Apogee is currently advancing the Pulacayo-Paca project to feasibility in
Bolivia. The Pulacayo-Paca project is in a Joint Venture with Golden
Minerals (TSE: AUM). Pulacayo was the second largest silver mine in the
history of Bolivia with over 600 million ounces of past production of
silver.
In October 2008, Apogee announced total resources on the property calculated
using CIM standards and supported by NI 43101 compliant technical reports of
58.8 million ounces of silver, 994 million pounds of zinc and 501 million
pounds of lead (click here to resource page).
The project is located 20 km by gravel road from the city of Uyuni which is
connected by highway and railway to the sea port of Antofagasta, Chile. The
site contains all necessary services: power, water and an experienced labour
force from the surrounding village of Pulacayo.
Also on October 2009, Apogee Minerals Ltd. has reached agreement with
Valencia Ventures Ltd. to purchase up to 100% of Valencia's interest in the
Cachinal Silver property located in northern Chile.
The Cachinal property is located in Region II, Chile and is an advanced
silver property, with a National Instrument 43-101 resource estimate dated
March 4, 2008 on the Cachinal Property, comprising 18.41 million ounces of
silver in the indicated resource category and an additional 3.02 million
ounces of silver in the inferred resource category (click here to resource
page).
Apogee is listed on the TSX Venture Exchange under the symbol "APE".