News 2010 Partial Iron-T Assays Re-Release 27.64 METRE (90.68 FEET) 37.87% Fe2O3, 0.41% V2O5, and 6.26% TiO2 35.1 METRE (115.16 FEET) 36.76% Fe2O3, 0.38% V2O5, and 4.80% TiO2
Partial Iron-T Assays Re-Release 27.64 METRE (90.68 FEET) 37.87% Fe2O3, 0.41% V2O5, and 6.26% TiO2 35.1 METRE (115.16 FEET) 36.76% Fe2O3, 0.38% V2O5, and 4.80% TiO2
Vancouver, BC – Friday July 23, 2010
Apella Resources Inc. (TSX.V: APA), (Frankfurt Symbol: NWN) is, in this news release, re-releasing the assay results the Company disseminated on Wednesday July 21st, 2010 because one of the Canadian news disseminators Stockwatch changed the Company’s released assays substantially in error causing the assays to appear dramatically lower than they actually were.
The error by the news disseminator appears in the table of assay results in the July 21st release whereby the news disseminator incorrectly moved the decimal point in all of the assays two places to the left thus reducing all the values of the noted V2O5, Fe2O3, and TiO2 assays by a factor of 1/100th. This caused considerable confusion as to consistency of released assays and resulted in Apella fielding many shareholder calls for clarification. The assays in the table below are actually 100 times higher than those initially disseminated by Stockwatch on July 21st, 2010.
The correct assays for Holes MA-10-10-32, MA-10-36, and MA-10-37, as originally released by Apella on July 21st, 2010 are as follows:
|
HOLE
|
From |
To |
Interval Meterage |
Interval Footage |
V2O5 % |
Fe2O3 % |
TiO2 % |
|
MA-10-32 |
20.75 m |
37.00 m |
16.25 metres |
53.31 feet |
0.32 % |
36.93 % |
5.36 % |
|
MA-10-32 |
38.63 m |
41.87 m |
3.24 metres |
10.63 feet |
0.41 % |
46.95 % |
6.02 % |
|
MA-10-32 |
50.11 m |
52.22 m |
2.22 metres |
7.28 feet |
0.45 % |
44.52 % |
5.33 % |
|
MA-10-32 |
56.22 m |
83.66 m |
27.64metres |
90.68 feet |
0.41 % |
37.87 % |
6.26 % |
|
|
|
|
|
|
|
|
|
|
MA-10-36 |
37.03 m |
41.73 m |
4.70 metres |
15.42 feet |
0.41 % |
28.83 % |
6.17 % |
|
MA-10-36 |
75.99 m |
111.0 m |
35.1 metres |
115.16 feet |
0.38 % |
36.76 % |
4.80 % |
|
|
|
|
|
|
|
|
|
|
MA-10-37 |
60.75 m |
61.90 m |
1.15 metres |
3.77 feet |
0.43 % |
41.69 % |
6.72 % |
|
MA-10-37 |
69.69 m |
70.94 m |
2.54 metres |
8.33 feet |
0.29 % |
23.93 % |
3.78 % |
|
MA-10-37 |
77.19 m |
99.17 m |
21.98 metres |
72.11 feet |
0.34 % |
33.92 % |
4.49 % |
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.
