Apollo Silver Announces Ejido Vote on Mining Moratorium at Cinco de Mayo
Apollo’s community vote lifts the 12-year exploration moratorium at Cinco de Mayo, advancing the project’s social license.
Apollo Silver Corp. announced that the Ejido Benito Juarez in Chihuahua, Mexico, has scheduled a community assembly for September 20, 2026. The assembly will vote on lifting a 12-year moratorium on mineral exploration and development affecting the company's optioned Cinco de Mayo project. The vote also covers the acceptance of a long-term access agreement, which management describes as the "single largest impediment" to advancing the project.
The release reiterated historical Mineral Resource estimates for the Upper Manto deposit: * 12.45M tonnes at 132 g/t Ag, 2.86% Pb, 6.47% Zn, and 0.24 g/t Au
The company highlighted the Pegaso Zone as a high-priority target for potential new discovery. Apollo Silver will not participate in the assembly or voting process, with future activities contingent on the vote results and subsequent regulatory approvals.
Apollo Silver Corp. (APGO) announced a procedural step in the social licensing process for its Cinco de Mayo project, specifically scheduling a community vote. The moratorium and the requirement for community engagement have been publicly known since the option agreement was established. While the vote does not guarantee a favorable outcome, it indicates that community dialogue is progressing.
The company also provided historical resource data and mentioned the Pegaso Zone. These updates are consistent with prior technical disclosures and do not constitute new drill results or resource upgrades. Given the market’s prior awareness of the moratorium and the scheduled nature of the vote, the release is considered incremental and expected. It maintains the development pathway but does not materially alter the near-term risk profile or valuation.
Apollo Silver Corp. is a pre-revenue exploration and evaluation company focused on two primary assets: the Calico Silver Project in California, USA, and the optioned Cinco de Mayo project in Chihuahua, Mexico.
The Calico Project hosts one of the largest undeveloped primary silver resources in the U.S., with a 2025 Mineral Resource Estimate of 125 million ounces of silver in Measured & Indicated categories (55M tonnes at 71 g/t Ag). The project also contains significant barite (2.7M tonnes indicated) and zinc (354M lbs indicated) credits. The company has initiated a PEA, completed airborne geophysical surveys, and is advancing metallurgical and geotechnical studies.
The Cinco de Mayo Project is a large, high-grade carbonate replacement deposit (CRD) option. Historical resources indicate 52.7 million ounces of silver in the Upper Manto deposit. The project is currently under a 12-year exploration moratorium, with social license and a long-term access agreement being the primary prerequisites to exercise the option and commence a committed 20,000m drilling program.