Apollo Silver Reports Ejido Benito Juarez to Reconvene Assembly on Cinco de Mayo Access Agreement
Apollo’s Ejido vote was adjourned, pushing the Cinco de Mayo access decision to October.
Apollo Silver Corp. (APGO) announced that the Ejido Benito Juarez community assembly concerning the potential lifting of the 12-year moratorium on the Cinco de Mayo project was adjourned due to a lack of quorum. The Ejido is scheduled to reconvene in October, at which point Mexican agrarian law dictates that the second assembly requires only a simple majority of attendees rather than a full quorum.
The company’s release also highlighted historical drilling data for the Pegaso Zone, identifying a 61.6-meter intercept grading 349 g/t AgEq. This zone is classified as a high-priority target situated outside the 2012 Mineral Resource Estimate. Management emphasized that multi-assembly Ejido processes are standard procedure and reaffirmed its ongoing community engagement and water solution planning.
Apollo Silver Corp. (APGO) noted that the recent adjournment is an expected procedural step in Mexican Ejido governance and does not alter the long-term path to unlocking the Cinco de Mayo project. The company had already anticipated potential delays, maintaining active dialogue with the Consejo de Vigilancia and advancing water infrastructure commitments.
Regarding the Pegaso Zone, the intercept reinforces exploration upside but remains historical data; it has not been verified by a Qualified Person for current resource classification. Overall, the news is incremental and aligns with prior expectations, carrying no material negative impact on operations, financing, or valuation.
Apollo Silver Corp. (APGO) is a pre-revenue exploration company advancing two primary assets: the Calico Silver Project in California and the optioned Cinco de Mayo project in Chihuahua, Mexico.
Calico hosts one of the largest undeveloped primary silver resources in the U.S., with 125 moz Ag in Measured & Indicated categories and significant by-product credits in barite and zinc. The project is currently advancing a PEA and metallurgical studies.
Cinco de Mayo is a major carbonate replacement deposit with a historical inferred resource of 12.45 Mt at 132 g/t Ag. The project has been under a surface access moratorium since 2012, which the company is actively working to lift through community engagement and Ejido assemblies.