Apollo Silver Uncovers High-Grade Silver, Gold, and Barite at Calico Project
Event summary
- Apollo Silver reported high-grade silver (1,280 g/t), gold (4.85 g/t), and barite (76.12%) results from its Calico Silver Project in California.
- The Mule Property's Pickhandle Formation volcanics emerged as a key exploration target with significant silver and barite mineralization.
- Burcham Mine Area within the Waterloo Property showed multiple anomalous gold results and high-grade zinc values up to 30.0%.
- A Preliminary Economic Assessment (PEA) for the project is expected to be completed in Q3 2026, with drilling rescheduled to Q3 due to permitting delays.
The big picture
Apollo Silver's findings at the Calico Project reinforce its position as a significant player in the U.S. silver mining sector. The discovery of high-grade mineralization alongside critical minerals like barite and zinc aligns with broader industry trends toward diversified mineral resources essential for domestic supply chains. The project's scale and strategic location in California could make it a key asset in the evolving landscape of U.S. mineral production.
What we're watching
- Resource Expansion
- Whether the high-grade results at Mule and Burcham will lead to significant resource upgrades and justify further investment.
- Permitting Delays
- The impact of delayed drilling permits on the project timeline and the potential for further delays due to seasonal constraints.
- Economic Viability
- The outcomes of the PEA and how they will influence the project's path to feasibility and potential production.
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