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Apollo Gold Corporation - 06/18/09

|Includes: Apollo Gold Corp. (AGT-OLD)

O/S  234M
Countries Active  Mexico, USA, Canada
Avg. Volume   800,000
Main Sector  Gold Mining


Apollo Gold Corporation (TSX: APG) (NYSE Amex: AGT) recently poured their first gold and announced they intersected some very interesting gold mineralization at their Grey Fox property, which is in close proximity to the company's Black Fox Mine that is now in commercial production.

Back to Grey Fox where they found relatively high-grade ore, with drill holes averaging about 4 grams per tonne.

Another advantage is that Grey Fox is situated only 2 miles from their current production domain,Black Fox, so transportation is no problem and the mill is already present.

It must be said, Apollo Gold has a very sensible management. With the cash flows of Black Fox, Apollo is now able to further explore Grey Fox and might start mining in a few years. Another deposit of 1.3 M oz+ as Black Fox is certainly possible!


Kind Regards,

The Caesars Report Team.


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Disclosure: Long AGT