- Apollo Consolidated (AOP) has highlighted further significant gold results from drilling at its Lake Rebecca Gold Project in Western Australia
- The latest results come from the Duchess deposit which has proved its potential to significantly contribute to a future commercial operation
- Gold grading up to 6.98 grams per tonne and 3.90 grams per tonne was returned
- Reverse circulation drilling is continuing at Duchess as well as diamond drilling at the Rebecca deposit
- Company shares closed 2.82 per cent in the green to trade for 36.5 cents
Apollo Consolidated's (AOP) latest drilling results highlight further gold potential from drilling at its Lake Rebecca Gold Project in the Goldfields region of WA.
The company is conducting an ongoing reverse circulation (RC) drilling program at the project and is targeting the Duchess deposit.
Duchess is located four kilometres south of the Rebecca deposit and includes several west-dipping structures with disseminated sulphide and alteration.
So far, drilling at Duchess is progressing as expected and a number of significant intercepts have been highlighted.
Significant results include seven metres at 3.90g/t gold from 151 metres outside the Mineral Resource model, nine metres at 3.15g/t gold from 86 metres including one metre at 16.51g/t gold outside the Mineral Resource model, seven metres at 2.10g/t gold from 67 metres, and five metres at6.98g/t gold from 65 metres including one metre at 31.48g/t gold outside the Mineral Resource model.
The Duchess deposit is open along strike and at depth, with promising targets to the north and south that have seen limited drilling.
These positive results support the potential to extend the pit-constrained maiden Inferred Mineral Resource of 180,000 ounces at one gram per tonne of gold.
Additionally, Apollo is confident that Duchess will be a significant contributor to a potential commercial gold operation at the Lake Rebecca Project.
The company will continue with infill extensional and step-out RC drilling at Duchess as well as other deposits. It will also conduct diamond drilling to test high-grade, step-down targets at the Rebecca deposit.
Apollo maintains a strong financial position with $15.1 million in consolidated cash at the end of the June quarter.
Company shares closed 2.82 per cent in the green to trade for 36.5 cents each.