Bolivian Supreme Decree Reaffirms San Cristobal Mining
Concession Rights
Bolivian President Evo Morales issued a Supreme Decree on
May 1, 2007 declaring a Mining Fiscal Reserve over the
entire national territory to include all mineral resources,
granting the Bolivian Mining Corporation (COMIBOL)
the authority and right to administer and exploit
the Fiscal Reserve.
The Supreme Decree provides that mining concessions granted
prior to enacting the Supreme Decree, which includes
the San Cristobal mining concessions, will be respected
and will remain in effect.
Apex Exploration Activities Increase
Drill testing of eight projects in Argentina, Peru and
Mexico continues.
At the El Quevar property in Argentina, 22 drill holes
have provided encouraging values and a camp is being
established to facilitate infill drilling
on 50-meter centers.
There are several areas of interest with the current
focus being on the one kilometer long Yacthe Zone
which remains open along strike and at depth.
A second drill is being brought in to test other areas at
El Quevar including large silver, lead and zinc bearing
breccia zones and associated veins.
We have earned our 65% interest in the property from our
partner, Minera Hochschild.
Drills are operating at three properties in Mexico
with assays pending.
Apex Silver is a mining exploration and development company.
Its 65%-owned San Cristobal project is the world’s
largest development in silver and zinc.
The Ordinary shares of Apex Silver trade on
the American Stock Exchange under the symbol "SIL".
This press release contains forward-looking statements regarding the company, within the meaning of Section 27A --
-- can be found in the company’s Form 10-K filed with
the SEC for the year ended December 31, 2006.
Apex Silver Mines Corporation
Jerry Danni, 303-228-0336
Senior Vice President Corporate Affairs
Source: Business Wire (May 7, 2007 - 1:34 PM EDT)
http://www.investorshub.com/boards/board.asp?board_id=5810
http://www.investorshub.com/boards/board.asp?board_id=5406
Concession Rights
Bolivian President Evo Morales issued a Supreme Decree on
May 1, 2007 declaring a Mining Fiscal Reserve over the
entire national territory to include all mineral resources,
granting the Bolivian Mining Corporation (COMIBOL)
the authority and right to administer and exploit
the Fiscal Reserve.
The Supreme Decree provides that mining concessions granted
prior to enacting the Supreme Decree, which includes
the San Cristobal mining concessions, will be respected
and will remain in effect.
Apex Exploration Activities Increase
Drill testing of eight projects in Argentina, Peru and
Mexico continues.
At the El Quevar property in Argentina, 22 drill holes
have provided encouraging values and a camp is being
established to facilitate infill drilling
on 50-meter centers.
There are several areas of interest with the current
focus being on the one kilometer long Yacthe Zone
which remains open along strike and at depth.
A second drill is being brought in to test other areas at
El Quevar including large silver, lead and zinc bearing
breccia zones and associated veins.
We have earned our 65% interest in the property from our
partner, Minera Hochschild.
Drills are operating at three properties in Mexico
with assays pending.
Apex Silver is a mining exploration and development company.
Its 65%-owned San Cristobal project is the world’s
largest development in silver and zinc.
The Ordinary shares of Apex Silver trade on
the American Stock Exchange under the symbol "SIL".
This press release contains forward-looking statements regarding the company, within the meaning of Section 27A --
-- can be found in the company’s Form 10-K filed with
the SEC for the year ended December 31, 2006.
Apex Silver Mines Corporation
Jerry Danni, 303-228-0336
Senior Vice President Corporate Affairs
Source: Business Wire (May 7, 2007 - 1:34 PM EDT)
http://www.investorshub.com/boards/board.asp?board_id=5810
http://www.investorshub.com/boards/board.asp?board_id=5406
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