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MWM

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Alias Born 03/31/2006

MWM

Re: MWM post# 47

Thursday, 11/18/2010 12:42:28 PM

Thursday, November 18, 2010 12:42:28 PM

Post# of 176
Are you up in Canada? maybe u can call them...

This is the best piece of PR that I have found. They have an option to own 100% of the mine from AUMN but i don't have an idea of a production timeline, sounds like they might be a ways off but the property has been mined before, later on in this PR it outlines about a $60 million start up cost, and they just raised about $30 million with warrants at .25...

The Pulacayo-Paca property is located in southwest Bolivia, approximately 20 kilometres east of the town of Uyuni in the Department of Potosi. (Figure 1) .The property includes the past producing Pulacayo Mine which was the second largest silver mine in Bolivia’s history with past production exceeding of 600 million ounces of silver [NTD: source?]. Apogee has been exploring the property since September, 2005 when it entered into a joint venture agreement with Golden Minerals Ltd. (formerly Apex Silver Mines) to earn a 60% interest in the property. In January 2010, Apogee and Golden Minerals reached an agreement whereby Apogee can acquire 100% of the property. (See Press Release dated January 26, 2010). The property hosts two epithermal silver-lead-zinc deposits with National Instrument 43-101 mineral resources, the Paca and Pulacayo Deposits. (See Press Releases dated February 19, 2007 and October 28, 2008, and the NI 43-101 technical reports dated March 2007 and December 2008 filed under the SEDAR profile of the Company at www.sedar.com.). The Pulacayo Deposit contains a higher grade zone that can be accessed from the historical underground mine workings and that is the focus of the current preliminary economic analysis.

http://www.apogeeminerals.com/docs/news/jun24_2010.php

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