The Conversation (0)
Apollo Silver Corp. ("Apollo Silver" or the "Company") (TSX-V: APGO | OTCQB: APGOF | Frankfurt: 6ZF) today reaffirmed its support for Ejido Benito Juárez (the "Ejido") in addressing the water challenges that affect agriculture, livestock and livelihoods on its lands in Chihuahua, Mexico. The Company has expressed its commitment to working with the Ejido over the long term on practical solutions to those challenges, beginning with independent technical work on the aquifer, the springs and the existing wells.
"Water is the first question at Ejido Benito Juárez, and it should be," said Tom Peregoodoff, Executive Chair of Apollo Silver. "The wells and springs of Ejido Benito Juárez have sustained families and their farmland for generations. We have agreed to present the Ejido with a plan outlining our long-term commitment to advancing solutions to their water challenges, including direct support for their agriculture and their livestock."
The scope, the priorities and the sequencing of the water program will be defined jointly with the Ejido and in accordance with applicable authorizations. The assembly resolution reinstating mineral exploration at Cinco de Mayo is in process; pending that resolution taking effect, Apollo Silver will continue to meet with the community and its representatives ahead of any significant field activity.
Apollo Silver also notes the position of President Claudia Sheinbaum's administration that mining remains an important contributor to the Mexican economy and that water is to be treated as a right of the communities that depend on it, reflected in the reforms to Mexican water law. The Company believes both propositions can be true at the same time, and intends that community water be part of the resolution wherever it operates.
About Apollo Silver Corp.
Apollo Silver Corp. is a mineral exploration and development company advancing the Calico Silver Project in San Bernardino County, California, and holds an earn-in interest in the Cinco de Mayo Project in Chihuahua, Mexico. The Company is listed on the TSX Venture Exchange under the symbol APGO, on the OTCQB under the symbol APGOF and on the Frankfurt Stock Exchange under the symbol 6ZF.
Please visit www.apollosilver.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Thomas Peregoodoff
Executive Chair
For further information, please contact:
Email: info@apollosilver.com
Telephone: +1 (604) 428-6128
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the Company's intention to work with the Ejido over the long term on practical solutions to water challenges affecting agriculture, livestock and livelihoods; the timing, scope and results of independent technical work on the aquifer, springs and existing wells; the Company's intention to present the Ejido with a plan outlining its long-term commitment to water solutions and direct support for agriculture and livestock; the anticipated joint definition of the scope, priorities and sequencing of the water program; the timing and outcome of the assembly resolution reinstating mineral exploration at Cinco de Mayo; the Company's plans to continue meeting with the community and its representatives ahead of any significant field activity; the anticipated interaction between Mexican federal water and mining policy and the Company's operations; and the Company's future plans, strategies, and objectives. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated, including but not limited to: the outcome and timing of the assembly resolution reinstating mineral exploration at Cinco de Mayo; the ability to reach mutually acceptable arrangements with the Ejido regarding water solutions, or at all; changes in Mexican federal or state water and mining laws or policy; community and stakeholder relations; risks inherent in mineral exploration; uncertainty of mineral resource estimates; fluctuations in commodity prices; regulatory and permitting risks; title risks; and general economic and market conditions. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and operational performance and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
