TSX-V-listed Apollo Gold has entered into a letter of intent (LoI) with First Majestic Silver, confirming its intention to enter into a three-year earn-in option to acquire the Jalisco group of properties, in Mexico.
The Jalisco assets include six properties and 15 highly prospective claims, 13 of which First Majestic owns 100% and two in which it has a 45% interest.