to production. Currently all of its projects are located in the historic silver producing regions of central and southwest Bolivia.

The 100%-owned La Solucion Mine, which produces approximately 2,300 tonnes of ore each month averaging 44g/t silver, 1.3% lead and 4.11 % zinc (2006 average), has a 17 year production history and hosts a 120 tonne per day flotation mill. Apogee management is focused on modernizing mining methods, improving revenue, increasing efficiencies, and delineating a mineral resource that will support expanded production in the intermediate and long-term time frames.

Apogee's Pulacayo-Paca project is a Joint Venture with Apex Silver Mines Ltd. on the second-largest silver mine in the history of Bolivia with over 600 million ounces of past production. The Buena Vista Project is a high-grade gold-silver project with historic production dating back over 200 years.

Regulatory Footnotes:

Mr. Douglas A. Currie, MAusIMM, Apogee's Vice President-Exploration, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and is responsible for reviewing the technical disclosure in this press release.

All analytical work has been completed by ALS Chemex of North Vancouver, BC, Canada; ALS Chemex is a respected international analytical service which is accredited with NATA and complies with standards of ISO 9001:2000 and ISO 17025:1999. They employ a variety of international standards for quality control purposes.

Samples are transported from field projects to the ALS Chemex sample preparation facility in Oruru, Bolivia, by Company personnel or a reputable commercial carrier. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (i) ALS Analytical Code ME-MS41 - 50 element analysis using aquaregia digest and ICPAES analysis, (ii) ALS Analytical Code AA46 & AA62 - specific element analysis using aquaregia digest and AAS determination (Ag, Zn, Pb, Cu, As) and, (iii) Analytical Code Au-AA26 - Gold using a 50g Fire Assay-AAS finish.

All diamond drill core is geologically logged and sampled by Company geologists then is cut in half using a diamond saw and sampled in one(1) meter sample intervals; the archive portion of the sample is securely stored at each project site. The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward-looking statements"



TABLE 3
PULACAYO DRILL RESULTS

-------------------------------------------------------------
Hole No Coordinates Depth Azimuth Dip
-------------------
E N (m) (degress) (degrees)
-------------------------------------------------------------
PUD-033 739,650 7,744,520 250.00 0 -40
-------------------------------------------------------------

-------------------------------------------------------------
PUD-034 740,100 7,744,460 270.00 0 -40
-------------------------------------------------------------

-------------------------------------------------------------

-------------------------------------------------------------
Incl.
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Incl.
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Incl.
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Incl.
-------------------------------------------------------------

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Incl
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Incl
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Incl
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Incl
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PUD-035 740,500 7,744,470 230.00 0 -40
-------------------------------------------------------------
Incl.
-------------------------------------------------------------

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Incl.
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Incl.
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Incl.
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Incl.
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Incl.
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-------------------------------------------------------------
PUD-036 740,200 7,744,500 232.00 0 -50
-------------------------------------------------------------
Incl.
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Incl.
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Incl.
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Incl.
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Incl.
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PUD-037 740,400 7,744,490 180.00 0 -40
-------------------------------------------------------------

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Incl.
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Incl.
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Incl.
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-------------------------------------------------------------
PUD-038 740,352 7,744,539 170.00 0 -50
-------------------------------------------------------------

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Incl.
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Incl.
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Incl.
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Incl.
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Incl.
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Incl.
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Incl.
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Incl.
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PUD-039 740,000 7,744,470 270.00 0 -40
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Incl.
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PUD-040 739,850 7,744,500 260.00 0 -35
-------------------------------------------------------------

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Incl.
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Incl.
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PUD-041 739,900 7,744,530 220.00 0 -50
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Incl.
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Incl.
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Incl.
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Incl
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Incl
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Incl
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Incl
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PUD-042 740,050 7,744,510 230.00 0 -50
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Incl.
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TABLE 3
PULACAYO DRILL RESULTS

----------------------------------------------------
Hole No From To Width Ag Pb Zn
(m) (m) (m) (g/t) (%) (%)
----------------------------------------------------
PUD-033 No Significant Results
----------------------------------------------------

----------------------------------------------------
PUD-034 58.00 59.00 1.00 11.00 1.40 2.56
----------------------------------------------------

----------------------------------------------------
74.00 79.00 5.00 35.60 1.01 2.60
----------------------------------------------------
Incl. 75.00 79.00 4.00 44.00 1.24 3.11
----------------------------------------------------
Incl. 76.00 77.00 1.00 159.00 4.29 8.10
----------------------------------------------------

----------------------------------------------------
163.00 165.00 2.00 27.00 1.00 2.53
----------------------------------------------------

----------------------------------------------------
200.00 210.00 10.00 9.20 0.45 1.57
----------------------------------------------------
Incl. 200.00 208.00 8.00 10.38 0.50 1.76
----------------------------------------------------
Incl. 206.00 208.00 2.00 24.50 1.05 2.87
----------------------------------------------------

----------------------------------------------------
223.00 241.00 18.00 45.22 1.33 2.13
----------------------------------------------------
Incl 228.00 231.00 3.00 204.00 6.22 6.12
----------------------------------------------------
Incl 237.00 239.00 2.00 57.50 1.33 4.46
----------------------------------------------------
Incl 237.00 238.00 1.00 63.00 1.50 8.44
----------------------------------------------------
Incl 240.00 241.00 1.00 19.00 0.62 3.23
----------------------------------------------------


----------------------------------------------------
PUD-035 24.00 29.00 5.00 73.00 0.17 0.004
----------------------------------------------------
Incl. 24.00 26.00 2.00 149.50 0.24 0.01
----------------------------------------------------

----------------------------------------------------
121.00 140.00 19.00 35.95 0.78 1.16
----------------------------------------------------
Incl. 127.00 138.00 11.00 55.64 1.15 1.60
----------------------------------------------------
Incl. 133.00 136.00 3.00 180.00 3.16 2.86
----------------------------------------------------

----------------------------------------------------
142.00 160.00 18.00 56.83 0.50 1.20
----------------------------------------------------
Incl. 142.00 155.00 13.00 68.00 0.60 1.45
----------------------------------------------------
Incl. 142.00 145.00 3.00 219.00 1.39 2.82
----------------------------------------------------

----------------------------------------------------
174.00 177.00 3.00 16.33 0.29 1.06
----------------------------------------------------

----------------------------------------------------
191.00 197.00 6.00 16.67 0.33 1.08
----------------------------------------------------
Incl. 192.00 194.00 2.00 30.50 0.41 1.97
----------------------------------------------------

----------------------------------------------------
200.00 202.00 2.00 48.50 0.97 1.23
----------------------------------------------------

----------------------------------------------------
206.00 208.00 2.00 10.50 0.25 1.07
----------------------------------------------------


----------------------------------------------------
PUD-036 0.00 15.00 15.00 36.73 0.72 0.02
----------------------------------------------------
Incl. 6.00 11.00 5.00 48.60 1.35 0.04
----------------------------------------------------
Incl. 13.00 15.00 2.00 107.00 0.26 0.01
----------------------------------------------------

----------------------------------------------------
52.00 71.00 19.00 12.53 0.40 0.98
----------------------------------------------------
Incl. 52.00 64.00 12.00 14.08 0.46 1.09
----------------------------------------------------
Incl. 56.00 58.00 2.00 73.00 1.51 2.48
----------------------------------------------------
Incl. 57.00 58.00 1.00 136.00 2.12 3.85
----------------------------------------------------
Incl. 65.00 70.00 5.00 7.00 0.25 1.03
----------------------------------------------------

----------------------------------------------------
85.00 88.00 3.00 2.33 0.18 1.02
----------------------------------------------------

----------------------------------------------------
108.00 111.00 3.00 1.67 0.17 0.68
----------------------------------------------------

----------------------------------------------------
148.00 174.00 26.00 15.96 0.35 1.51
----------------------------------------------------
Incl. 151.00 158.00 7.00 12.00 0.41 1.96
----------------------------------------------------
Incl. 153.00 156.00 3.00 15.33 0.49 3.07
----------------------------------------------------
Incl. 159.00 163.00 4.00 67.75 1.02 3.46
----------------------------------------------------
Incl. 160.00 162.00 2.00 130.50 1.77 6.00
----------------------------------------------------
Incl. 166.00 170.00 4.00 6.25 0.24 1.19
----------------------------------------------------

----------------------------------------------------
177.00 222.00 45.00 54.29 0.80 2.14
----------------------------------------------------
Incl. 177.00 215.00 38.00 63.32 0.91 2.33
----------------------------------------------------
Incl. 189.00 191.00 2.00 242.50 1.60 5.01
----------------------------------------------------
Incl. 193.00 197.00 4.00 215.00 2.15 2.30
----------------------------------------------------
Incl. 193.00 195.00 2.00 382.00 2.88 1.74
----------------------------------------------------
Incl. 204.00 207.00 3.00 114.67 1.21 3.55
----------------------------------------------------
Incl. 209.00 211.00 2.00 111.50 1.36 3.63
----------------------------------------------------

----------------------------------------------------
227.00 229.00 2.00 51.50 0.08 1.47
----------------------------------------------------

----------------------------------------------------
PUD-037 2.00 4.00 2.00 143.00 0.22 0.02
----------------------------------------------------

----------------------------------------------------
28.00 40.00 12.00 8.50 0.17 0.59
----------------------------------------------------

----------------------------------------------------
48.00 50.00 2.00 20.00 0.54 1.24
----------------------------------------------------

----------------------------------------------------
53.00 84.00 31.00 22.90 0.65 0.91
----------------------------------------------------
Incl. 55.00 61.00 6.00 93.50 1.74 1.53
----------------------------------------------------
Incl. 56.00 60.00 4.00 133.75 2.36 1.57
----------------------------------------------------
Incl. 63.00 69.00 6.00 8.67 0.69 0.81
----------------------------------------------------

----------------------------------------------------
131.00 162.00 31.00 44.61 0.68 2.02
----------------------------------------------------
Incl. 135.00 147.00 12.00 41.83 0.43 2.91
----------------------------------------------------
Incl. 135.00 139.00 4.00 37.25 0.47 4.39
----------------------------------------------------
Incl. 138.00 146.00 8.00 54.25 0.43 3.61
----------------------------------------------------
Incl. 142.00 146.00 4.00 44.00 0.26 3.89
----------------------------------------------------
Incl. 149.00 162.00 13.00 62.46 1.14 1.85
----------------------------------------------------
Incl. 153.00 156.00 3.00 179.00 3.57 2.93
----------------------------------------------------

----------------------------------------------------
167.00 174.00 7.00 139.43 0.85 0.62
----------------------------------------------------
Incl. 169.00 174.00 3.00 323.33 1.93 1.20
----------------------------------------------------
Incl. 172.00 173.00 1.00 948.00 5.04 0.99
----------------------------------------------------

----------------------------------------------------
179.00 180.00 1.00 22.00 0.83 1.21
----------------------------------------------------


----------------------------------------------------
PUD-038 0.00 7.00 7.00 80.57 0.34 0.03
----------------------------------------------------

----------------------------------------------------
19.00 44.00 25.00 26.52 0.51 0.78
----------------------------------------------------
Incl. 29.00 31.00 2.00 221.50 1.94 0.41
----------------------------------------------------
Incl. 34.00 35.00 1.00 110.00 1.54 1.73
----------------------------------------------------

----------------------------------------------------
47.00 75.00 28.00 47.46 0.79 0.76
----------------------------------------------------
Incl. 47.00 62.00 15.00 48.13 0.99 1.10
----------------------------------------------------
Incl. 54.00 64.00 10.00 85.30 1.20 0.97
----------------------------------------------------
Incl. 54.00 56.00 2.00 217.00 2.39 1.50
----------------------------------------------------
Incl. 62.00 64.00 2.00 125.00 0.44 0.25
----------------------------------------------------
Incl. 69.00 73.00 4.00 80.00 0.72 0.34
----------------------------------------------------

----------------------------------------------------
77.00 134.00 57.00 41.11 0.49 1.27
----------------------------------------------------
Incl. 85.00 107.00 22.00 60.27 0.77 1.03
----------------------------------------------------
Incl. 94.00 95.00 1.00 106.00 0.39 1.10
----------------------------------------------------
Incl. 103.00 106.00 3.00 334.00 2.59 2.40
----------------------------------------------------
Incl. 112.00 131.00 19.00 37.84 0.36 2.25
----------------------------------------------------
Incl. 115.00 119.00 4.00 115.25 0.82 1.29
----------------------------------------------------
Incl. 117.00 119.00 2.00 208.00 0.94 2.09
----------------------------------------------------
Incl. 124.00 131.00 7.00 22.71 0.25 3.41
----------------------------------------------------
Incl. 125.00 126.00 1.00 64.00 0.20 10.00
----------------------------------------------------

----------------------------------------------------
136.00 149.00 13.00 18.15 0.43 1.29
----------------------------------------------------
Incl. 142.00 147.00 5.00 40.60 0.83 2.18
----------------------------------------------------
Incl. 145.00 146.00 1.00 130.00 1.85 3.10
----------------------------------------------------


----------------------------------------------------
PUD-039 119.00 124.00 5.00 15.40 0.52 3.55
----------------------------------------------------
Incl. 120.00 121.00 1.00 61.00 1.94 12.00
----------------------------------------------------

----------------------------------------------------
137.00 138.00 1.00 12.00 0.34 2.16
----------------------------------------------------

----------------------------------------------------
149.00 161.00 12.00 12.33 0.30 0.99
----------------------------------------------------
Incl. 156.00 158.00 2.00 62.50 1.27 3.37
----------------------------------------------------
Incl. 156.00 157.00 1.00 122.00 2.42 5.65
----------------------------------------------------

----------------------------------------------------
172.00 176.00 4.00 8.00 0.39 1.73
----------------------------------------------------
Incl. 172.00 174.00 2.00 15.50 0.73 3.12
----------------------------------------------------

----------------------------------------------------
193.00 215.00 22.00 19.32 0.42 1.52
----------------------------------------------------
Incl 193.00 197.00 4.00 24.00 0.40 1.90
----------------------------------------------------
Incl 195.00 196.00 1.00 62.00 0.86 4.72
----------------------------------------------------
Incl 203.00 215.00 12.00 26.58 0.60 1.96
----------------------------------------------------
Incl 213.00 215.00 2.00 54.50 1.12 3.08
----------------------------------------------------
Incl 214.00 215.00 1.00 45.00 0.91 4.59
----------------------------------------------------

----------------------------------------------------
255.00 258.00 3.00 28.33 0.72 1.98
----------------------------------------------------
Incl. 257.00 258.00 1.00 80.00 1.68 4.21
----------------------------------------------------


----------------------------------------------------
PUD-040 38.00 39.00 1.00 5.00 0.59 1.08
----------------------------------------------------

----------------------------------------------------
54.00 69.00 15.00 0.67 0.001 1.00
----------------------------------------------------
Incl. 59.00 68.00 9.00 0.56 0.001 1.17
----------------------------------------------------

----------------------------------------------------
224.00 231.00 7.00 2.43 0.190 0.70
----------------------------------------------------

----------------------------------------------------
237.00 241.00 4.00 7.25 1.100 3.49
----------------------------------------------------
Incl. 239.00 241.00 2.00 12.00 1.930 5.86
----------------------------------------------------


----------------------------------------------------
PUD-041 31.00 36.00 5.00 17.60 1.05 0.03
----------------------------------------------------
Incl. 33.00 35.00 2.00 37.50 1.66 0.05
----------------------------------------------------

----------------------------------------------------
60.00 66.00 6.00 4.17 0.30 1.72
----------------------------------------------------
Incl. 60.00 64.00 4.00 5.00 0.38 2.12
----------------------------------------------------

----------------------------------------------------
73.00 83.00 10.00 3.20 0.16 1.52
----------------------------------------------------
Incl. 79.00 83.00 4.00 5.00 0.21 2.18
----------------------------------------------------
Incl. 81.00 82.00 1.00 10.00 0.31 4.44
----------------------------------------------------

----------------------------------------------------
86.00 91.00 5.00 6.60 0.24 1.50
----------------------------------------------------
Incl. 87.00 90.00 3.00 10.33 0.33 2.09
----------------------------------------------------
Incl. 89.00 90.00 1.00 28.00 0.72 4.35
----------------------------------------------------

----------------------------------------------------
94.00 114.00 20.00 15.10 0.76 2.43
----------------------------------------------------
Incl. 95.00 101.00 6.00 10.00 0.33 2.85
----------------------------------------------------
Incl. 100.00 101.00 1.00 36.00 0.74 7.36
----------------------------------------------------
Incl. 102.00 103.00 1.00 17.00 1.14 3.10
----------------------------------------------------
Incl. 105.00 109.00 4.00 50.75 2.69 5.81
----------------------------------------------------
Incl. 106.00 109.00 3.00 66.33 3.51 7.34
----------------------------------------------------
Incl. 107.00 108.00 1.00 172.00 8.90 14.30
----------------------------------------------------

----------------------------------------------------
146.00 153.00 7.00 131.29 2.63 3.35
----------------------------------------------------
Incl. 146.00 149.00 3.00 299.33 5.81 6.23
----------------------------------------------------
Incl. 146.00 148.00 2.00 439.50 8.46 8.13
----------------------------------------------------
Incl. 147.00 148.00 1.00 769.00 14.90 7.55
----------------------------------------------------
Incl. 151.00 153.00 2.00 8.50 0.36 1.79
----------------------------------------------------

----------------------------------------------------
157.00 158.00 1.00 4.00 0.21 2.07
----------------------------------------------------

----------------------------------------------------
186.00 204.00 18.00 28.17 0.44 1.50
----------------------------------------------------
Incl 191.00 194.00 3.00 18.33 0.62 2.60
----------------------------------------------------
Incl 195.00 204.00 9.00 48.00 0.58 1.66
----------------------------------------------------
Incl 195.00 198.00 3.00 92.67 0.59 2.37
----------------------------------------------------
Incl 197.00 198.00 1.00 251.00 0.77 3.15
----------------------------------------------------
Incl 202.00 203.00 1.00 110.00 2.11 2.45
----------------------------------------------------


----------------------------------------------------
PUD-042 38.00 61.00 23.00 39.30 1.44 2.03
----------------------------------------------------
Incl. 39.00 41.00 2.00 25.50 2.24 3.28
----------------------------------------------------
Incl. 40.00 41.00 1.00 48.00 3.87 4.97
----------------------------------------------------
Incl. 45.00 51.00 6.00 38.17 0.88 3.11
----------------------------------------------------
Incl. 47.00 49.00 2.00 106.00 2.18 7.26
----------------------------------------------------
Incl. 47.00 48.00 1.00 202.00 3.94 11.15
----------------------------------------------------
Incl. 56.00 61.00 5.00 122.80 4.45 3.42
----------------------------------------------------
Incl. 58.00 61.00 3.00 199.33 7.28 4.87
----------------------------------------------------
Incl. 59.00 61.00 2.00 228.50 8.55 5.95
----------------------------------------------------
Incl. 59.00 60.00 1.00 263.00 7.39 8.33
----------------------------------------------------

----------------------------------------------------
75.00 78.00 3.00 11.33 1.34 1.75
----------------------------------------------------
Incl 77.00 78.00 1.00 25.00 2.97 4.23
----------------------------------------------------

----------------------------------------------------
114.00 119.00 5.00 25.60 0.47 1.46
----------------------------------------------------
Incl. 115.00 118.00 3.00 40.33 0.75 2.04
----------------------------------------------------
Incl. 116.00 117.00 1.00 68.00 1.64 3.21
----------------------------------------------------

----------------------------------------------------
165.00 200.00 35.00 58.83 1.17 1.83
----------------------------------------------------
Incl. 169.00 172.00 3.00 68.67 1.10 4.11
----------------------------------------------------
Incl. 170.00 171.00 1.00 144.00 2.00 6.93
----------------------------------------------------
Incl. 174.00 181.00 7.00 59.14 1.40 2.61
----------------------------------------------------
Incl. 175.00 178.00 3.00 130.67 3.01 5.03
----------------------------------------------------
Incl. 175.00 176.00 1.00 329.00 7.05 10.65
----------------------------------------------------
Incl. 183.00 193.00 10.00 137.30 2.53 2.30
----------------------------------------------------
Incl. 184.00 192.00 8.00 168.00 3.05 2.35
----------------------------------------------------
Incl. 186.00 190.00 4.00 305.00 5.36 2.55
----------------------------------------------------
Incl. 186.00 187.00 1.00 773.00 13.50 3.80
----------------------------------------------------

----------------------------------------------------
221.00 230.00 9.00 24.67 0.65 2.82
----------------------------------------------------
Incl. 224.00 230.00 6.00 31.33 0.79 3.46
----------------------------------------------------
Incl. 226.00 227.00 1.00 31.00 0.64 6.76
----------------------------------------------------
Incl. 228.00 230.00 2.00 53.50 1.45 3.73
----------------------------------------------------
Note: Tabulated Significant Drill Results are
selected on the following criteria:
(1) Pb + Zn greater than 1.00% combined
- minimum 2.0m
- maximum 2.0m "internal waste"
less than 1.00% combined Pb+Zn
(2) Ag greater than 42.2g/t
- minimum 2.0m width, except where
1.0m greater than 100g/t
----------------------------------------------------


To view the map of the Proyecto Pulacayo Mapa Geologico, please visit the link below:

http://www.ccnmatthews.com/docs/mapageo.pdf

To view the map of the Pulacayo Project Upper Tajo Vein System March 2007, please visit the link below:

http://www.ccnmatthews.com/docs/pulacayo.pdf

Contact Information

  • Apogee Minerals Ltd.
    John Carlesso
    President & C.E.O.
    (416) 861-5881