Apella Resources Inc.: Drilling Extends Depth of Vanadium-Iron-Titanium Mineralization at Iron-T by 143 Metres

Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) announced that highly significant disseminated, semi massive and massive vanadiferous mineralization has been intersected in two more drill holes during the third round of drilling on its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.

The press release is quoted as saying:

Positive assay results from the two additional drill holes have been received and highlights include 99.89 metres (327.7 feet) of 0.41% Vanadium Pentoxide (V2O5), 47.28% Iron Oxide (Fe2O3) and 7.79% Titanium Dioxide (TiO2). One hole previously drilled during the Company’s first drilling program was extended to 306 metres (1003 feet) in order to determine the depth of mineralization. As anticipated, this extension intersected two additional thick layers of mineralization at depth. The second hole confirmed the presence of significant vanadiferous mineralization 50 metres north of previously known mineralization. These 2 successful drill holes will contribute to significantly increase the size of the mineral resource.

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