Apolo Gold to commence Lampung gold production December

Vancouver-based mining company Apolo Gold Inc. would likely to commence gold production at its Napal Umbar Picung project in Lampung province, Sumatra in December, the company release said.

The company also said it had sufficient funds on hand to undertake a 200-300 ton per day operation. Testing and assessment of required upgrades to the mill should be completed by the end of November 2003 and site preparation for the commencement of production soon thereafter.

In the first 12 months of operation the Company expects to produce 15,500 oz of gold and 330,000 oz of silver from open-pit mining operations. (alex)