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Vancouver,
BC - Tuesday, June 30, 2009, 12:30 a.m. PDT
N:\PRECS\MI FORMS - Form 51-102F3 Material
Change Report (mj March
2004)
Apella Resources Inc.(TSX.V: APA);
(Frankfurt Symbol: NWN)and its Board of Directors are pleased to
announce that Phase 2 of its 2009 exploration work has commenced on its
Lac Dore North Iron-Vanadium-Titanium (Fe-V-Ti) Project. Apella's crews
have now completed all of the necessary access road building and improvements
that were necessary for access. Drill contracts have been signed and
the initial 10-hole NQ-core drill program will commence on July 4th.
The Lac Dore North encompasses 18
claims covering an area of approximately 300 hectares (741 acres),
covering the northeast extension of the renowned Lac Dore
Vanadium-Titanium-Iron (Fe-V-Ti) Deposit, over a strike length of 2.6
kilometers (1.6 miles). The nearby, 5.5 billion pound Lac Dore
(Fe-V-Ti) deposit, is reported to be the world's second largest vanadium
deposit.
Crews are also on site completing the
Phase 1 work which Apella announced on June 19th. The
10-hole drill program will be coupled with a comprehensive mapping
program.
Readers
are referred to Apella press release of January 22, 2009 in which Apella
reported its exceptional Iron-Vanadium-Titanium (Fe-V2O5-TiO2)
results obtained from its extensive clearing and channel sampling
program carried out in the area about to be drilled. Vanadium values
obtained ranged from 0.05% to 0.610%, which after conversion to V205,
returned values from 0.089% to 1.089%. The average grade of Vanadium
Pentoxide (V205) is 0.55% V2O5.
Titanium (Ti02) values range from 1.33% to
12.30%; the average grade of Titanium (Ti02) is
6.40% Ti02. Iron (Fe) values range from 13.23% to
56.50% Fe; the average grade of Iron (Fe) is 32.81% Fe.
During
that fall 2008 exploration program, Apella's field crew stripped and
cleared off two large areas, covering several hundred square meters of
magnetite-bearing mineralization, as well as four smaller zones. The
stripped areas cover part of the P1 Zone which is found at the base of
the Layered Series of the Lac Dore Anorthositic Complex. Normally this
zone varies from 30 to 90 meters in thickness. It is the only zone
which contains economic values of Vanadium. The P1 Zone is made of an
alternation of leucocratic ferrogabbro, magnetite rich ferrogabbro,
ferropyroxennite, magnetite rich pyroxenite and magnetites. The channel
sampling cut part of this alternation like a horizontal drill hole. It
is consequently normal to obtain samples presenting rich and low
Vanadium contents.
For
ease of reference, the samples obtained by Apella in its fall 2008
channel sampling program are listed in the table below: