Apogee Intersects 3.0 Meters Grading 659.00 g/t Silver

- May 17th, 2011

Apogee Silver Ltd. (CVE:APE) reports assay results from eight additional diamond drill holes from the ongoing drill campaign at the Pulacayo deposit, Bolivia.

Apogee Silver Ltd. (TSXV:APE) reports assay results from eight additional diamond drill holes from the ongoing drill campaign at the Pulacayo deposit, Bolivia.

The press release is quoted as saying:

The holes intersected mineralization outside of the currently estimated mineral resource and were drilled to continue delineation of the deposit along strike east of the previously released National Instrument 43-101 (“NI 43-101″) resource. Since 2010, Diamond drilling has successfully extended the deposit approximately 750 meters east of the current NI 43-101 resources. (See Press Releases dated January 15th 2010, March 15th 2010, April 19th 2010, July 13th 2010, August 9th 2010, September 20th 2010, January 18th 2011, February 24th 2011, April 5th 2011 and the NI 43-101 technical report dated December 2008 and filed under the SEDAR profile of the Company at www.sedar.com). The Company has now completed a total of 49 drill holes in the area east of the previously released NI 43-101 compliant resource (See Figure 2 and 3 below).

Apogee’s President and CEO, Chris Collins, P. Geo., says:

“We are very excited by the latest drill results at Pulacayo which management believes indicates outstanding silver grades over excellent widths. We have encountered significant gold mineralization in DDH PUD182, one of the deepest intersections at the Pulacayo deposit since Apogee initiated drilling and the most significant occurrence of gold mineralization observed to date. Going forward we will systematically evaluate the extent of this newly identified gold-rich area of the deposit. Four drills are currently working on the deposit and fifth underground diamond drill rig has been contracted and will be mobilized to the property in early June.”

Click here to access the entire news release.

Click here to access Apogee’s company profile.

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