Apollo Gold - Black Fox

Apollo Gold Corporation Press Release

Trading Symbol: APG:TSX / AGT:AMEX

Apollo Gold - Provides Additional Underground Core Drilling Results for Black Fox

November 12, 2004, Denver, Colorado - Apollo Gold Corporation ("Apollo" or the "Company") (TSX:APG) (AMEX:AGT) is pleased to announce an update to the underground core drilling program for it's Black Fox project near Timmins, Ontario, Canada. All reported core drill results may be found on the Apollo Gold website (www.apollogold.com).

Richard Nanna, Senior Vice-President of Exploration and Development for Apollo Gold, stated: "In the two years since Apollo Gold acquired the Black Fox project, we have drilled over 500,000 feet of surface and underground core. Current underground infill drilling was completed with four rigs from the exploration drift on the 235 level. Drilling has been curtailed so that the project modeling can be brought up to date, with the anticipation of a completed feasibility study by mid-next year. This drilling continues to confirm the underground resource in an area between depths of 200 to 450 meters and along a strike length in excess of 700 meters. The continued success of our core drilling at the Black Fox project is very exciting."

Highlights of the underground drilling are shown in the table below.

hxxp://www.apollogold.com/Apollo_Gold/RIGHT/news/news111204.htm

Apollo Gold Completes Cdn$750,000 Flow-Through Financing

Cdn$1=$1.21

Tuesday January 4, 6:30 am ET


DENVER--(BUSINESS WIRE)--Jan. 4, 2005--Apollo Gold Corporation ("Apollo" or the "Company") (TSX: APG; AMEX: AGT) is pleased to announce the completion on December 31, 2004, of the offering of 714,283 flow-through common shares of the Company at Cdn$1.05 per share for aggregate proceeds to Apollo of Cdn$750,000. The gross proceeds from the sale of the flow-through shares will be used by Apollo for exploration of Apollo's mineral properties at the Black Fox project located near Timmins, Ontario, which expenses will qualify as "Canadian Exploration Expenses" as defined in the Income Tax Act (Canada) and which will be renounced in favor of the purchasers of the flow-through shares effective on or before December 31, 2004.  

Press Release Source: Apollo Gold Corporation

Apollo Gold Completes US$6.225 Million First Tranche Unit Financing
Wednesday January 5, 6:30 am ET

DENVER--(BUSINESS WIRE)--Jan. 5, 2005--Apollo Gold Corporation ("Apollo" or the "Company") (TSX: APG; AMEX: AGT) is pleased to announce the closing of the first tranche of its previously announced offering (the "Offering") of 10,625,000 units (the "Units") at US$0.75 per Unit. The Offering is being underwritten on a best efforts basis. The price of the Units was amended to US$0.75 per Unit from the previously announced US$0.80 per Unit.

The Company placed today 8,299,999 Units for aggregate gross proceeds of US$6,225,000 for the first tranche of the Offering. Each Unit consists of one common share and three quarters (0.75) of one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share of Apollo at an exercise price of US$1.00 until December 31, 2006. The second tranche is expected to be completed on or about January 10, 2005, (which is earlier than the originally announced closing date for the second tranche of January 25, 2005). Apollo has granted the underwriter an option to increase the total size of the Offering by an additional 1,875,000 Units for a total of up to 12,500,000 Units, such option to be exercisable by the underwriter up to 48 hours prior to the closing of the second tranche.  

erhöhter Verlust,extrem hohe Förderungskosten,Schwergewicht der Tätigkeit ist Geldbeschaffung durch Kapitalerhöhung ,gerade mal wieder ne neue 1.Tranche mit 9 Millionen shares!ständige Verwässerung des Aktienwertes,was soll denn eigentlich daran so toll sein?
Immer wieder diese fragwürdigen Goldpushs von englisch sprechenden Pushern!

Denver, Nov 15, 2004 (M2 PRESSWIRE via COMTEX) -- Apollo Gold Corp. (TSX: APG, AMEX:
AGT) released its third quarter results Thursday after the close, reporting only 19,787
ounces of gold production for the period, which CEO R. David Russell called, "an improvement."
The Company reported a net loss of $6.1 million or $0.08 per undiluted share for the third quarter 2004 compared to the net gain of $0.4 million or $0.01 per undiluted share for the third quarter 2003. The year to date 2004 net loss is $14.0 million ($0.18 per undiluted share) compared to a $2.5 million ($0.05 per undiluted share) net loss for the equivalent period in 2003.

Apollo stated that production costs were $465 per ounce of gold, blaming its stripping program at Montana Tunnels for the higher average. Though the company did say that it should hit reserve ore in the third week of November which should improve results.

Russell said that his company had focused on financing in the last quarter, raising a total of $10.5 million in equity and debt capital.

Apollo completed a US$3.0 million private placement bridge facility in October 2004, as well as a private placement special note and warrant financing for aggregate gross proceeds of US$10.5 million in November 2004. After costs and commissions were deducted, it netted $8.6 million in cash. It finished the quarter with $1.4 million in cash as most of the funds were deployed on its development properties, Florida Canyon, the Standard and Black Fox.

In response to the unexpected low share price for Apollo stock Mr. Russell stated, "Our operations continue to show improvement with especially encouraging results from the new Standard Mine operation. The heap leach fields are increasing in size allowing more of the ore to be leached and subsequently continue the planned ramp up in gold production. The Montana Tunnels operation also continues to show improvement with improved ore grades and reduced waste tonnage which subsequently increases revenues and lower costs. Our operating mines as well as the Black Fox and Huizopa exploration projects continue to track on the expected targets that have been set by management for 2005. The delivery of gold into the ''straddle position'' with the Standard Bank of London will be completed on schedule, at the end of this month."

Highlights from the most recent Black Fox gold zone drilling results are shown in the table below. The complete list of assay results for the Black Fox project is available on the Apollo website: www.apollogold.com.

hxxp://biz.yahoo.com/bw/050407/75378.html?.v=1