News 2010 Iron-T Mineralization Now Identified Over 3.5 Km Strike 19.39 METRE (63.61 FEET) 41.88% Fe2O3, 0.53% V2O5, and 6.97% TiO2 16.8 METRE (52.12 FEET) 43.55% Fe2O3, 0.54% V2O5, and 6.77% TiO2 15.96 METRES (52.36 FEET) 47.0% Fe2O3, 0.47 V2O5, and 6.20 TiO2 15.4
Iron-T Mineralization Now Identified Over 3.5 Km Strike 19.39 METRE (63.61 FEET) 41.88% Fe2O3, 0.53% V2O5, and 6.97% TiO2 16.8 METRE (52.12 FEET) 43.55% Fe2O3, 0.54% V2O5, and 6.77% TiO2 15.96 METRES (52.36 FEET) 47.0% Fe2O3, 0.47 V2O5, and 6.20 TiO2 15.4
Vancouver, BC – Thursday July 22, 2010
Apella Resources Inc. (TSX.V: APA), (Frankfurt Symbol: NWN) is very pleased to announce that the recent drilling on the Company’s Iron-T V2O5-Fe2O3-TiO2 Project has been highly successful as indicated by the assay results disseminated since mid June. All of the assay results have now been received from ALS Chemex and the remaining assay results to be released are contained in the table below.
Patrick D. O’Brien, CEO, ICD.D states, “the results from this Phase 3 drill program have certainly added considerable mineralization to that previously identified and utilized as the basis for the recent SGS Geostat resource calculation. The anticipated strike of the mineralization is now expected to continue over an area of approximately 15.5 km in length, up some 50% from 10.3 km per earlier expectations. The Iron-T is certainly indicating that it has the potential to produce a very large deposit of significant grade.”
The results for the remaining drill holes are as follows:
|
HOLE
|
From |
To |
Interval Meterage |
Interval Footage |
V2O5 % |
Fe2O3 % |
TiO2 % |
|
MA-10-26 |
49.22 m |
50.47 m |
1.25 m |
4.10 feet |
0.39 % |
31.20 % |
5.81 % |
|
MA-10-26 |
76.89 m |
80.64 m |
3.75 m |
12.30 feet |
0.28 % |
26.26 % |
3.55 % |
|
|
|
|
|
|
|
|
|
|
MA-10-27 |
42.00 m |
48.50 m |
6.50 m |
21.33 feet |
0.60 % |
41.57 % |
7.24 % |
|
MA-10-27 |
54.75 m |
58.50 m |
3.75 m |
12.30 feet |
0.35 % |
28.56 % |
4.46 % |
|
MA-10-27 |
68.36 m |
69.27 m |
0.91 m |
2.99 feet |
0.30 % |
26.96 % |
3.81 % |
|
MA-10-27 |
85.00 m |
86.00 m |
1.00 m |
3.28 feet |
0.34 % |
29.27 % |
4.63 % |
|
MA-10-27 |
108.5 m |
109.75 m |
1.25 m |
4.10 feet |
0.34 % |
26.82 % |
3.90 % |
|
MA-10-27 |
123.75 m |
125.00 m |
1.25 m |
4.10 feet |
0.36 % |
28.07 % |
4.17 % |
|
|
|
|
|
|
|
|
|
|
MA-10-28 |
91.60 m |
95.00 m |
3.40 m |
11.15 feet |
0.46 % |
34.93 % |
5.34 % |
|
MA-10-28 |
112.86 m |
127.00 m |
14.14 m |
46.39 feet |
0.41 % |
31.30 % |
4.98 % |
|
MA-10-28 |
148.17 m |
160.67 m |
12.50 m |
41.00 feet |
0.36 % |
25.34 % |
3.81 % |
|
|
|
|
|
|
|
|
|
|
MA-10-29 |
77.95 m |
86.55 m |
8.60 m |
28.22 feet |
0.30 % |
25.99 % |
3.71% |
|
MA-10-29 |
93.80 m |
94.80 m |
1.00 m |
3.28 feet |
0.54 % |
35.38 % |
6.69 % |
|
MA-10-29 |
104.46 m |
105.71 m |
1.25 m |
4.10 feet |
0.41 % |
30.15 % |
4.89 % |
|
MA-10-29 |
131.71 m |
147.14 m |
15.43 m |
50.62 feet |
0.80 % |
55.13 % |
9.54 % |
|
|
|
|
|
|
|
|
|
|
MA-10-30 |
61.25 m |
78.05 m |
16.80 m |
55.12 feet |
0.54 % |
43.55 % |
6.77 % |
|
MA-10-30 |
83.62 m |
97.40 m |
13.78 m |
45.21 feet |
0.37 % |
30.74 % |
5.31 % |
|
MA-10-30 |
115.65 m |
131.61 m |
15.96 m |
52.36 feet |
0.47 % |
39.31 % |
6.20 % |
|
including |
|
|
8.46 m |
27.76 feet |
0.56 % |
43.33 % |
6.98 % |
|
MA-10-30 |
139.03 m |
158.42 m |
19.39 m |
63.61 feet |
0.53 % |
41.18 % |
6.97 % |
|
MA-10-30 |
167.17 m |
171.00 m |
3.83 m |
12.57 feet |
0.32 % |
24.03 % |
3.11 % |
|
|
|
|
|
|
|
|
|
|
MA-10-34 |
Weakly Mineralized |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MA-10-39 |
69.55 m |
72.88 m |
3.33 m |
10.93 feet |
0.94 % |
52.22 % |
8.14 % |
At this time field crews are continuing to work on clearing, power-washing and sampling of the new outcrop discovery areas. Samples from the channel sampling program will be prepared and sent to ALS Chemex for analysis.
Apella is now planning its next phase of diamond drilling for the Iron-T project.
The Company plans to place a complete compilation of all of the drill results from Phase 3 and an accompanying map on its website as soon as possible.
The press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien
Patrick D. O’Brien, ICD.D – Chairman
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Apella Resources invites the public to visit its website at www.apellaresources.com , e-mail us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to be added to the Company’s e-mail list for press releases and updates or call Mr. Adrian Bakker at our Vancouver offices for further details at 604-683-8990.
