SOURCE: Apolo Gold Inc.

December 13, 2005 15:29 ET

Apolo Receives New Assays on NUP

VANCOUVER, BC -- (MARKET WIRE) -- December 13, 2005 -- Apolo Gold & Energy Inc. (OTC BB: APLL) advises that it has received a series of assay results from samples taken underground on its NUP property on the island of Sumatra in Indonesia.

An adit has been driven that runs from west to east for 270 feet and was designed to cross-cut the north - south striking mineralized zone. When the cross-cut intercepted #1 vein, a drift was mined for 160 feet south along the vein. Channel samples were taken from selected sites along the drift to test the vein and grab samples were taken from muck piles.

Sample Units              Gold                Silver
Muck Samples               g/t                  g/t
A202                       9.20                 204
A203                       5.12                  81
A209                      26.10                2340
                          -----                ----

Average                   13.47                 875
                          -----                ----

Channel Samples
A201                       7.53                 212
A204                       1.82                  30
A205                       3.48                  59
A206                       2.23                  83
A207                       6.71                 144
A208                       2.89                  64
                           ----                 ---

Average                    4.11                  99
                           ----                 ---
The average width of the mineralized zone ranges from 4 feet to 6.5 feet. The mineralized shear zone is well brecciated in some locations and has the appearance of a stock-work texture.

Within the NUP property boundary the mineralized zone appears to extend at least an additional 500 feet south along the same structure. Another company had previously drilled and achieved similar values in this area.

In the next week, the Company intends to continue the cross-cut to the #2 vein, heading east to intercept shaft #4 where previous drilling on drill hole #3 intercepted two meters of 64.6 grams gold and 1,350 grams silver per tonne and where hole #8 intercepted 8.16 grams gold and 221.5 grams silver per tonne. Both of these intercepts were 150 feet below the surface.

The Company intends to conduct a further drilling program once the rainy season subsides in March or early April 2006. It is the intention of the Company to drill about 300 feet below the adit in order to determine the depth of the mineralized zone.

The underground work, including 430 feet of drifting to date, has been carried out by an experienced local work crew of 12 men working 3 shifts per day using both power and hand tools. Assaying of samples was carried out by Intertek of Jakarta Indonesia, an internationally recognized assaying company.


In January 2006 the Company will accelerate its planning on the Beowawe project within the Northern Nevada Rift in Nevada. Underlying Agreement payments of $60,000 will be paid on or before January 31, 2006 and planning for a drill program will commence. Drilling is expected to take 2 months and is planned for the summer of 2006. The Company intends to spend $2,200,000 over the next four years on its Beowawe project to earn a 55% interest in the property. Should the Company complete a bankable feasibility study, after completion of the work program, its interest in the Beowawe project will increase to 70%.

Nevada is currently the third largest producer of gold in the world, with 11% of the annual supply of gold. The Carlin Trend has quickly emerged as the second-biggest depository of gold in the world, with the latest tally at 180 million ounces of past production plus current resources in 42 deposits. Recent drill results announced November 28, 2005 by the Company's Beowawe partner, Atna Resources Ltd, on its nearby Pinson project included an impressive 0 .97 oz gold/ton over 147.5 feet.

Safe Harbor Statement

All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-K for 2005 as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • For further information, please contact:
    Brant W. Little
    B.B.A. Advisor to the Board
    Email Contact
    Tel 604-687-4150
    Fax 604-687-4155
    1209-409 Granville St. Vancouver, B.C. V6C 1T2