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Trading on the Symbol : AEX Quick links to press 05-MAR-2008
06-DEC-2007
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Appleton Exploration Inc. to Acquire Three Chilean Properties March 4, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. has signed a Letter of Intent to acquire the Chilean subsidiary of ProElement Resources Corp. which contains three precious metal or base metal properties in Region III of Chile, located near the city of Copiapo. Julia Garin Perth Caliza The rock sampling undertaken and reported on the three projects was not completed by a Qualified Person as defined in NI 43-101, nor has the data been verified and should not be relied upon. Appleton’s in house and independent Qualified Persons will be travelling to Chile to commence the property due diligence review on March 6th. This review will include verification of the sampling completed for ProElement. Under the terms of the agreement, Appleton will issue 3,000,000 common shares in the capital of the Company, at a deemed price of $0.15 per share, to ProElement for a 100% undivided interest in ProElement’s Chilean subsidiary company, which holds the exploration concessions and exploitation concessions comprising the three properties. The agreement is subject to: 1. A title opinion confirming ProElement ownership of the concessions; On Behalf of the Board of Directors, For Further Information Contact: For Investor Relations Information contact: R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
Press Release Archives ~2008~ Q1 • Q2 • Q3 • Q4 ~ 2007 ~ |
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Appleton Exploration Inc. Encounters Strong Gold February 28, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. has now received all of its 2007 assay results from its Spences Bridge Gold Belt Project. The Company is reporting the Dora property soil channel trenching results, the Stobart property soil grid results and the Fame excavator trenching results. The Company is exploring the various properties of its Spences Bridge Gold Belt Project for low sulphidation epithermal gold. Dora The late fall 2007 soil trenching outlined strong gold values on Anomalies E and F. Anomaly E was explored by placing two sets of 2 crossing soil trenches 70 metres apart centred on the anomaly. Trench 07-E-01A returned a 13 metre interval averaging 393 ppb Au. Trench 07-E-1B returned an 8 metre interval averaging 159 ppb Au and a second 6 metre interval averaging 310 ppb Au. Trench 07-E-02A returned a 14 metre interval averaging 1014 ppb Au and included a 4 metre section averaging 3110 ppb Au. Trench 07-E-02B returned a 14 metre interval averaging 714 ppb Au. The results have been interpreted to represent a north trending gold-bearing structure that is at least 10 metres wide and 70 metres long where elevated gold-in-soil average 666 ppb Au. Two trenches cross each other and are centred over Anomaly F. Trench 07-F-2A returned a 19 metre interval averaging 2993 ppb Au and included a 6 metre interval averaging 7356 ppb Au. Trench 07-F-2B returned an 18 metre interval averaging 905 ppb Au and a second 17 metre interval averaging 633 ppb Au. These results have been interpreted to represent another north trending gold-bearing structure that is at least 11 metre wide and 25 metre long with elevated gold-in-soil averaging 1976 ppb Au. Collectively, this new data supports 3 strong north trending parallel anomalies, which will be followed up by trenching and drilling this year. Stobart Fame The Company completed a small soil survey and eight excavator trenches, concentrating on the Kelsch and Double D zones. None of the three trenches in the Kelsch zone reached bedrock. Bedrock exposure ranged from 45% to 86% in the 5 Double D zone trenches. Bedrock consisted of weakly to strongly bleached, oxidized and silicified volcaniclastics. Local quartz pods and veinlets were encountered. All samples consist of 1 metre continuous bedrock chips. Values ranged from 15 to 810 ppb Au. A continuous 4 metre interval averaged 400 ppb Au in one trench. A continuous 5 metre interval averaged 460 ppb Au in another trench. The results suggest the presence of epithermal gold mineralization in the Double D zone. Further work is required to zero in on zones of stronger mineralization within the zone. Appleton has 100% ownership of the Dora and Stobart properties, subject to a 1.5% NSR royalty. Appleton is earning an undivided 100% interest, subject to a 2.5% NSR, in the Fame 1-3 claims. The 2007 Spences Bridge Gold Belt project was directed by Steve Butrenchuk, P.Geol., under the supervision of R. Tim Henneberry, P.Geo. Mr. Butrenchuk and Mr. Henneberry are both Qualified Persons as defined in National Instrument 43-101. All assaying was conducted by Eco Tech Laboratories Ltd. in Kamloops, British Columbia. QA/QC protocols including duplicates and standards were employed by Appleton. Expenditures for the Company’s Spences Bridge Gold Belt project were partially funded through a private placement by the MineralFields Group, a Toronto-based fund. Information about the MineralFields Group is available at www.mineralfields.com. On Behalf of the Board of Directors, For further information, please contact: For Investor Relations Information contact: R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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Appleton Appoints Business and Financial Advisor February 7, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V: AEX) has entered into a business and financial advisory services agreement with Forest Hill Partners Ltd., of the Fraser Valley, British Columbia, subject to acceptance for filing by the TSX Venture Exchange. Pursuant to the terms of the agreement, Forest Hill will act as a nonexclusive business and financial advisor to the Company for an initial three month period, renewable for further two month terms, at a fee for services of $2,500 per month. The agreement may be terminated by either party upon 30 days written notice. Forest Hill Partners, Ltd. is an employee-owned investment and merchant banking firm based in the Fraser Valley. Specializing in providing growth finance to growth companies, Forest Hill is experienced in corporate finance, shareholder and management buyouts, mergers and acquisitions, recapitalizations, divestitures and other special situations. Forest Hill will advise and assist Appleton in locating one or more brokers to provide market support; advise and assist in the procurement of an investor relations firm to work with the Company; advise and assist as required in the arrangement of financings; provide the Company with strategic advice with respect to marketing of any transactions to investors; and assist with the drafting of documentation including press releases as required. Appleton will pay Forest Hill a success fee equal to five percent of the gross proceeds of each financing completed by Appleton, which results from an introduction by Forest Hill within the term of the agreement or at any time within 24 months of termination of the agreement. In addition, Appleton will pay a procurement fee of $12,500 and grant 50,000 stock options to Forest Hill in the event that Appleton enters into an agreement with an investor relations firm, which has resulted from an introduction by Forest Hill. On Behalf of the Board of Directors, For further information, please contact: For Investor Relations Information: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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Appleton Exploration Inc. Begins to Define a Significant Epithermal System at its Dora Property January 15, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. is beginning to define a significant epithermal system at its Dora Property in its Spences Bridge Gold Belt Project, south of Merritt, B.C. Excavator trenching has defined a 130 metre wide by 200 metre long area of intense hydrothermal alteration within the southern portion of the 700 metre long soil Anomaly “G”. Several zones of bedrock gold mineralization were unearthed within this area. Assay results are now complete for the 15 trenches in the Anomaly “G” south area, one of the 3 gold-in-soil anomaly trenching targets reported in a November 14, 2007 news release. These 15 trenches followed up on earlier channel soil trenching that returned continuous sections of 39 metres averaging 178 ppb Au from soil trench 1 and continuous sections of 38 metres averaging 378 ppb Au and 34 metres averaging 83 ppb Au from soil trench 2, as reported in a news release dated September 24, 2007. Results for Trench 07-07 and Trench 07-08 were reported in a December 6, 2007 news release. A six metre continuous interval (open in both directions) in Trench 07-07 averaged 0.919 grams per tonne gold. A four metre interval in Trench 07-08 averaged 0.293 grams per tonne gold. Trench 07-10 was 67 metres long, lying 10 metres to the south of Soil Trench 2. Only 52% of the trench exposed bedrock. Gold values in the trench ranged from 1 to 578 parts per billion (ppb) Au. A continuous 5 metre interval averaged 337 ppb and a second continuous 4 metre interval (open to the west) averaged 270 ppb Au. Trench 07-08A, the western continuation of Trench 07-08 was 5 metres long. A four metre continuous interval averaged 193 ppb Au. Eighty percent of the trench exposed bedrock. Trench 07-09 was 27 metres long and lies immediate north of eastern half soil channel trench 1. Bedrock was exposed in 67% of this trench. Gold values ranged from 2 to 379 ppb Au, with a continuous 3 metre interval averaging 243 ppb Au. Trench 07-09A was 37 metres long and lies immediately north of the western half of soil channel trench 1 and immediately west of Trench 07-09. Only 53% of the trench reached bedrock. Gold values ranged from 1 to 823 ppb Au, with a continuous 5 metre interval (open in both directions) averaging 512 ppb Au. Gold values in the remaining trenches ranged from 1 to 487 ppb Au. Trench 07-12, 50 metres long, exposed a darker grey green dacite porphyry showing zones of quartz stringers and some silicification. A 1 metre continuous chip assayed 487 ppb Au. The 2007 Dora exploration program was directed by Steve Butrenchuk, P.Geol., under the supervision of R. Tim Henneberry, P.Geo. Mr. Butrenchuk and Mr. Henneberry are both Qualified Persons as defined in National Instrument 43-101. All assaying was conducted by Eco Tech Laboratories Ltd. in Kamloops, British Columbia. QA/QC protocols including duplicates and standards were employed by Appleton. Expenditures for the Company’s Spences Bridge Gold Belt project were partially funded through a private placement by the MineralFields Group, a Toronto-based fund. Information about the MineralFields Group is available at www.mineralfields.com. Appleton’s management is extremely encouraged with the 2007 trenching program in the Anomaly “G” south area of the Dora property. The assay results for the remaining seven excavator trenches in other soil anomalies are pending. The Company expects to initiate a 1500 metre diamond drill program once all trench assays have been received and compiled as Appleton continues its quest for epithermal gold in the Spences Bridge Gold Belt. On Behalf of the Board of Directors, For further information, please contact: For Investor Relations Information contact: R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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Appleton Confirms Epithermal Gold on its Spences Bridge Gold Project January 7, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. has received the assay results for the bedrock sampling program on its Stobart property, part of its Spences Bridge Gold Belt Project. As reported in an October 10, 2007 news release, Appleton sampled two quartz veins displaying typical epithermal textures. The northeast trending, 1-2 metre wide Hamm vein, discovered by previous operators, has been traced for 60 metres through four outcrop exposures. Each exposure was sampled in one metre chips and found to be consistently gold-bearing. The vein returned assay values of 380 parts per billion (ppb) gold, 5 ppb Au, 380 ppb Au and 1480 ppb Au, from southwest to the northeast, respectively. An additional sample 120 metres to the south returned a value of 1040 ppb Au from a vein that may be the faulted southern extension of the Hamm vein or may represent an additional vein. The 1 metre wide parallel Rob vein, 150 metres to the northwest, has been traced for 15 metres through two outcrop exposures. Each exposure was sampled in one metre chips and found to be consistently gold-bearing. The two vein exposures reported 880 ppb Au and 1180 ppb Au. The association of anomalous amounts of mercury and tellurium with the gold support an epithermal origin for these veins. Expenditures for the Company’s Spences Bridge Gold Belt project were partially funded through a private placement by the MineralFields Group, a Toronto-based fund. Information about the MineralFields Group is available at www.mineralfields.com. Appleton is awaiting additional assay results from its extensive 2007 Spence Bridge Gold Belt project that includes the Dora and Stobart properties. A program of mechanical bedrock trenching and sampling is in the planning stages for spring 2008. On Behalf of the Board of Directors, For further information, please contact: For Investor Relations Information contact: R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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