🕐29.10.10 - 15:54 Uhr
Apella Resources News
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EXTENSIVE 250 KM IRON-T MAG SURVEY UNDERWAY
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Vancouver, BC - October 28th, 2010
Apella Resources Inc.
(TSX.V: APA), (U.S.A.
OTCQX: APAFF), and (Frankfurt: NWN)
ispleased to announce that the company granted Abitibi Geophysics Inc.
from Val
dOr, Quebec, a contract to conduct an extensive 250 line km Magnetic-GPS survey
on Apellas Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
>From the positive drill results obtained to date coupled with data from earlier
airborne surveys covering the western part on the Iron-T Project the company has
concluded that the rich mineralization discovered to date extends over the entire
western extension of the Iron-T.
Based on these conclusions, the rich mineralization
identified to date would extend over a multi-kilometer strike length and be open
in all directions and at depth.
Patrick D.
OBrien, ICD.D, Apellas CEO stated, "This survey will complete this
data set and place the Iron-T in a drill ready status from east to west.
It is expected
to increase the number of drill-ready target significantly.
This would mean that
most of future exploration, in addition to the 20,000 metres of drilling presently
planned on the Iron-T project, will be focused on diamond drilling; whereby the
amount of planned drilling meterage will most likely have to be increased substantially."
The magnetic survey now underway will comprise about 250 km of transversal lines,
base lines and tie lines and is planned to cover the entire western part of the
property from Shallow Lake to the Bell River.
This represents about 50% of the total
area of the Iron-T Project.
The central part of the Iron-T which was the subject
of the 2009-2010 exploration drilling campaigns, as well as the eastern part, have
been surveyed by Apella over the years from 2007 (17 original claims) to March 2010.
Once this new survey will be completed, the entire Iron-T project which currently
consists of 146 claims totaling 3,995.57 hectares will have been covered by a ground
magnetic survey.
Results of the new magnetic survey will be available to Apella at the beginning
of December 2010 and will provide considerable abundance of drill targets which
will confirm the size of this World-Class magmatic Fe-Ti-V oxide deposit.
In the past, the Iron-T area was covered by a regional airborne magnetic and electromagnetic
INPUT MK VI survey which was conducted in 1977.
Regional magnetic data over the
Iron-T project from that airborne survey were acquired at a nominal lines spacing
of 200 metres and a nominal mean terrain clearance of 125 metres.
In addition, the
western half of the Iron-T Vanadium-Titanium-Iron property, now being ground surveyed
by Apella was covered by a regional airborne gradiometric survey which was carried
out in 1984.
Magnetic data in that survey was acquired at a nominal lines spacing
of 300 metres and a nominal mean terrain clearance of 150 metres.
The two airborne
magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background
level which is continuous over some 25 km in a WNW direction.
To date, the ground magnetic surveys undertaken by Apella have shown a direct relationship
with the Iron-Titanium and Vanadium mineralization discovered.
They have also provided
more precise locationing of the anomalies and more accurate shapes of the targets.
The current ground magnetic survey will be carried over lines at a 100 spacing with
readings every 2 seconds.
The diurnal corrections are made with a synchronized Mag
base station.
Observation of the Total Magnetic Field (TMF) will be recorded and
treated with Geosoft software.
The Vertical Gradient will be calculated from the
TMF.
The survey under progress is planned to confirm the lengths and widths of the airborne
anomalies.
It will also cover a 3 km long NW oriented magnetic axis which starts
near the southwest shore of Shallow Lake and which seems to joins the main magnetic
axis.
This magnetic "South Branch" is about 3 km long and has never been drill tested.
The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the
west-central part of the Province of Quebec, Canada, approximately 780 km north
of Montreal.
Matagami, situated in the administrative region of Northern Quebec,
is the major town in the area and can provides housing, servicing, supplies, consumable
and transport facilities including railway access for an efficient mining operation.
The property is accessible via Matagami located approximately 780 km of Montreal,
250 km from Val dOr and 185 km from Amos along regional highways.
Matagami is accessible
via Regional Highway 109 which links Amos to the Bay James Highway.
The central
part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town
of Matagami.
Access to the property itself is via all-weather gravel road N805 which
links Lebel-sur-Quvillon to Matagami.
This 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.
Additional information is contained on the Companys website at www.apellaresources.com
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D.
OBrien
Patrick D.
OBrien, ICD.D - Director
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.
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youtube video
Video
of the
Iron-T Vanadium Deposit
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