🕐18.04.12 - 17:27 Uhr
APELLA RESOURCES INC. NEWS - LAC DORE UPDATE
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Lac Dore Update
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Vancouver, BC - April 18th, 2012
Apella Resources Inc.
which trades on (TSX.V: "APA"), (U.S.A.
OTCQX: "APAFF"), and
(Frankfurt Symbol: "NWN") and its subsidiary Prestige Mining Corporation are pleased
to announce that the exploration work initiated on its Lac Dor Iron-Titanium and
Vanadium property is progressing according to the schedule.
Les Consultants Aurus Inc.
was retained to survey the historic grid.
The delineation
of the old stripping and the establishment of three permanent benchmarks have proceeded
on plan.
Prior to the commencement of this work, the access roads were cleared of
snow to ease access.
The Apella geological and prospecting team assisted the surveyor
in the field and searched for the historic diamond drill hole locations.
Each historic
drill-hole identified, has now been accurately recorded with a GPS and the coordinates
will be used to update the Companys Lac Dor database.
Several of the historic
drill-hole casings have been found in place; some of them were partially destroyed
during a 1989 timber cutting operation.
The two casings left by SNC Lavalin Inc.
during the course of their feasibility
study for McKenzie Bay Resources Ltd.
in 2001 have been located intact.
They correspond
to holes 2001-05 and 06.
Those particular two holes were drilled along the NE extension
of main deposit.
It has been reported that historic drill-hole 2001-05 returned two mineralized intersections
which are as follows:
1) 1.13% V2O5, 9.54% TiO2 and 25.11% oxides over 6.70 m;
2)1.21% V2O5, 9.81% TiO2 and 35.93% oxides over 29.35 m.
Note: V2O5 and TiO2, at the time of the drilling, were assayed on a concentrate
obtained from a Davis Tube concentrator.
Historic drill-hole 2001-06 returned several mineralized zones which have been grouped
in a composite intersection.
Results were as follows: 1.26% V2O5, 7.52% TiO2 and
24.34% oxides over 148m.
The above information is provided for reference purposes only.
The historic results
do not conform to the requirements of National Instrument 43-101 and should be relied
upon for any other purposes.
The Company cautions that a qualified person has not
done sufficient work on the Lac Dore Deposit to confirm the above noted assays,
or to classify any historical estimates and therefore historical pre NI 43-101 information
should not be relied upon on as an indicator of actual resource or reserve estimates,
and should not be construed only as conceptual in nature.
To date, drill sites of historic drill-holes S-21, S-22, S-23, S-24, S-31 and S-33
have been found and precisely located.
Casings of holes S-25 and S-32 have been
found and rehabilitated.
These holes were all bored in 1979 by SOQUEM.
The 1979
diamond drill records do not mention if the casings were left or removed.
There
was still some snow in the field which had masked the location of the historic drill-hole
collars.
In addition, the stripping made in 1997 by McKenzie Bay had made several
drill holes difficult to identify.
This press release has been reviewed by Dr.
Christian Derosier, P.
Geo., Consulting
Geologist and Qualified Person for the Lac Dore Project under National Instrument
NI 43-101.
Additional information, as it is available, will be contained on the Companys website
at www.apellaresources.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D.
OBrien"
Patrick D.
OBrien, 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.
>From Apella Resources:
The Lac Dore Deposit
* Advanced stage Vanadium deposit historically known as one of the largest (viable)
Vanadium deposits in the world.
* This enormous deposit was owned by the government of Quebec, Canada as a crown
asset for over 40 years.
* The Lac Dore deposit is established as a world-class polymetallic (iron, vanadium
& titanium) mining project.
* Apella is onsite preparing the drill targets and roads for an aggressive drill
program with the objective of confirming the positive results of the SNC Lavalin
Feasibility study completed in 2003.(Pre NI 43-101
* Apella also plans to further delineate new zones of significant mineralization
previously untested with expansion drilling set to commence immediately after the
first phase of drilling.
* As well as iron ore (titanomagnetite concentrate) and ferrovanadium, Apella is
targeting to be the worlds most significant new source of Vanadium and one of the
worlds top feedstock titanium producers.
Apella 3D Drill Tour
Apella 3D Drill Tour
Click here for the resource calculator
Gray
For more information contact:
W.
Adrian Bakker
Vice President of Corporate Communications
Apella Resources Inc.
APA-TSX-V
1600-543 Granville St.
Vancouver, BC, Canada V6C 1X8
Ph.604.683.8990
Direct.604.641.4474
Toll Free:1-800-663-8990
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The Mining town of Chibougamau and the Lac Dore Vanadium Deposit
Subscribe to Apellas Video Channel
Apella Interview with W.
Adrian Bakker at PDAC 2012
Apella Interview with W.
Adrian Bakker at PDAC 2012
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Apella Resources Inc.
| 1600 - 543 Granville Street | Vancouver | BC | V6C 1X8 | Canada