Exhibit 10.9

                                OPTION AGREEMENT

          THIS AGREEMENT made as of the day of , 2002.

B E T W E E N:

          APOLLO  GOLD  CORPORATION, a corporation amalgamated under the laws of
          the  Province  of  Ontario

          (hereinafter called the "Optionor")

                                                               OF THE FIRST PART

          *

          (hereinafter called the "Optionee")

                                                              OF THE SECOND PART

          WHEREAS the Optionor believes that the interest of the Optionee in the
Optionor  or  its  affiliates  will  be  stimulated by affording the Optionee an
opportunity  to acquire shares in the capital of the Optionor under and pursuant
to  a  stock  option  plan;

          AND  WHEREAS this agreement is entered into pursuant to the Optionor's
stock  option  incentive  plan  for  senior  officers, directors, key employees,
subsidiaries  and  affiliates, as well as any other person or company engaged to
provide  ongoing  management  or  consulting  services to the Optionor or to its
subsidiaries and affiliates (collectively, the "Service Providers") (hereinafter
referred  to  as  the  "Plan");

          NOW  THEREFORE  THIS AGREEMENT WITNESSETH that in consideration of the
sum of Two Dollars ($2.00) now paid by the Optionee to the Optionor (the receipt
and  sufficiency whereof are hereby acknowledged by the Optionor) and other good
and valuable consideration, the parties agree to the terms set out below.

1.00      INTERPRETATION

1.01      As  used  in  this  agreement:

     (a)  "close  of  business"  means  5:00  p.m. (Toronto time) on the date in
          question;

     (b)  "Exercise  Price"  means  $ .00  per  Share;

     (c)  "Expiry  Date"  means  ,  ;

     (d)  "Optioned  Shares" means the Shares subject to the option, as provided
          in  Section  2.01;


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     (e)  "Share"  or  "Shares"  means,  as  the case may be, one or more common
          shares  of  the Optionor as constituted at the date of this agreement;
          and

     (f)  "Term"  means  the  period  of  time commencing on the date hereof and
          expiring  on  the  Expiry  Date.

1.02      As used  in this agreement, the masculine gender includes the feminine
and  neuter  genders,  and vice versa, and the singular includes the plural, and
vice  versa,  where  the  context so requires, and the terms "herein", "hereby",
"hereunder",  "hereof",  "this  agreement"  and similar provisions refer to this
agreement  as  a whole and not to any particular section or other portion hereof
unless  the  context  otherwise  requires.

1.03      The  division  of this  agreement  into  articles and sections and the
insertion  of headings are for convenience of reference and shall not affect the
interpretation  hereof.

1.04      Where  reference is made in this agreement to an amount of money, such
reference  shall,  unless  otherwise  specifically  provided, be deemed to be in
Canadian  funds.

1.05      In  calculating the period of time within which or following which any
act  is  to  be done or step taken pursuant to this agreement, the date which is
the  reference  date  (either  at  the beginning or at the end of the period) in
calculating  such  period shall be excluded. If the last day of such period is a
non-business  day,  the  period  in question shall end on the next business day.

1.06      This  agreement  constitutes  the entire agreement between the parties
with  respect  to  the subject matter hereof and there are no representations or
warranties  of  any kind not contained herein. This agreement may not be amended
or  modified  in any respect except by written instrument signed by the parties.

1.07      The  invalidity  of  any provision  of  this agreement or any covenant
herein  contained  shall  not  affect  the  validity  of  any other provision or
covenant  herein  contained.

2.00      GRANT OF OPTION

2.01      Subject  to  any  requisite  regulatory  approval, the Optionor hereby
gives  and  grants  to  the  Optionee,  subject  to  the  terms  and  conditions
hereinafter  set out, an irrevocable option to purchase at any time or from time
to  time  during  the  Term all or any part of the Optioned Shares. The purchase
price  for the Optioned Shares purchased at any time shall be the Exercise Price
multiplied  by  the  number  of  the  Optioned  Shares  which  the  Optionee has
determined  to  purchase  at  such  time  in  accordance  with the terms of this
agreement.

3.00      EXERCISE OF OPTION

3.01      The  Optionee  shall  (subject  to the provisions of Sections 3.02 and
3.03)  have  the right to exercise the option hereby granted at any time or from
time to time with respect to all or any part of the Optioned Shares available at
such time in accordance with the provisions of this agreement. No written notice
exercising  the option hereby granted in whole or in part shall be necessary but
payment  by  the  Optionee  to the Optionor of the Exercise Price at the time of


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exercise  of  the  option  in respect of so many of those of the Optioned Shares
available  at  such time as the Optionee shall at such time determine to take up
shall  be  an  exercise pro tanto of the option hereby granted and upon any such
                        ---------
exercise of the said option, the Optionor shall forthwith cause a certificate or
certificates  registered  in  the  name  of  the  Optionee  representing  in the
aggregate  such  number  of  the Optioned Shares as the Optionee shall have then
paid  for  to  be  delivered  to  the  Optionee.

3.02      Subject to  the  provisions  of  Article  6.00  hereof,  the number of
Optioned  Shares  which  may be purchased hereunder during each year of the Term
shall  be in accordance with the provisions set forth in paragraph I of Schedule
"A"  hereto.  Provided  that  notwithstanding  anything  herein contained to the
contrary, in the event that in any year of the Term the option is not exercised,
or  is  exercised with respect to part only of the Optioned Shares available for
purchase  by the Optionee in that year, the Optioned Shares so available and not
so  purchased  at  the  end  of  any such year shall thereafter be available for
purchase  in  ensuing  year(s),  in  addition  to  the Optioned Shares otherwise
available  for  purchase by the Optionee in such ensuing year(s), throughout the
balance of the Term up to and including, but not after, the Expiry Date or other
termination  of  the  option.

3.03      The option hereby granted may be exercised at any time or from time to
time  as  aforesaid during the Term up to but not after the close of business on
the  Expiry  Date  and  at  the  close of business on the Expiry Date the option
hereby  granted  shall expire and terminate as to such of the Optioned Shares in
respect  of  which  the  option  hereby  granted  has  not  then been exercised.

3.04      Nothing  herein  contained  or done pursuant hereto shall obligate the
Optionee  to  purchase  or  pay for or the Optionor to issue any Optioned Shares
except  those  Optioned  Shares  in  respect  of  which  the Optionee shall have
exercised  its  option  to  purchase  hereunder  in  the manner herein provided.

4.00      ADJUSTMENTS

4.01      In the event of any subdivision or change of the Shares at any time up
to the close of business on the Expiry Date into a greater number of Shares, the
Optionor  shall  deliver  at  the  time of any exercise thereafter of the option
hereby granted such additional number of Shares as would have resulted from such
subdivision  or  change  if  such exercise of the option hereby granted had been
prior  to  the  date  of  such  subdivision  or  change.

4.02      In  the event of any consolidation or change of the Shares at any time
up  to  the close of business on the Expiry Date into a lesser number of Shares,
the  number  of Shares deliverable by the Optionor on any exercise thereafter of
the  option  hereby  granted  shall be reduced to such number of Shares as would
have  resulted  from such consolidation or change if such exercise of the option
hereby  granted  had  been  prior  to  the date of such consolidation or change.

4.03      If  the  Optionor shall at any time up to the close of business on the
Expiry  Date  pay any dividend or make any distribution payable in Shares of the
Optionor, the Optionee shall be entitled to receive upon any exercise thereafter
of  the  option  hereby  granted  (in  addition  to  the


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number  of  Shares which the Optionee would have been entitled to receive on the
exercise  of such option if such dividend or distribution had not been paid (the
"Base  Shares"))  such  additional  number of shares of the appropriate class as
would have been paid to the Optionee by way of dividend or other distribution on
that number of the Base Shares with respect to which the Optionee has decided to
exercise the option granted hereunder at such time (the "Exercised Shares"), had
the option with respect to the Exercised Shares been exercised prior to the date
of  such  dividend  or other distribution, and the Optionor covenants and agrees
that  in the event of the payment of any dividend or distribution payable on any
Shares  of  the Optionor as aforesaid it will reserve and set aside a sufficient
number  of shares in which any such dividend or distribution shall be payable to
enable  it  to  fulfil  its  obligations  hereunder.

5.00      RESERVE FOR ISSUANCE

5.01      The  Optionor covenants  that  it  has  duly  reserved,  set aside and
conditionally allotted the Optioned Shares to and in favour of the Optionee, his
heirs,  executors,  administrators,  successors  and  assigns, and that upon the
exercise of this option in accordance with the terms hereof, the Optioned Shares
in respect of which the Optionee shall have duly taken up and paid for hereunder
shall  be  duly  issued  and  outstanding  as  fully  paid  and  non-assessable.

6.00      TERMINATION

6.01      In  the  event  of the death of the Optionee on or prior to the Expiry
Date  while  an officer and/or a director of the Optionor or a subsidiary of the
Optionor,  the  option  may  be  exercised  by  the legal representatives of the
Optionee,  as  to  all  or  any  of  the Optioned Shares in respect of which the
Optionee  would  have been entitled to exercise the option hereunder immediately
prior  to the time of his death, at any time up to and including, but not after,
the close of business on that date which is one year following the date of death
of  the Optionee or prior to the close of business on the Expiry Date, whichever
is  the  earlier.

6.02      In the event of the resignation of the Optionee as an officer and/or a
director  of  the  Optionor  or an affiliate of the Optionor prior to the Expiry
Date,  the  option  and this agreement shall in all respects cease and terminate
and  be  of  no  further  force  or effect whatsoever as to such of the Optioned
Shares  in  respect  of which the option has not previously been exercised, upon
notice  of  such  resignation  being  received  by  the  Optionor.

6.03      In the event the Optionee ceases to be an officer and/or a director of
the  Optionor  or  an  affiliate of the Optionor other than in the circumstances
referred to in Sections 6.01 or 6.02 above, the Optionee may exercise the option
to the extent that the Optionee is entitled to do so at the time he ceases to be
an  officer  and/or  a  director, at any time up to and including, but not later
than,  ninety  (90)  days after he ceases to be an officer and/or a director, or
prior  to  the  close  of  business  on  the  Expiry Date, whichever is earlier.

6.04      In the  event  that the Optionee disposes of any shares taken up under
this  agreement  or  assigns,  encumbers  or  otherwise  disposes  of any rights
acquired hereunder or any such rights become subject to voluntary or involuntary
attachment  or  charges, without, in each case, the prior written consent of the
board  of  directors  of  the  Optionor  having  been  first


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obtained,  the  option  may,  at  the sole discretion of the Optionor, forthwith
cease  and  terminate and be of no further force or effect whatsoever as to such
of  the  Optioned  Shares in respect of which the option has not been previously
exercised.

7.00      MISCELLANEOUS

7.01      Each party  shall, upon the request of the other, do all such acts and
execute  all such documents as the other party requesting may reasonably request
be  done or executed in order to better evidence or perfect any provision hereof
or  in  order  to  give  effect  to  the  purposes  hereof.

7.02      The Optionee  shall  have  no  rights  whatsoever  as a shareholder in
respect  of any of the Optioned Shares (including any right to receive dividends
or  other  distributions therefrom or thereon) other than in respect of Optioned
Shares  in  respect of which the Optionee shall have exercised the option in the
manner  provided  herein and which the Optionee shall have actually taken up and
paid  for.

7.03      Time  shall  be  of  the  essence  of  this  agreement.

7.04      This  agreement  is personal to the Optionee and shall not be assigned
by the Optionee in whole or in part.

7.05      This  agreement  shall enure to the benefit of and be binding upon the
Optionor,  its  successors  and  assigns,  and  the  Optionee and, subject as is
hereinbefore  provided,  to  the  heirs, executors, administrators and permitted
successors  of  the  Optionee.

          IN  WITNESS WHEREOF this agreement has been executed by the parties as
of the date and year first above-written.

                                           APOLLO GOLD CORPORATION

                                           Per: _____________________________


                                           Per: _____________________________


                                           SIGNED, SEALED AND DELIVERED
                                           in the presence of

                                           __________________________________
                                           WITNESS

                                           __________________________________
                                           [NAME OF OPTIONEE]



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                                  SCHEDULE "A"

To an agreement between:

          APOLLO GOLD CORPORATION (the "Optionor")

          - AND -

          *     (the "Optionee")

1.     [All of the Optioned Shares may be purchased hereunder at any time during
the  Term.]


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