News
Montana Tunnels Update
DENVER-(Business Wire)-May 20, 2008 - Apollo Gold Corporation ("Apollo") (TSX: APG) (AMEX: AGT) announced today that following the shutdown of the mill at Montana Tunnels on April 27, 2008, which was announced in the press release dated April 28, 2008, and updated on May 2, 2008 the ball mill repair was completed ahead of the announced schedule and the mill recommenced production on May 17, 2008.
David Russell, President and CEO of Apollo Gold, states, "I am very pleased with the crews at Montana Tunnels who successfully completed this enormous task within the projected time frame. I congratulate all those who contributed to the repair job."
Apollo Gold Corporation
Apollo is a gold mining and exploration company which operates the Montana Tunnels Mine, which is a 50% joint venture with Elkhorn Tunnels, LLC, in Montana, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico.
FORWARD-LOOKING STATEMENTS
This press release includes "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "continue," or the negative of such terms, or other comparable terminology. All statements regarding estimated repair times for the Montana Tunnels ball mill and continuance of production at Montana Tunnels are forward-looking statements that involve various risks and uncertainties. There is no assurance that the proposed repair of the Mill will be completed on schedule. All forward-looking statements included in this press release are based on information available to Apollo on the date hereof. Apollo assumes no obligation to update any forward-looking statements.
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