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Apollo Minerals Ltd secures joint venture funding for west african iron project

Sunday, 4 May 2014 06:00pm EDT 

Apollo Minerals Ltd:Says that it has agreed with Zoradox Ltd, the terms of a farm-in joint venture agreement for the Kango North iron ore and gold project in Gabon, central west Africa.The Kango North Project covers square kilometers 400 and is situated very close proximity to sheltered waters, the national electricity grid, well-maintained roads and operational, open access rail.The Project is located only 70 kilo meter from the capital city, Libreville.Under terms of the Agreement, Zoradox may earn a 50.01 pct. equity interest in Apollo Gabon SA which owns the Project by sole funding.$750,000 of exploration and development activities during the remainder of 2014.And further $3,250,000 before the end of 2017. 

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27 May 2015