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Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announced that they have received from SGS-Geostat, by way of Memorandum, the preliminary results of the first Mineral Resource Estimation for its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announced that they have received from SGS-Geostat, by way of Memorandum, the preliminary results of the first Mineral Resource Estimation for its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
The press release is quoted as saying:
This initial SGS-Geostat resource calculation does not include any results from the 15 drill holes recently drilled in May 2010 or the two 2009-2010 extended drill holes, for a total length of 2,222 m (7,290 feet). Apella has only received and released partial assay results with respect to these 15 holes. To date assay results have only been released on four of these holes with results pending on 11 more holes. The results from these recent 15 holes will be used in future follow-up resource calculations.
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