Apollo Silver Eyes PEA as Silver Market Strengthens

Apollo Silver Corp CEO Ross McElroy joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s flagship Calico Project in California and the steps being taken to advance the silver-dominant asset toward development. McElroy explained that the Calico Project is located in the Mojave Desert in San Bernardino County, a mining-friendly jurisdiction between Los Angeles and Las Vegas. The project already hosts a significant resource, with 125 million ounces of silver in the measured and indicated category and another 58 million ounces inferred. McElroy described Calico as an advanced exploration project that is now transitioning toward development studies. The company is preparing for a Preliminary Economic Assessment (PEA), which McElroy expects could be initiated around mid-2026. He highlighted that the deposit is largely near-surface, which could support future mining development, while upcoming technical work will focus on engineering studies rather than major resource expansion. Planned programs include geotechnical drilling and collecting rock samples for metallurgical testing to support mine design work. Although silver represents about 85% of the project’s value, McElroy noted that the system also contains additional metals. These include zinc and gold, along with a critical mineral used in drilling fluids that is largely imported into the United States. As McElroy explained: “It’s a silver dominant project… but there are other kickers in there.” The company has also been accepted into a US government consortium linked to the Department of Defense that supports development of critical minerals projects, which could help streamline permitting and potentially provide government support. #proactiveinvestors #apollosilvercorp #tsxv #apgo #otcqb #apgof #pdac2026 #ApolloSilver #SilverMining #CalicoProject #SilverStocks #MiningNews #ResourceDevelopment #CriticalMinerals #GoldAndSilver #MiningInvesting #CommodityMarkets