Apollo Gold enters into binding agreement with St. Andrew Goldfields.

• Position: IN BRIEF - Brief article

With its Black Fox project 64 kilometres east of Timmins slated to begin production by early 2009, Apollo Gold Corporation has officially entered into a binding asset purchase agreement with St. Andrews Goldfields.

The agreement follows up on a letter of intent announced in March, and finds St. Andrews agreeing to sell its Stock Mill complex for $20 million. The sale includes the mill, related equipment, infrastructure, laboratory and tailings facilities. The mill is located 28 kilometres west of the Black Fox site.

Apollo has commissioned the U.K.-based GBM Mineral Engineering...