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     Apollo Gold is involved in the acquisition, exploration and development of gold deposits; ranging from initial metals exploration to gold producing operations. The Company is currently engaged consecutively in all 3 phases of gold mining.
   Gold production: [ Montana Tunnels Mine - U.S.A. ]
   Gold mine development: [ Black Fox Project- CANADA ]
   Gold exploration: [ Huizopa Project - MEXICO ]

Order 2007 Annual Report
Apollo Gold - Annual Report 2007 ( 3MB PDF )
Our current objectives are to commence mine construction at our Black Fox Project, drilling and road construction at our Huizopa Project, and to continue profitable production at the Montana Tunnels Mine. In addition, we continue to evaluate potential acquisition and exploration prospects.
Montana Tunnels Information
Our producing mine is the Montana Tunnels mine located five miles west of Jefferson City, Montana. It is a 50/50 joint venture with Elkhorn Tunnels LLC and Apollo is the operator. The mine is an open pit poly metallic operation. Production includes gold and silver dore, lead-gold and zinc-gold concentrate. The mill is expected to operate at an average rate of 14,000 tons per day.
Black Fox Information
The Black Fox Project is in the advanced development phase and is located 40 miles east of Timmins in Ontario, Canada within the Destor-Porcupine gold district. Apollo Gold recently announced the results of an updated mineral reserve estimate of 1,330,000 ounces of gold reserves at Black Fox. The new mineral reserve estimate was prepared by SRK Consulting (“SRK”), Denver, Colorado. SRK has confirmed that the reserve study complies in all respects with Canadian National Instrument 43-101 (“NI 43-101”) guidelines.
Huizopa Information
 The Huizopa Project is located in the Sierra Madres in Chihuahua, Mexico - a silver-gold district which is recognized as one prolific gold mining regions in the world.

The Huizopa project is located between Alamos Gold's Mulatos gold silver project and the Minefinder's Dolores project. We have a land position of 170 Sq. Km. A preliminary drilling program was commenced in February 2008.

 | Investors | News | Financials | Operations | Assets Development | Home                                                                                              Web site updated - 05.07.08
Apollo Contact Information:
Apollo Gold Corporation
5655 S. Yosemite Street, Suite 200
Greenwood Village, CO, 80111- 3220
Phone: 1 (720) 886 - 9656 Ext. 217 | IR Direct Line: 1 (303) 524-3217 | Phone Toll Free: 1 (877) 465 - 3484                                   Apollo E-mail News | Contact Us