Apella Resources Inc. (CVE:APA) reports a successful completion of its first 16 diamond drill holes (2,443 metres) of its Phase 4 exploration/development program on its Iron-T Vanadium-Iron-Titanium Project, Quebec.
Apella Resources Inc. (TSXV:APA) reports a successful completion of its first 16 diamond drill holes (2,443 metres) of its Phase 4 exploration/development program on its Iron-T vanadium-iron-titanium project, Quebec.
The press release is quoted as saying:
Twelve of the first sixteen holes completed to date, totalling 1803 meters, are considered development drill holes. They have been located on four transversal sections across the main mineralized zone already outlined by previous drilling. These new infill holes, drilled at 50m intervals now connect several peripheral zones of mineralization, to Apella’s main Genesis deposit on the Iron-T. The peripheral zones of mineralization were not included in SGS’s August, 2010 NI-43-101 resource estimate. It is anticipated, that with this infill drilling Apella will meet its objective of joining these additional zones to its main Genesis orebody and simultaneously increasing the tonnage significantly. Apella’s 2010 drill holes into these peripheral zones returned significant grades and intersects of mineralization.