News
Private Placement and Board Appointment
Vancouver, BC - Tuesday, March 9th 2010, 12:15 p.m. PDT
Apella Resources Inc. (TSXV - "NVE"; Frankfurt - "NWN"), announces that the Company has closed its private placement announced January 26th, 2010. The company accepted proceeds totaling $1,191,700 Cdn, for which it issued 5,958,500 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. Of the 5,958,500 shares being issued in the private placement 4,308,500 are non flow-through and 1,650,000 are flow-through. Finders' fees amounting to 110,000 units and $21,756 cash were also paid on this financing. All shares issued with regard to this private placement are subject to a 4 month hold period expiring on May 29th, 2010.
In addition, the Company wishes to announce the appointment of Christopher B. Chu to the Board of Directors. Christopher Chu has been a member of the law society of British Columbia since September 1984 and had previously served as a director of Apella Resources Inc. from February 1996 to April 2002. Mr. Chu is also the Corporate Secretary of Apella Resources Inc.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
Novawest invites the public to visit its website at http://www.apellaresources.com or e-mail the company at novawest@novawest.com to be added to the company's e-mail list for press releases and updates.
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
Diamond Drilling Complete Iron-T Iron-Vanadium-Titanium Project
Vancouver, BC - Monday March 1st 2010, 1:00 p.m. PDT
Apella Resources Inc. (TSX.V Symbol - "APA"); (Frankfurt Symbol - "NWN"), and its Board of Directors are pleased to announce that Apella has now successfully completed its 2nd Phase of drilling program on the Iron-T Vanadium-Iron-Titanium Project. At the request of Apella's geological field crew, management agreed to include additional meterage of drilling that was undertaken. The Company is planning a follow up near-term news release in order to provide details on the drill holes.
The drill core is cut and logged and samples have been sent off to ALS Chemex in Canada for processing and testing for Vanadium, Iron and Titanium.
In addition to the diamond drilling that was undertaken the Apella is also carrying out further line-cutting and ground geophysics to confirm specific drill targets for the next round (Phase 3) of drilling.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella's Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella's largest Canadian Iron-Vanadium-Titanium project and will be the main focus of most of Apella's diamond drilling and exploration endeavours over the coming months.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
DRILLING HAS COMMENCED IRON-T VANADIUM-IRON-TITANIUM PROJECT
Apella Resources Inc. (TSX.V Symbol – “APA”); (Frankfurt Symbol – “NWN”), and its Board of Directors are pleased to report that a further 1000 metres of diamond drilling on the Iron-t project has now commenced. This program is a follow-up due to the positive findings from the previous round of drilling, results of which were released December 15th, 2009. As in Phase 1, Apella is prepared to increase the meterage of drilling significantly in Phase 2 should the results in this second phase reflect the positive results of Phase 1.
Patrick D. O’Brien, ICD.D, Chairman states that; “We look forward to continued success on the Iron-T. Due to the extensive strike of the anomalous signature outlined from geophysical surveys the Iron-T’s potential to host a very extensive mineralized horizon is present. Apella’s recent mineralized drill intersects at Iron-T were suggestive of a significantly enriched Vanadium-Iron-Titanium system. We look forward to this next set of results from the Iron-T with great anticipation.”
In addition to the diamond drilling, further line cutting and ground geophysics are being carried out to open up areas for additional drilling along the 10.2 km strike of the Iron-T project.
The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world’s most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities. Apella anticipates that at the Iron-T near Matagami the potential is excellent to substantially exceed the known mineralization of the Lac Dore deposit at Chibougamau of which Apella also controls a considerable interest.
In other news, Apella has applied for and been accepted as an associate member of the vanadium specific organization - The Vanadium International Technical Committee (VANITECH), headquartered in Kent, UK. As outlined on its website “VANITEC is a technical and scientific committee which brings together representatives of companies involved in the mining, processing and manufacture of vanadium-containing products for use mainly in the metals and materials manufacturing and chemical industries, world-wide. The object of VANITEC is to promote the use of vanadium bearing materials and thereby to increase the consumption of vanadium. To this end it organizes research on the properties of vanadium bearing materials and issues publications (both original publications, specifically prepared by its members or other organizations and reprints of papers from the technical press). In addition, from time to time it organizes seminars and conferences in various parts of the world.” The 16 current members of VANITEC are listed on VANITEC’s website ( www.vanitec.org ) and include Highveld Steel and Vanadium Corporation Limited, South Africa; Xstrata, South Africa; Stratcor, USA; Panzhihua Iron & Steel Group, China; Vanchem Vanadium Products (Pty) Ltd., South Africa; Chengde Iron & Steel Group Co Ltd, China; Metallurg Vanadium, USA; OAO Vandy-Tula, Russia; Nizhny-Tagil Iron & Steel Company, Russia; Scandinavian Steel AB, Sweden; Core Metals Group, USA; Gulf Chemical & Metallurgical Corporation, USA; Treibacher Industrie AG, Austria; New Zealand Steel Ltd, New Zealand; Bear Metallurgical Company, USA; The Ural Institute of Metals, Russia.
For ease of reference, the highlights of the semi-massive to massive drill intersections from Apella’s first phase of drilling on the Iron-T as released by Apella on December 15th, 2009 in its news release are outlined below for ease of reference:
• MA-09-13 – 49.39 metres (162.04 feet) 42.93% Fe2O3, 7.54% TiO2, and 0.39% V2O5 ; including 5.00 metres (16.40 feet) 62.74% Fe2O3, 12.85% TiO2, and 0.52% V2O5, and 6.19 metres (20.31 feet) 54.81% Fe2O3, 10.69% TiO2, and 0.51% V2O5
• MA-09-12 – 46.00 metres (150.92 feet) 34.35% Fe2O3, 4.31% TiO2, and 0.25% V2O5 ; including 30.75 metres (100.89 feet) 39.13% Fe2O3, 4.86% TiO2, and 0.26% V2O5, which includes 6.50 metres (21.33 feet) 49.16% Fe2O3, 6.63% TiO2, and 0.40% V2O5
• MA-09-11 – 34.08 metres (111.81 feet) 35.33% Fe2O3, 5.69% TiO2, and 0.38% V2O5 ; including 28.10 metres (92.19 feet) 36.81% Fe2O3, 6.13% TiO2, and 0.41% V2O5
• MA-09-11 – 36.48 metres (119.69 feet) 32.99% Fe2O3, 4.96% TiO2, and 0.33% V2O5 ; including 14.82 metres (48.62 feet) 39.94% Fe2O3, 6.15% TiO2, and 0.41% V2O5, and 7.6 metres (24.93 feet) 41.52% Fe2O3, 6.61% TiO2, and 0.41% V2O5
• MA-09-10 – 59.74 metres (196.00 feet) 40.41% Fe2O3, 6.51% TiO2, and 0.41% V2O5; including 15.89 metres (52.13 feet) 59.33% Fe2O3, 10.68% TiO2, and 0.66% V2O5
• MA-09-10 – 41.00 metres (134.51 feet) 27.67% Fe2O3, 4.13% TiO2, and 0.29% V2O5 ; including 9.50 metres (31.17 feet) 36.45% Fe2O3, 5.61% TiO2, and 0.40% V2O5
• MA-09-09 – 33.67 metres (110.47 feet) 35.55% Fe2O3, 5.48% TiO2, and 0.31% V2O5 ; including 9.13 metres (29.95 feet) 39.32% Fe2O3, 6.91% TiO2, and 0.41% V2O5, and 20.12 metres (66.01 feet) 39.18% Fe2O3, 5.82% TiO2, and 0.31% V2O5
• MA-09-08 – 90.93 metres (298.33 feet) 42.70% Fe2O3, 7.24% TiO2, and 0.38% V2O5; including 32.03 metres (105.09 feet) 40.28% Fe2O3, 6.96% TiO2, and 0.40% V2O5 ; and 52.53 metres (172.34 feet) 47.70% Fe2O3, 8.10% TiO2, and 0.40% and V2O5
• MA-09-07 – 93.66 metres (307.28 feet) 43.87% Fe2O3, 7.90% TiO2, and 0.41% V2O5 ; including 76.61 metres (251.35 feet) 49.72% Fe2O3, 9.13% TiO2,and 0.44% V2O5, which includes 51.66 metres (169.49 feet) 53.25% Fe2O3, 10.26% TiO2, and 0.51% V2O5 and which includes 38.66 metres (126.84 feet) 58.59% Fe2O3, 11.74% TiO2, 0.56% V2O5
• MA-09-07 – 32.47 metres (106.53 feet) 24.50% Fe2O3, 3.74% TiO2, and 0.25% V2O5; including 14.82 metres (48.62 feet) 37.68% Fe2O3, 6.31% TiO2, and 0.41% V2O5
• MA-09-06 – 13.00 metres (42.65 feet) 24.05% Fe2O3, 3.66% TiO2, and 0.24% V2O5
• MA-09-06 – 25.35 metres (83.17 feet) 22.07% Fe2O3, 3.02% TiO2, and 0.21% V2O5
• MA-09-05 – 12.15 metres (39.86 feet) 26.35% Fe2O3, 3.67% TiO2, and 0.25% V2O5 ; including 3.60 metres (11.81 feet) 41.34% Fe2O3, 6.24% TiO2, and 0.45% V2O5
• MA-09-05 – 20.92 metres (68.64 feet) 42.48% Fe2O3, 7.70% TiO2, and 0.44% V2O5 ; including 5.09 metres (16.70 feet) 57.80% Fe2O3, 11.19% TiO2, and 0.63% V2O5 , and 8.28 metres (27.17 feet) 52.26% Fe2O3, 9.83% TiO2, and 0.54% V2O5
• MA-09-05 – 20.10 metres (65.94 feet) 29.13% Fe2O3, 4.38% TiO2, and 0.33% V2O5 ; including 6.30 metres (20.67 feet) 35.83% Fe2O3, 5.82% TiO2, and 0.43% V2O5
• MA-09-04 – 32.84 metres (107.74 feet) 32.53% Fe2O3, 5.01% TiO2, and 0.31% V2O5; including 10.5 metres (34.45 feet) 47.75% Fe2O3, 6.76% TiO2, and 0.44% V2O5 ; and 4.69 metres (15.39 feet) 62.21% Fe2O3, 12.60% TiO2, and 0.74% V2O5
• MA-09-04 – 30.0 metres (98.43 feet) 54.46% Fe2O3, 11.04% TiO2, and 0.59% V2O5; including 26.0 metres (85.30 feet) 59.68% Fe2O3, 12.33% TiO2, and 0.65% V2O5
• MA-09-01 – 35.70 metres (117.3 feet) 26.29% Fe2O3, 3.33% TiO2, and 0.32% V2O5; including 8.07 metres (26.48 feet) 42.87% Fe2O3, 5.57% TiO2, and 0.54% V2O5, and also including 3.28 metres (10.76 feet) 45.50% Fe2O3, 7.58% TiO2, and 0.73% V2O5
Please refer to Apella’s website at www.apellaresources.com to see the more detailed chart outlining all significant intersects and grades for the previous 13 holes of drilling from Phase 1, as prepared by Mr. Roger Moar, P.Geo, Consulting Geologist. The data is detailed for reference purposes and includes some 418 of the individual assays and a full chart of the true width drill intersects, hole by hole. Of the 418 individual assays selected to be displayed on the website there are Fe2o3 assays ranging up to 75.95% Fe2O3, 37% of which grade higher than 50% Fe2O3 and 67% grade above 40% Fe2O3. The TiO2 assays to be included ranged as high as 16.80% TiO2 with 22% of the assays above 10% TiO2 and 85% of the samples grading in excess of 5% TiO2. The V2O5 assays to be displayed range up to 1.34% V2O5, of which 35% assayed 0.50% V2O5 or higher and 87% of these samples assayed at 0.30% V2O5 or above. There will also be a series of photos of the core and the site for viewing.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
PRIVATE PLACEMENT
Apella Resources Inc. (TSXV – “NVE”; Frankfurt – “NWN”), announces that the Company has arranged a $1,691,700 Cdn, non-brokered, Private Placement through the issuance of 8,458,500 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. Of the 8,458,500 shares being issued 6,808,000 are non flow-through and 1,650,000 are flow-through. Finders’ fees may be paid on this transaction, per the policies of the TSX Venture Exchange. All shares issued will be subject to a 4 month hold period per the policies of the TSX Venture Exchange and this private placement is subject to the approval of the TSX Venture Exchange. Proceeds will be allocated to exploration of Apella’s Iron-T Vanadium-Titanium-Iron project on which drilling is about to begin; and the remainder will be allocated to operating capital.
Patrick D. O’Brien, ICD.D, CEO of Apella Resources Inc has subscribed for 2,150,000 units of the private placement for gross proceeds of $430,000, for investment purposes only.
In addition, the Company wishes to announce that Fundamental Research Corp has added Apella Resources to their coverage base and will be initiating coverage on the company in early 2010. Their analysts are currently completing due diligence in the preparation of an initiating report on the company.
Fundamental Research Corp is an equity research firm based in Vancouver, Canada. The firm's research is highly ranked by Investars, and Deutche Asset Management, and has been recognized by the media in publications such the Globe and Mail for excellence in integrity. The firm has also been attributed a 'highly credible' firm in an independent academic study done by Emory University on the benefits of issuer-sponsored research. FRC covers just over 100 small and medium cap companies and employs full time analysts and industry specialists such as a geologist.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
Novawest invites the public to visit its website at http://www.apellaresources.com or e-mail the company at novawest@novawest.com to be added to the company's e-mail list for press releases and updates.
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
DRILLING COMMENCING IRON-T VANADIUM-IRON-TITANIUM PROJECT
Apella Resources Inc. (TSX.V Symbol – “APA”); (Frankfurt Symbol – “NWN”), and its Board of Directors are pleased to report that further drilling on the Iron-t project is set to commence the week of January 25th. The positive findings from the previous round of drilling, results of which were released December 15th, 2009, have now been thoroughly interpreted and this data has provided a basis for continued drilling. This new Phase 2 of drilling will begin with 1,000 metres of diamond drilling, as did the first phase. Apella is prepared to increase the meterage of drilling significantly in Phase 2, as it did in Phase 1, should the results in this second phase reflect the positive results of Phase 1.
Patrick D. O’Brien, ICD.D, Chairman states that; “Since our initial expectations were exceeded in the first phase of drilling, our anticipation and confidence in the Iron-T project continues to heighten. Those earlier mineralized drill intersects were suggestive of a significantly enriched Vanadium-Iron-Titanium system. We look forward to this next phase of diamond drilling at Iron-T with great anticipation.”
In addition to the diamond drilling, further line cutting and ground geophysics will also be carried out to extend the zones for additional phases of drilling along the 10.2 km strike of the Iron-T project.
Highlights of the semi-massive to massive drill intersections from Phase 1 as released in Apella’s December 15th, 2009 news release are outlined below for ease of reference:
* MA-09-13 – 49.39 metres (162.04 feet) 42.93% Fe2O3, 7.54% TiO2, and 0.39% V2O5 ; including 5.00 metres (16.40 feet) 62.74% Fe2O3, 12.85% TiO2, and 0.52% V2O5, and 6.19 metres (20.31 feet) 54.81% Fe2O3, 10.69% TiO2, and 0.51% V2O5
* MA-09-12 – 46.00 metres (150.92 feet) 34.35% Fe2O3, 4.31% TiO2, and 0.25% V2O5 ; including 30.75 metres (100.89 feet) 39.13% Fe2O3, 4.86% TiO2, and 0.26% V2O5, which includes 6.50 metres (21.33 feet) 49.16% Fe2O3, 6.63% TiO2, and 0.40% V2O5
* MA-09-11 – 34.08 metres (111.81 feet) 35.33% Fe2O3, 5.69% TiO2, and 0.38% V2O5 ; including 28.10 metres (92.19 feet) 36.81% Fe2O3, 6.13% TiO2, and 0.41% V2O5
* MA-09-11 – 36.48 metres (119.69 feet) 32.99% Fe2O3, 4.96% TiO2, and 0.33% V2O5 ; including 14.82 metres (48.62 feet) 39.94% Fe2O3, 6.15% TiO2, and 0.41% V2O5, and 7.6 metres (24.93 feet) 41.52% Fe2O3, 6.61% TiO2, and 0.41% V2O5
* MA-09-10 – 59.74 metres (196.00 feet) 40.41% Fe2O3, 6.51% TiO2, and 0.41% V2O5; including 15.89 metres (52.13 feet) 59.33% Fe2O3, 10.68% TiO2, and 0.66% V2O5
* MA-09-10 – 41.00 metres (134.51 feet) 27.67% Fe2O3, 4.13% TiO2, and 0.29% V2O5 ; including 9.50 metres (31.17 feet) 36.45% Fe2O3, 5.61% TiO2, and 0.40% V2O5
* MA-09-09 – 33.67 metres (110.47 feet) 35.55% Fe2O3, 5.48% TiO2, and 0.31% V2O5 ; including 9.13 metres (29.95 feet) 39.32% Fe2O3, 6.91% TiO2, and 0.41% V2O5, and 20.12 metres (66.01 feet) 39.18% Fe2O3, 5.82% TiO2, and 0.31% V2O5
* MA-09-08 – 90.93 metres (298.33 feet) 42.70% Fe2O3, 7.24% TiO2, and 0.38% V2O5; including 32.03 metres (105.09 feet) 40.28% Fe2O3, 6.96% TiO2, and 0.40% V2O5 ; and 52.53 metres (172.34 feet) 47.70% Fe2O3, 8.10% TiO2, and 0.40% and V2O5
* MA-09-07 – 93.66 metres (307.28 feet) 43.87% Fe2O3, 7.90% TiO2, and 0.41% V2O5 ; including 76.61 metres (251.35 feet) 49.72% Fe2O3, 9.13% TiO2,and 0.44% V2O5, which includes 51.66 metres (169.49 feet) 53.25% Fe2O3, 10.26% TiO2, and 0.51% V2O5 and which includes 38.66 metres (126.84 feet) 58.59% Fe2O3, 11.74% TiO2, 0.56% V2O5
* MA-09-07 – 32.47 metres (106.53 feet) 24.50% Fe2O3, 3.74% TiO2, and 0.25% V2O5; including 14.82 metres (48.62 feet) 37.68% Fe2O3, 6.31% TiO2, and 0.41% V2O5
* MA-09-06 – 13.00 metres (42.65 feet) 24.05% Fe2O3, 3.66% TiO2, and 0.24% V2O5
* MA-09-06 – 25.35 metres (83.17 feet) 22.07% Fe2O3, 3.02% TiO2, and 0.21% V2O5
* MA-09-05 – 12.15 metres (39.86 feet) 26.35% Fe2O3, 3.67% TiO2, and 0.25% V2O5 ; including 3.60 metres (11.81 feet) 41.34% Fe2O3, 6.24% TiO2, and 0.45% V2O5
* MA-09-05 – 20.92 metres (68.64 feet) 42.48% Fe2O3, 7.70% TiO2, and 0.44% V2O5 ; including 5.09 metres (16.70 feet) 57.80% Fe2O3, 11.19% TiO2, and 0.63% V2O5 , and 8.28 metres (27.17 feet) 52.26% Fe2O3, 9.83% TiO2, and 0.54% V2O5
* MA-09-05 – 20.10 metres (65.94 feet) 29.13% Fe2O3, 4.38% TiO2, and 0.33% V2O5 ; including 6.30 metres (20.67 feet) 35.83% Fe2O3, 5.82% TiO2, and 0.43% V2O5
* MA-09-04 – 32.84 metres (107.74 feet) 32.53% Fe2O3, 5.01% TiO2, and 0.31% V2O5; including 10.5 metres (34.45 feet) 47.75% Fe2O3, 6.76% TiO2, and 0.44% V2O5 ; and 4.69 metres (15.39 feet) 62.21% Fe2O3, 12.60% TiO2, and 0.74% V2O5
* MA-09-04 – 30.0 metres (98.43 feet) 54.46% Fe2O3, 11.04% TiO2, and 0.59% V2O5; including 26.0 metres (85.30 feet) 59.68% Fe2O3, 12.33% TiO2, and 0.65% V2O5
* MA-09-01 – 35.70 metres (117.3 feet) 26.29% Fe2O3, 3.33% TiO2, and 0.32% V2O5; including 8.07 metres (26.48 feet) 42.87% Fe2O3, 5.57% TiO2, and 0.54% V2O5, and also including 3.28 metres (10.76 feet) 45.50% Fe2O3, 7.58% TiO2, and 0.73% V2O5
Please refer to Apella’s website at www.apellaresources.com to see the more detailed chart outlining all significant intersects and grades for the previous 13 holes of drilling from Phase 1, as prepared by Mr. Roger Moar, P.Geo, Consulting Geologist. The data is detailed for reference purposes and includes some 418 of the individual assays and a full chart of the true width drill intersects, hole by hole. Of the 418 individual assays selected to be displayed on the website there are Fe2o3 assays ranging up to 75.95% Fe2O3, 37% of which grade higher than 50% Fe2O3 and 67% grade above 40% Fe2O3. The TiO2 assays to be included ranged as high as 16.80% TiO2 with 22% of the assays above 10% TiO2 and 85% of the samples grading in excess of 5% TiO2. The V2O5 assays to be displayed range up to 1.34% V2O5, of which 35% assayed 0.50% V2O5 or higher and 87% of these samples assayed at 0.30% V2O5 or above. There will also be a series of photos of the core and the site for viewing.
The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world’s most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
APELLA DRILLS 93.66 METRES (307.28 FEET) 43.87% Fe2O3, 7.90% TiO2, 0.41% V2O5 at IRON-T VANADIUM-IRON-TITANIUM PROJECT
Iron-T Report (PDF)
Assay Iron-T Results Table(PDF)
Photo Gallery
Apella Resources Inc. (TSX.V Symbol – “APA”); (Frankfurt Symbol – “NWN”), and its Board of Directors are pleased to report that drilling from Apella’s Iron-T project in north-central Quebec has delivered positive findings. Core sample assays have now been reviewed and Apella has intersected significant disseminated, semi massive and massive vanadiferous mineralization on its Iron-T Vanadium-Iron-Titanium Project.
Patrick D. O’Brien, ICD.D, Chairman states that; “Our initial expectations have certainly been exceeded. These mineralized drill intersects are suggestive of a significantly enriched Vanadium-Iron-Titanium system. Since these intersects are over a single 1000 metre long target area, and considering the overall project strike length of 10.3 kms, Apella’s management is now quite confident that the 10.3 km long Iron-t project has the ability to substantially exceed the potential and known mineralization of the non 43-101 compliant 102MT Lac Dore deposit located at Chibougamau, Quebec; which Apella also has a substantial interest in. We look forward to the next phase of diamond drilling at Iron-T with great anticipation.”
Highlights of the semi-massive to massive intersects, from the new results include:
• MA-09-13 – 49.39 metres (162.04 feet) 42.93% Fe2O3, 7.54% TiO2, and 0.39% V2O5 ; including 5.00 metres (16.40 feet) 62.74% Fe2O3, 12.85% TiO2, and 0.52% V2O5, and 6.19 metres (20.31 feet) 54.81% Fe2O3, 10.69% TiO2, and 0.51% V2O5
• MA-09-12 – 46.00 metres (150.92 feet) 34.35% Fe2O3, 4.31% TiO2, and 0.25% V2O5 ; including 30.75 metres (100.89 feet) 39.13% Fe2O3, 4.86% TiO2, and 0.26% V2O5, which includes 6.50 metres (21.33 feet) 49.16% Fe2O3, 6.63% TiO2, and 0.40% V2O5
• MA-09-11 – 34.08 metres (111.81 feet) 35.33% Fe2O3, 5.69% TiO2, and 0.38% V2O5 ; including 28.10 metres (92.19 feet) 36.81% Fe2O3, 6.13% TiO2, and 0.41% V2O5
• MA-09-11 – 36.48 metres (119.69 feet) 32.99% Fe2O3, 4.96% TiO2, and 0.33% V2O5 ; including 14.82 metres (48.62 feet) 39.94% Fe2O3, 6.15% TiO2, and 0.41% V2O5, and 7.6 metres (24.93 feet) 41.52% Fe2O3, 6.61% TiO2, and 0.41% V2O5
• MA-09-10 – 59.74 metres (196.00 feet) 40.41% Fe2O3, 6.51% TiO2, and 0.41% V2O5; including 15.89 metres (52.13 feet) 59.33% Fe2O3, 10.68% TiO2, and 0.66% V2O5
• MA-09-10 – 41.00 metres (134.51 feet) 27.67% Fe2O3, 4.13% TiO2, and 0.29% V2O5 ; including 9.50 metres (31.17 feet) 36.45% Fe2O3, 5.61% TiO2, and 0.40% V2O5
• MA-09-09 – 33.67 metres (110.47 feet) 35.55% Fe2O3, 5.48% TiO2, and 0.31% V2O5 ; including 9.13 metres (29.95 feet) 39.32% Fe2O3, 6.91% TiO2, and 0.41% V2O5, and 20.12 metres (66.01 feet) 39.18% Fe2O3, 5.82% TiO2, and 0.31% V2O5
• MA-09-08 – 90.93 metres (298.33 feet) 42.70% Fe2O3, 7.24% TiO2, and 0.38% V2O5; including 32.03 metres (105.09 feet) 40.28% Fe2O3, 6.96% TiO2, and 0.40% V2O5 ; and 52.53 metres (172.34 feet) 47.70% Fe2O3, 8.10% TiO2, and 0.40% and V2O5
• MA-09-07 – 93.66 metres (307.28 feet) 43.87% Fe2O3, 7.90% TiO2, and 0.41% V2O5 ; including 76.61 metres (251.35 feet) 49.72% Fe2O3, 9.13% TiO2,and 0.44% V2O5, which includes 51.66 metres (169.49 feet) 53.25% Fe2O3, 10.26% TiO2, and 0.51% V2O5 and which includes 38.66 metres (126.84 feet) 58.59% Fe2O3, 11.74% TiO2, 0.56% V2O5
• MA-09-07 – 32.47 metres (106.53 feet) 24.50% Fe2O3, 3.74% TiO2, and 0.25% V2O5; including 14.82 metres (48.62 feet) 37.68% Fe2O3, 6.31% TiO2, and 0.41% V2O5
• MA-09-06 – 13.00 metres (42.65 feet) 24.05% Fe2O3, 3.66% TiO2, and 0.24% V2O5
• MA-09-06 – 25.35 metres (83.17 feet) 22.07% Fe2O3, 3.02% TiO2, and 0.21% V2O5
• MA-09-05 – 12.15 metres (39.86 feet) 26.35% Fe2O3, 3.67% TiO2, and 0.25% V2O5 ; including 3.60 metres (11.81 feet) 41.34% Fe2O3, 6.24% TiO2, and 0.45% V2O5
• MA-09-05 – 20.92 metres (68.64 feet) 42.48% Fe2O3, 7.70% TiO2, and 0.44% V2O5 ; including 5.09 metres (16.70 feet) 57.80% Fe2O3, 11.19% TiO2, and 0.63% V2O5 , and 8.28 metres (27.17 feet) 52.26% Fe2O3, 9.83% TiO2, and 0.54% V2O5
• MA-09-05 – 20.10 metres (65.94 feet) 29.13% Fe2O3, 4.38% TiO2, and 0.33% V2O5 ; including 6.30 metres (20.67 feet) 35.83% Fe2O3, 5.82% TiO2, and 0.43% V2O5
• MA-09-04 – 32.84 metres (107.74 feet) 32.53% Fe2O3, 5.01% TiO2, and 0.31% V2O5; including 10.5 metres (34.45 feet) 47.75% Fe2O3, 6.76% TiO2, and 0.44% V2O5 ; and 4.69 metres (15.39 feet) 62.21% Fe2O3, 12.60% TiO2, and 0.74% V2O5
• MA-09-04 – 30.0 metres (98.43 feet) 54.46% Fe2O3, 11.04% TiO2, and 0.59% V2O5; including 26.0 metres (85.30 feet) 59.68% Fe2O3, 12.33% TiO2, and 0.65% V2O5
• MA-09-01 – 35.70 metres (117.3 feet) 26.29% Fe2O3, 3.33% TiO2, and 0.32% V2O5; including 8.07 metres (26.48 feet) 42.87% Fe2O3, 5.57% TiO2, and 0.54% V2O5, and also including 3.28 metres (10.76 feet) 45.50% Fe2O3, 7.58% TiO2, and 0.73% V2O5
Please see the attached chart outlining all significant intersects and grades for the 13 holes of drilling, as prepared by Mr. Roger Moar, P.Geo, Consulting Geologist.
The above drill intersects are compiled from approximately 737 samples that were submitted to ALS Chemex for assaying. Samples are being sent into the lab to assess the density of the mineralization so that calculations of tonnage can be made..
Due to the significance of this discovery Apella’s management has decided to post additional charts regarding the results on its website for reference. This data will include some 418 of the individual assays and a full chart of the true width drill intersects, hole by hole. Of the 418 individual assays selected to be displayed on the website there are Fe2o3 assays ranging up to 75.95% Fe2O3, 37% of which grade higher than 50% Fe2O3 and 67% grade above 40% Fe2O3. The TiO2 assays to be included ranged as high as 16.80% TiO2 with 22% of the assays above 10% TiO2 and 85% of the samples grading in excess of 5% TiO2. The V2O5 assays to be displayed range up to 1.34% V2O5, of which 35% assayed 0.50% V2O5 or higher and 87% of these samples assayed at 0.30% V2O5 or above. There will also be a series of photos of the core and the site for viewing.
The 13 hole, 1738.2 metre drill program tested only about 900 metres along strike, at 50 and 100-metre centres, of the 10 km long strike of the mineral enriched Bell River structure that Apella controls at its Iron-T project. The drill holes were drilled NQ sized drill bits at a dip of -45 degrees with an average drill-hole length of 134 metres. The magnetic anomaly that was chosen for this phase of drilling is just over 1000 metres long at surface and extends at depth along strike, east and west. It represents only a small footprint on the overall structure on Apella’s 100% owned Iron-T which contains many similar anomalies. Each of Apella’s 13 drill holes intersected several disseminated to massive iron oxide layers. The mineralized zones are open along strike east and west, as well at depth.
The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world’s most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities.
Assay Method and Quality Control
A total of 737 drill core samples were collected and sawn in half for sampling. One half was sent for assay and the other half retained for future reference. All samples were properly tagged, sealed in the field, and stored in Apella’s core shack facilities at Matagami. All samples were sent to ALS-Chemex, Val d’Or, Quebec, a commercial laboratory with ISO 9001:2000 certification. The QA/QC program included blanks insert for each batch of samples.
All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10)
Mr. Roger Moar, P. Geo, Consulting Geologist, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
PROMISING DRILL RESULTS AT LAC DORE NORTH VANADIUM-IRON TITANIUM PROJECT
Apella Resources Inc. (TSX.V: APA); Frankfurt: NWN) is pleased to announce encouraging drill results from the Lac Dore North vanadium project in northern Quebec. These preliminary results are indicative of a rare, high grade and mineable vanadium deposit and lend support to the project’s economic feasibility. In addition, these assets are strategically located in areas with excellent access by rail and highway. This is a further step toward Apella’s end goal of establishing a one of a kind stable, domestic supply of vanadium.
Apella CEO, Patrick O’Brien states, “this is an outstanding start to our development of the Lac Dore North project. Due to its proximity to the well-known Lac Dore Vanadium-Iron-Titanium deposit, we feel this drilling program has confirmed the extension of this unique formation. We are in the process of compiling as much precise geological data as possible at this early stage. We consider vanadium to be one of the world’s most important elements, given its steel strengthening properties and bright future in energy storage.”
The 2009 Phase 1 diamond drilling and 2009 channel sampling programs were carried out from July to September on Apella’s wholly owned Lac Dore North Vanadium-Iron-Titanium (V-Fe-Ti) Project at Chibougamau, Quebec. The 2009 exploration program has provided very important information that will now be used by Apella in targeting for its next phase of exploration and diamond drilling.
Technical Information:
A total of ten NQ core size diamond drill holes totaling 993m in length were collared as an initial diamond drilling program on the Lake Dore North project. Holes LDN-09-01, LDN-09-03, LDN-09-04 and LDN-09-06 were bored to test at depth and over a strike length of 100m the extension of the iron oxides mineralization of the two large stripped areas cleared by Apella in the fall of 2008. Apella’s drill hole LDN-09-02 was collared 120 metres S-SW of the stripping area to intersect Mackenzie Bay’s 1998 iron oxides mineralization obtained in hole MKB-01-02. Exploration holes LDN-09-05 and LDN-09-07 to LDN-09-10 were widely distributed over a surface distance of 1850m along the airborne magnetic anomaly to test for possible stratigraphic extensions. They returned lower oxide contents because they were not collared close enough to the magnetic airborne anomaly axis. In addition, the presence of a set of NE oriented faults which displaced the mineralized layers explained the weaker results in these particular holes. These faults are interpreted from topographic features and displacements of the magnetic axis.
The best assay results were obtained over the area Apella had earlier stripped and these more favourable holes returned values between 0.46% V2O5 to 0.64% V2O5 over lengths varying from 0.71m to 5.28m along core length in hole LDN-09-01; 0.46% V2O5 over 0.79m in hole LDN-09-04; 0.47% V2O5 over 4.25m and 0.45% V2O5 over 0.50m in hole LDN-09-06. Apella can now target its next round of diamond drilling at the more favourably mineralized target areas.
The mineralized Fe2O3, TiO2, and V2O5 zones in the Lac Dore North area are commonly multi-layered in nature. Due to folds and other characteristics the mineralized intersections Apella would expect to encounter are characterized by short multiple intersections of mineralization, layered throughout the core. Long continuous intersections of mineralization are not the norm in this area.
Significant assays results and calculated weighted grades for Fe2O3, TiO2, V and V2O5 are summarized in the following table.
2009 DIAMOND DRILLING PROGRAM - LAKE DORE NORTH
SIGNIFICANT ASSAY RESULTS
Calculated weighted grade with interval value greater than 0.25% V2O5
DDH NU FROM (m) TO (m) LENGHT (m) Fe2O3 (%) TIO2 (%) V (%) V2O5 (%)
LDN-09-01 2.62 3.27 0.65 29.25 5.59 0.230 0.411
LDN-09-01 7.75 12.52 4.77 30.66 5.78 0.235 0.419
LDN-09-01 15.12 19.10 3.98 21.36 3.77 0.153 0.273
LDN-09-01 20.60 27.35 6.75 24.86 3.85 0.164 0.293
LDN-09-01 33.96 36.60 2.64 28.27 3.92 0.160 0.286
LDN-09-01 39.12 39.83 0.71 43.43 7.54 0.280 0.500
LDN-09-01 47.40 48.02 0.62 41.93 6.35 0.240 0.428
LDN-09-01 50.61 51.68 1.07 54.88 9.60 0.360 0.643
LDN-09-01 53.65 60.62 6.97 35.08 5.70 0.229 0.409
LDN-09-01 66.25 67.25 1.00 30.73 5.00 0.200 0.357
LDN-09-01 70.70 75.98 5.28 39.23 6.27 0.255 0.456
LDN-09-01 78.04 79.60 1.56 43.20 7.48 0.290 0.518
LDN-09-01 80.49 85.88 5.39 35.28 5.80 0.226 0.403
LDN-09-01 86.50 94.87 8.37 30.19 4.97 0.196 0.349
LDN-09-01 95.76 97.11 1.35 29.10 4.63 0.180 0.321
LDN-09-02 72.37 76.29 3.92 28.79 7.49 0.143 0.255
LDN-09-02 97.85 98.85 1.00 26.72 6.53 0.195 0.348
LDN-09-03 63.90 64.35 0.45 45.06 11.32 0.150 0.268
LDN-09-03 66.35 67.98 1.63 48.96 13.08 0.140 0.250
LDN-09-03 73.83 78.29 4.46 29.54 5.14 0.146 0.262
LDN-09-04 10.17 14.41 4.24 30.49 5.07 0.168 0.301
LDN-09-04 31.80 38.15 6.35 29.40 4.64 0.193 0.345
LDN-09-04 39.65 43.17 3.52 24.14 4.14 0.153 0.274
LDN-09-04 47.54 49.25 1.71 26.75 4.29 0.160 0.286
LDN-09-04 53.61 57.41 3.80 30.49 5.01 0.166 0.296
LDN-09-04 65.10 65.89 0.79 42.39 6.63 0.260 0.464
LDN-09-04 67.15 68.33 1.18 31.03 4.40 0.180 0.321
LDN-09-06 5.47 9.72 4.25 41.02 6.34 0.262 0.468
LDN-09-06 10.62 12.15 1.53 29.61 4.54 0.190 0.339
LDN-09-06 13.04 14.61 1.57 32.84 5.26 0.210 0.375
LDN-09-06 18.55 20.27 1.72 31.61 5.19 0.200 0.357
LDN-09-06 24.63 25.83 1.20 35.46 5.64 0.220 0.393
LDN-09-06 36.00 36.60 0.60 26.55 3.38 0.160 0.286
LDN-09-06 50.30 52.75 2.45 22.95 3.76 0.159 0.285
LDN-09-06 65.20 65.70 0.50 37.14 5.22 0.250 0.446
LDN-09-06 66.90 68.15 1.25 38.50 3.83 0.180 0.321
LDN-09-06 69.45 70.75 1.30 34.39 3.36 0.150 0.268
It is noted that McKenzie Bay’s historic hole MKB-01-01 and Apella’s recent holes LDN-09-01 and LDN-09-06 have been bored on the same line, in a NW direction. Mineralization intersected by the three holes covers a horizontal width of about 160 m. Semi to massive oxide mineralized zones dip at 70 to 90 degrees. Apella’s hole LDN-09-02 was set up at 100 m between holes MKB-01-01 and MKB-01-02 in order to intersect the extension to the SW of the oxide mineralization found previously. Apella’s diamond drill hole LDN-09-02 confirmed the presence of two mineralized zones, 3.92m and 1.00m thick respectively. Apella’s holes LDN-09-03 and LDN-09-04 were bored on the same line with the target to intersect at depth the NE extension of the mineralization un-covered by the 2008 stripping. They intersected respectively 3 and 7 mineralized layers representing a horizontal width of about 80 m.
Following the diamond drilling program, Apella carried out a detailed geological mapping and a systematic channel sampling program mainly on the two large stripped areas cleared by Apella in the fall of 2008 (see news release dated October 30th, 2008).
The following table summarizes all calculated weighted grade of assay results for Fe2O3, TiO2, V and V2O5 obtained from the 2008 and 2009 channel sampling program. The 2009 trenching program was carried out simultaneously with the 2009 diamond drilling program from July through September, 2009.
2008 & 2009 CHANNEL SAMPLING PROGRAMS - LAKE DORE NORTH
Calculated weighted grade with interval value greater than 0.25% V2O5
CHANNEL NUMBER LENGTH (m) Fe2O3 (%) TIO2 (%) V (%) V2O5 (%)
V-2A 2.00 49.65 11.33 0.57 1.01
V-2B 4.10 54.55 11.01 0.54 0.96
V-7 0.80 46.80 10.25 0.54 0.96
V-16B 1.00 52.55 9.11 0.45 0.80
V-9 2.00 38.70 8.16 0.42 0.74
V-1A 2.00 35.25 8.81 0.40 0.71
V-3C 0.50 34.80 7.72 0.39 0.70
V-14 4.70 49.58 8.01 0.38 0.69
V-1B 3.50 34.60 7.92 0.38 0.68
V-18A 1.50 48.51 6.98 0.38 0.68
V-13B 2.30 45.46 7.68 0.35 0.63
V-4A 2.00 32.10 6.79 0.36 0.63
V-19 5.00 42.27 7.31 0.35 0.62
V-13A 2.00 42.95 7.30 0.34 0.60
V-6A 3.50 31.53 6.84 0.34 0.60
V-4B 1.50 30.40 6.34 0.32 0.58
V-5 1.00 29.20 6.32 0.32 0.57
V-10 5.00 41.38 6.72 0.32 0.56
V-2C 2.00 31.59 7.02 0.31 0.56
V-16A 6.00 35.83 5.95 0.28 0.50
V-12 7.00 36.30 5.77 0.27 0.48
V-11 7.00 36.11 5.35 0.26 0.47
V-3B 2.00 23.23 4.96 0.24 0.44
V-17 12.00 31.92 4.79 0.24 0.43
V-10A 3.60 33.41 5.11 0.23 0.41
V-6 21.00 30.41 4.88 0.22 0.40
V-6B 2.00 20.53 4.29 0.20 0.36
V-8A 2.00 20.55 4.08 0.20 0.35
V-15 3.00 25.95 4.11 0.18 0.32
V-3A 1.00 24.10 4.26 0.18 0.32
V-10B 4.20 28.06 3.85 0.17 0.31
V-8B 2.00 15.63 3.07 0.15 0.26
Assay Method and Quality Control
A total of 247 drill core samples were collected and sawn in half for sampling. One half was sent for assay and the other half retained for future reference. A total of 86 channel samples were collected from the Lake Dore North stripping areas by Apella’s personnel during the 2009 channel sampling program conducted in August and September. All samples were properly tagged, sealed in the field, and stored in Apella’s core shack facilities at Chibougamau. Following standard preparation at Table jamésienne de concertation minière at Chibougamau, all pulps were sent to ALS-Chemex, Val d’Or, Quebec, a commercial laboratory with ISO 9001:2000 certification. The QA/QC program included blanks insert for each batch of samples.
All samples were assayed for major elements including total iron and titanium dioxide by lithium borate fusion to dissolve resistive minerals followed by X-Ray fluorescence spectrometry (ME-XRF06 package). Vanadium content was also determined by X-ray fluorescence using ore grade procedures (V-XRF10)
To convert from vanadium to vanadium pentoxide (V2O5) as used by the industry, assay results for vanadium have to be multiply by a factor of 1.785.
The qualified person for the purposes of this news release is Mr. Roger Moar, Consulting Geologist, P.Geo and is a Qualified Person under National Instrument 43-101 guidelines.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
S.E.C. Exemption 12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
ROBERT COLLETTE APPOINTED TO ADVISORY BOARDS OF APELLA AND POWER VANADIUM
Apella Resources Inc. (TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce the appointment of the Mr. Robert Collette, a distinguished Canadian diplomat to the Advisory Boards of Apella Resources Inc. and it’s wholly owned subsidiary Power Vanadium Corporation.
“I am very pleased to join the Advisory Boards of both Apella and Power Vanadium, two outstanding companies and to counsel management in areas such as international trade, politics and economic affairs,” said Mr. Collette. “I believe that both Apella and Power Vanadium have significant potential for the future particularly as it relates to the environment sector. I very much look forward to contributing to the successful endeavors of both companies.”
Mr. Collette’s distinguished 37 year career with Foreign Affairs and International Trade Canada and other federal public service sectors culminated with his most recent appointment to the Swiss Federal Council with concurrent accreditation to the Principality of Liechtenstein in 2005. In addition to his appointment as Ambassador to Switzerland some of Mr. Collette’s other appointments include: Canada’s Chief of Protocol; Canada’s Ambassador to the Philippines; Minister (Commercial) and Deputy Head of Mission at the Canadian Embassy in Beijing, China; Deputy Director, Western Europe Trade, Investment and Technology at DFAIT; Director, Africa and Middle East Trade and Investment; Director, Investment and Science and Technology, Canada; and Personal Representative of the Prime Minister of Canada for La Francophonie.
Apella’s Chairman, Patrick O’Brien, stated, “We are pleased and privileged to welcome Robert Collette to both Apella’s and Power’s Advisory Boards, and look forward to the significant benefits Robert’s wealth of experience brings to our team. Robert’s broad national and global experience and know-how will prove vital as we develop our extensive Vanadium, Iron and Titanium projects.”
In summary, Mr. Collette’s professional career included the following highlights:
Seven years as Canada’s Ambassador to the Philippines and Switzerland;
Two Years as Canada’s Chief of Protocol;
Fourteen years as a Trade Commissioner including the following assignments: six years in Beijing including three years as Minister (Commercial) and Deputy Head of Mission; Director of Investment and Science and Technology Programs at Foreign Affairs and International Trade; Director, Trade and Investment Relations with Africa and the Middle East; and Deputy Director, Trade, Investment and Science and Technology Relations with Western Europe;
Ten years with the Canadian International Development Agency (CIDA), including two postings in Kuala Lumpur and Yaoundé;
18 years of experience living and working ‘on-the-ground’, in developing and developed countries (Malaysia, Cameroon, China, Philippines, Switzerland and Italy);
Extensive experience as a Manager of human and financial resources.
In areas such as national and international political affairs, economic matters, business development and global trade, Mr. Collette will provide exceptional insight and guidance to our Management Team and Boards of Directors.
For further information, Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
APELLA FORMS VANADIUM-IRON-TITANIUM SUBSIDIARY – “POWER VANADIUM CORPORATION”
Apella Resources Inc. (TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that the Company has formed a wholly-owned subsidiary Power Vanadium Corporation (herein referred to as “Power”). At present Apella owns all of the share capital of Power which includes a combination of single voting and multiple voting common shares. The multi-voting shares will be placed in a trust and voted independently of Apella.
Power will be positioned as a highly visible and identifiable, pure Vanadium-Iron-Titanium entity. Power will provide Apella with a vehicle within which Apella can finance, operate, and develop its Iron-Vanadium-Titanium projects without significant affect on the other gold, copper and nickel assets within Apella. It will provide a structure within which it can more simply arrange transactions focused on the financing, acquisition, disposition, exploration and development of the pure Vanadium, Iron, and Titanium Projects.
It is anticipated that Apella’s Iron-T, Lac Dore and Lac Dore North interests will all be owned and operated under Power.
All of these extensive Vanadium-Iron-Titanium projects are located in the Province of Quebec, Canada.
The Lac Dore North Iron-Vanadium-Titanium Project encompasses 18 claims covering an area of approximately 300 hectares (741 acres) over a strike length of approximately 3.0 kilometers, covering the northeast extension of the well known 5.5 billion pound Lac Dore Vanadium Deposit. Apella carried out an extensive channel sampling program on the Lac Dore North and followed this up with line cutting, geophysics and diamond drilling from which it is awaiting a report on some 250 drill core assays processed by ALS-Chemex laboratories in Canada and Perth, Australia.
Apella’s interest in the 5.5 billion pound Lac Dore Deposit, the world’s second largest Vanadium deposit will become part of the projects developed under Power.
The Iron-T Vanadium-Iron-Titanium Project has been the subject of channel sampling, mapping and diamond drilling by Apella. The Iron-T is located near the mining town Matagami, Quebec. The extensive Iron-T Project now totals 134 mineral claims (10,600 acres/4,289 ha) and a strike length of 10 miles (16 kms). Apella has carried out extensive trenching and targeted diamond drilling on the Iron-T. Work on the Iron-T has now confirmed the presence of significant Vanadium, Titanium, and Iron mineralization. The mineralization on Apella’s Iron-T project bares striking similarities to such world class deposits as the Rhovan Deposit in South Africa. The nearby mining town of Matagami can provide housing, servicing, supplies, consumables and transport facilities including railway access as required for an efficient mining operation.
Currently, all mined vanadium utilized in North America is sourced internationally and imported. A number of these international source countries present a significant risk, politically, to present and future North American supply chains; as does the exposure to current sources relied upon within the international petroleum sector where Vanadium is produced as a by-product. Our more favourable Canadian based projects present an exceptional and rare opportunity to create a stable and reliable North American source and supply for vanadium, vanadium enriched magnetite iron ore, vanadium pentoxide, and titanium. This would be in addition to the obvious opportunities of providing the vast developing markets of China, India, the Far-East and Europe with ship-ready magnetite iron ore, already enriched with vanadium, at a significant price premium for their steel production. These type of Magnetite sourced Vanadium-Iron-Titanium deposits that we are identifying and developing are not very common. In fact, this is a rare and unique opportunity for Apella’s and now Power’s stakeholders.
There are multiple opportunities with these projects. First and foremost, is the opportunity to quickly establish a world-class, low cost, operation supplying Vanadium enriched Iron-Ore. This ore could simply be processed to meet the specifications of the world’s steel mills eliminating much of their requirement for blending that’s commonly utilized throughout the industry in the making of alloy steel. On the other hand, Apella could extend the possibilities significantly by entering into the Vanadium and Titanium sectors. Both of the key strategic metals present their own unique opportunities and unlimited markets to be addressed. The potential for very profitable production of both Ferrovanadium and Vanadium Pentoxide V2O5 exists on all of Apella’s projects.
On another note, the Vanadium industry itself is relatively young and new uses for Vanadium are continually being identified. The primary use for Vanadium remains for production of steel alloys. Vanadium and Titanium are also extensively used for aerospace engines and airframe materials. Today, Asia has successfully implemented Vanadium in a number of battery technologies superior to previous standards. These next generation batteries represent a green technology that if fully commercialized, would have a significant global impact. The storage capacity for these batteries is suitable for wind, solar, nuclear, backup systems, electric automobiles and many other applications. With the constant depletion of the world’s petroleum supplies, which is a key source of Vanadium for North America today, and with environmental and political issues shifting focus to more practical solutions, the outcome of all this is creating a new market for mined vanadium and possibly a competitive edge for the North American economies.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
DIAMOND DRILLING EXTENDED & COMPLETE IRON-T IRON-VANADIUM-TITANIUM PROJECT
Apella Resources Inc. (TSX.V Symbol – “APA”); (Frankfurt Symbol – “NWN”), and its Board of Directors are pleased to announce that Apella has now successfully completed its initial drilling program on the Iron-t Vanadium-Iron-Titanium Project. The original 10-hole 1000 metre program budgeted for and announced October 26th was increased by management to 1800 metres at the request of Apella’s geological field crew. Three holes were added bringing the total holes to thirteen. A number of initial ten holes were revisited and extended in depth. The Company is planning a follow up release in order to provide details of the drill holes.
The remaining core samples are now being logged and several hundred samples in total will be processed for Vanadium, Iron and Titanium by ALS Chemex Canada and Perth, Australia.
The Company is now planning its Phase-2 diamond drill program for the Iron-T and estimates that the next phase will be considerably more extensive that Phase-1.
The Iron-T Project is located near Matagami, Quebec, approximately 250 km west of Chibougamau, the location of Apella’s Lac Dore and Lac Dore North Iron-Vanadium-Titanium Projects. The Iron-T Project is Apella’s largest Canadian Iron-Vanadium-Titanium project and will be the focus of most of Apella’s diamond drilling and exploration endeavours over the coming months.
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN