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Welcome to Apolo Gold and Energy Inc. |
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Apolo Gold & Energy Inc, (the Company) was incorporated in March 1997 under the laws of the State of Nevada as Apolo Gold Inc., for the purpose of financing and operating precious metals concessions. In May 2005, the Company amended its articles of incorporation to change the name of the Company to Apolo Gold & Energy Inc.
Apolo Gold & Energy Inc currently has two separate mining projects under development:
NUP property in Sumatra, Indonesia wherein the Company in 2002 acquired the development rights to a gold-silver property for a total consideration of $375,000. This amount is payable over a six year period. The Company commenced a drilling program in 2003 and is currently undertaking a follow-up drilling program from May to July, 2006.
Beowawe property in Northern Nevada wherein the Company signed an Option Agreement with Atna Resources Ltd, wherein Apolo Gold & Energy Inc could spend $2,200,000 over a four-year period to earn a 55% joint venture interest in the property. This joint venture interest will increase to 70% should they produce a bankable feasibility study on the property.
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