🕐06.12.11 - 19:54 Uhr
APELLA RESOURCES INC. SAMPLES UP TO 1.15% V2O5EQ AT GAME-CHANGER PROJECT
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Apella samples up to 1.15% V2O5Eq at Game-Changer
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Vancouver, BC -December 6th, 2011
Apella Resources Inc.
(TSX.V Exchange: "APA"), (U.S.A.
OTCQX Exchange: "APAFF"),
is pleased to report the complete assay results obtained after the due diligence
made on its new Game-Changer Vanadium-Iron-Titanium Project (see News Release of
October 24, 2011).
In the previous release the Fe2O3 and TiO2 data was not included
for the due diligence samples taken by Apellas Qualified Person Dr.
C.
Derosier,
P.Geo.
This new data is now included in the table herein entitled "Dr.
C.
Derosier,
P.Geo, QP Due Diligence Samples" and the specific Fe2O3 and TiO2 numbers are highlighted
solely for ease of reference.
Patrick D.
OBrien, ICD.D, Chairman states, "These added results meet Apellas expectations
for the preliminary stages of this new project and have had a significant upward
impact on the relevant V2O5Eq numbers outlined in the same chart herein placing
80% of Dr.
C.
Derosiers due diligence samples above Apellas breakeven target
values".
The extensive enriched mineralization was discovered by the prospecting team of
R.
Laviolette and G.
Dumoulin while prospecting the Timmins region in May of 2011.
The Game Changer Project is an assemblage of mineral claims which provide two distinct
mineralized zones, each presenting excellent potential to host economic Vanadium-Iron-Titanium
deposits.
The two zones identified to date have been designated as the West Structure
and East Structure for future reference.
Vanadium mineralization of the Egan Complex occurs within the Fe-Ti oxide rich horizons,
in the layered ferrogabbro zone of the upper part of the Complex.
This horizon is
well defined in the aeromagnetic survey maps by its high magnetic susceptibility.
Twelve grab samples were taken at different locations along the gabbro sill, by
the prospectors.
Dr.
C.
Derosier, P.Geo and Apellas project Qualified Person for
the project took a further five grab samples.
Two of Dr.
Derosiers samples were
taken on the same occurrences as the prospectors first samples, and three were
taken at different locations.
Results of the grab samples are listed as follows:
Prospector Grab Samples
Sample Number
Fe2O3 %
TiO2
V2O5
V2O5Eq
RL-01
28.22 %
3.91 %
0.34 %
0.56 %
RL-02
38.11 %
6.45 %
0.51 %
0.81 %
RL-03
20.09 %
2.26 %
0.18 %
0.33 %
RL-06
21.74 %
2.53 %
0.29 %
0.46 %
RL-07
30.93 %
4.73 %
0.49 %
0.51 %
RL-09
23.69%
2.96 %
0.25 %
0.44 %
RL-10
49.79 %
8.68 %
0.76 %
1.15 %
RL-11
41.02 %
6.33 %
0.05 %
0.37 %
RL-12
22.74 %
2.80 %
0.03 %
0.21 %
RL-13
38.86 %
6.17 %
0.02 %
0.32 %
RL-14
21.55 %
2.38 %
0.02 %
0.19 %
RL-15
22.79 %
2.45 %
0.02 %
0.20 %
Samples above, taken from Apellas new Game Changer Project were assayed by the
XRF method at Activation Laboratories Ltd., located in Timmins, Ontario.
Dr.
C.
Derosier, P.Geo, QP Due Diligence Samples
Sample Number
Fe2O3 %
TiO2 %
V2O5 %
V2O5Eq %
171290
36.63 %
6.51 %
0.27 %
0.77 %
171291
45.67 %
7.77 %
0.39 %
1.05 %
171292
24.77 %
3.29 %
0.20%
0.55 %
171293
30.89 %
4.70 %
0.30 %
0.78 %
171294
20.06 %
2.55 %
0.15 %
0.42 %
Apellas samples were assayed by ALS-Chemex Ltd.
in North Vancouver using the XRF
method and ICP method for the other elements.
Apellas Iron-T Deposit at Matagami, Quebec and this new Egan Complex, the Game-Changer
discovery similarly hold a non-negligible portion of Magnetite and Titanium di-oxides.
It is consequently important to determine the dollar value per tonne of the oxide
contained in the mineralized zones as well as the cut-off grade.
This cut-off grade
is expressed as a percentage.
Note: In order to be consistent with the previous results released since 2010 for
its Iron-T Project, Apella used the same metal prices herein for the Vanadium, Titanium
and Iron as of June 14, 2010.
Those prices are as follows:
* Fe = 182 US$ per metric tonne (0.182 US$/kg);
* TiO2 = 90 US$ per metric tonne (0.09 US$/kg);
* V2O5 = 14,000 US$ per metric tonne (14 US$/kg).
The recovery of the oxides is also taken in account: Fe= 65%, TiO2= 65% and V2O5
= 75%, which give the following unitary prices: Fe= 118 US$/tonne, TiO2 = 59 US$/tonne
and V2O5 = 105 US$/tonne.
Applying a factor equal to 1 to V2O5, factors of Fe and TiO2 are respectively 0.011
and 0.006.
The V2O5Eq is calculated using the following formula:
V2O5Eq = V2O5 + 0.011*Fe+0.006*TiO2 = %
The Iron-T cut-off grade was estimated by SGS Geostat at 0.48% V2O5Eq which corresponds
to a mining and milling cost totaling US$ 50.00.
Consequently, all values above
0.48% V2O5Eq are considered as economic intersections or values.
Two grab samplings returned almost the same V2O5 and the V2O5Eq values, especially
where twin samples were taken.
Four of the five (80%) of the samples taken during
the due diligence by Dr.
C.
Derosier, P.Geo.
returned economic values.
Assays from
Apellas new 100% owned Game-Changer Project look very similar to those obtained
by Apella on its 100% owned Iron-T Project during the last drilling program and
more particularly on its newly discovered NW-SE Zone on the Iron-T Project.
The planning for the next phase of exploration and drilling on the Game-Changer
Project are in progress, as with the Iron-T.
This press release has been reviewed by Dr.
Christian Derosier, P.
Geo., Consulting
Geologist and Qualified Person for the Iron-T and Game-Changer Projects under National
Instrument NI 43-101.
In other business, the Company has determined that a return trip to China was not
necessary at this time as it has now received representations of interest in its
Canadian Vanadium-Iron-Titanium projects from entities situated in locales as far
abroad as China, India, Japan, South Africa and Europe.
Should anything material
evolve from these discussions, the Company will keep its shareholders advised by
way of press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D.
OBrien"
Patrick D.
OBrien, ICD.D - Chairman
S.E.C.
Exemption 12(g) 3-2(b) File No.
82-3822, Standard & Poors Listed, Dun &
Bradstreet Listed.
"Neither the 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."
Download Original Document Here...
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
View our videos on YouTube
Like us on Facebook
Follow us on Twitter
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Apella slideshow
Video
of the
Iron-T Vanadium Deposit
Subscribe to Apellas Video Channel
Interview With W.
Adrian Bakker
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
QUICK LINKS
Our Website
Stock Price
Vanadium Price
Vanadium Information
More About Us
Find us on Facebook
Follow us on Twitter
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Join Our Mailing List
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Apella Resources Inc.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Forward email
http://ui.constantcontact.com/sa/fwtf.jsp?llr=qn7hnpcab&m=1102176317872&ea=&a=1108931131582
This email was sent to by .
Update Profile/Email Address
http://visitor.constantcontact.com/do?p=oo&mse=00147Jgk4c64VMbdKeQ-YUc5Wz9IVmN2nde&t=001Zo_gO7mzMjLN8_o_vxOjLg%3D%3D&llr=qn7hnpcab
Instant removal with SafeUnsubscribe(TM)
http://visitor.constantcontact.com/do?p=un&mse=00147Jgk4c64VMbdKeQ-YUc5Wz9IVmN2nde&t=001Zo_gO7mzMjLN8_o_vxOjLg%3D%3D&llr=qn7hnpcab
Privacy Policy:
http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp
Online Marketing by
Constant Contact(R)
www.constantcontact.com
Apella Resources Inc.
| 1600 - 543 Granville Street | Vancouver | BC | V6C 1X8 | Canada