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APOLO GOLD & ENERGY INC
1209-409 Granville St. Vancouver, B.C. V6C 1T2
APOLO STARTS ITS SUMMER DRILL PROGRAMS Vancouver, B.C. June 20, 2006 - Apolo Gold & Energy Inc. (OTC BB: APLL), advises that drilling is proceeding on its NUP property in Sumatra Indonesia. The drilling contractor is Intan Mulia CV, a drilling company from Jakarta. The program is under the technical direction of Apolo's consulting geologist, Sonny Gerson. The program calls for a minimum of 10 holes, all south of the existing adit on the property and is estimated to cost about $100,000 to complete. Each of the holes is designed to intersect several veins at points below the artisanal workings. These artisanal workings are in general at depths from surface down to 30 meters. Hole # AG1-02-06, angled at 45° intersected #1 vein at approximately 67 meters down the hole. The hole is currently at 82 meters and is expected to intersect vein #2 at or about 90 meters down the hole. Two holes have been drilled to date and the next hole will be approximately 65 meters to the south of hole #2. The drilling program underway will attempt to determine additional depth in the ore zone. The HQ diameter core is now being logged and sample intervals will be split and sent for assay at PT. Intertek Utama Services, an accredited laboratory located in Jakarta, Indonesia. Beowawe Property BLM drill permits have been obtained for the proposed drill sites in a planned drilling program to be carried out later this summer on the Beowawe property in Nevada. The Company is negotiating with a drilling contractor regarding cost and timing of the availability of their drilling equipment. The Beowawe property encompasses one of the largest and hottest active hot spring systems in the Great Basin. Surficial sinters and near-surface siliceous veins are still being precipitated in one section of the property. The property covers the intersection of the Northern Nevada Rift with the more locally prominent Malpais range-front fault zone. Other Projects The Company continues to review several projects, including a significant opportunity in China. This was the result of a successful visit to China in the spring by senior management and a consulting geologist, which was coordinated by our newly elected director and investor, David Yu, of Hong Kong. Projects elsewhere in the world are also being reviewed to determine their fit with the corporate strategy of the Company. APOLO GOLD & ENERGY INC For further information, please contact: Brant W. Little B.B.A. Advisor to the Board e-mail: Tel: 604-687-4150 Website: http://www.apologoldandenergy.com/ Fax: 604-687-4155 Safe Harbor Statement All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-K for 2005 as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. - 30 - |
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