Apollo Silver Corp. (APGO:TSX.V; APGOF:OTCQB) announced on May 11, 2026, the results of its ground geological mapping and sampling program at the Calico Silver project in San Bernardino County, California. The program ultimately identified multiple mineralized occurrences returning assays with highly anomalous silver, gold, barite, and zinc values. Two of the activities were infill rock sampling at the Burcham gold prospect (within the company's Waterloo property) and regional-scale assessment at the Mule property. The press release said: "The Mule Property assessment included geological mapping and outcrop sampling along the Calico fault trend, soil geochemistry surveys, and outcrop sampling within the lithostratigraphic unit known as the Pickhandle Formation Volcanics (Pickhandle)."
Highlights of the results include:
Mule Property:
- High-grade silver (Ag) values up to 1,280 grams per tonne (g/t) Ag identified at the Mule Property within the Pickhandle.
- Program results support that the Pickhandle unit at Mule is a host of high-grade silver and barite veins and thus is a target that warrants systematic follow-up.
Burcham Mine Area (Waterloo Property):
- Multiple highly anomalous gold (Au) results at Burcham, including assay results of 4.85 g/t, 3.70 g/t, and 3.59 g/t Au.
- High-grade zinc values up to 30.0% zinc (Zn) confirmed in specularite manto zones.
Waterloo Property & Langtry Property:
- Sampling of the Lower Barstow-Pickhandle contact, within the northeast portion of Waterloo, returned moderate silver assays, including 149 g/t Ag, 139 g/t Ag, and 80.7 g/t Ag.
- Highly elevated barite assays of up to 27.78% and 76.12% BaSO4 were observed at Langtry and 35.68% BaSO4 at Waterloo. Barite comprises part of the Mineral Resource Estimate at Waterloo, whereas less is known about the occurrence of barite at Langtry. These results confirm that anomalous barite mineralization is present at Langtry.
In the release, Apollo Silver President and CEO Ross McElroy said, "This exploration field program has advanced our understanding of the potential for additional significant mineralization at Calico. Encouraging gold and silver results, including high-grade silver at the Mule Property, along with elevated barite values at Langtry, reinforce our confidence in the upside prospectivity for additional discoveries at Calico."
The Calico Project is a large silver project located in San Bernardino County, California, approximately 9 miles northeast of the city of Barstow, in a region known as the historic Calico Silver Mining District. The project comprises 525 mineral claims in three separate properties (Langtry, Waterloo, and Mule) and totals 8,419 acres.
Apollo Silver asserts that its Calico project hosts one of the largest undeveloped primary silver resources in the U.S. The company's 2025 Mineral Resource Estimate (MRE) for Calico showed 125 million ounces of silver in the Measured and Indicated category within 55 million tonnes grading 71 g/t silver, and 58 million ounces of silver in the Inferred category within 25 million tonnes grading 71 g/t silver. Significant amounts of barite, zinc, and gold were also found. The deposit hosts an Indicated Resource of 2.7 million tonnes of barite and 354 million pounds of zinc within 36 million tonnes grading 7.4% barite and 0.45% zinc, and an Inferred Resource of 0.65 million tonnes of barite and 258 million pounds of zinc within 17 million tonnes grading 3.9% barite and 0.71% zinc.
Apollo Silver is a mining company focused on underdeveloped assets in both the U.S. and Mexico.
Silver Sector Staying Strong
Yahoo Finance's Tim Manni reported on May 13, 2026, that, ". . . silver July futures opened at US$87.32 per ounce on Wednesday, up 2% from yesterday’s closing price of US$85.59. The price of silver as of 6:47 a.m. ET was US$87.70. Today is silver’s highest opening price since March 11."
Gold and silver are both considered safe-haven metals, but silver is rising specifically due to industrial demand, especially during the current AI boom. Silver is necessary as a conductor in electronics, electrical equipment, and solar panels, among many other uses. This demand led to the price of silver more than doubling in 2025, starting the year at US$30 and ounce and beginning 2026 at US$79.
Streetwise Ownership Overview*
Apollo Silver Corp. (APGO:TSX.V; APGOF:OTCQB)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 09/15/25 | APGO | 5 | APGO | 1 |
| 05/26/20 | IRR | 1 | APGO | 1 |
| 05/01/17 | IRR | 1 | IRR | 2 |
| 07/21/16 | IRR | 10 | IRR | 1 |
| 12/20/13 | IRR | 8 | IRR | 1 |
| 01/03/11 | IRR.H | 1 | IRR | 1 |
| 11/04/10 | DWN.H | 1 | IRR.H | 2 |
| 07/13/10 | AHL | 20 | DWN.H | 1 |
| 11/24/03 | CVU | 1 | AHL | 1 |
"Experts with BlackRock and J.P. Morgan agree that the outlook for silver remains strong, and its price will increase," wrote Kat Tretina for Yahoo Finance on May 13, 2026. Tretina went on to quote experts in the field, saying, "It could reach US$100 per ounce by 2030."
Experts Like "Absurdly Cheap" Stock
On May 11, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? wrote about the company: "APGO.v also had a great presentation on my panel. The most exciting part seems to be the social license in Mexico. If they can get it, it can potentially add 400 million values to the company, which has only CA$200+ market cap. We are getting close; I hope they can get it as early as this month and shares get back to old highs."
Also, in a statement to Streetwise Reports on March 26, Bob Moriarity of 321Gold.com wrote, "After touching CA$7.10 in late January as silver climbed over CA$121 an ounce, Apollo Silver plunged to a low of CA$2.76 a few days ago. I happen to be a giant fan of buying things that are cheap and selling things that are dear. At CA$7.10, Apollo was quite high, notwithstanding the fact that the company has almost 190 million ounces of silver in two world-class deposits. I actually visited the Cinco De Mayo CRD project with Dr. Peter Megaw about 20 years ago. He is the world's leading expert on CRD deposits. He liked it, I liked it, and investors liked it. Apollo is now absurdly cheap."
Movement at Apollo's Mexico Project
The company's investor presentation lists upcoming 2026 catalysts as continuing drill planning and permitting for its Cinco de Mayo project in Q3 2026, as well as embarking on a 20,000-meter drill program at Cinco de Mayo in Q4 2026.
Ownership & Share Information1
Apollo Silver Corp. has a market cap of CA$231.25 million, with 63.18 million shares outstanding. The company's 52-week range is CA$1.58-CA$7.10.
Institutions own 17.96% of shares, while Strategic Investors hold 9.80%. Management & Insiders own 6.43% of shares, and the remaining 65.81% are held by Retail.
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Important Disclosures:
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
