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Apollo Consolidated (ASX:AOP) - Managing Director, Nick Castleden (right)
Managing Director, Nick Castleden (right)
Source: Apollo Consolidated [Twitter]
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  • Apollo Consolidated (AOP) intersects further widespread gold mineralisation at the Cleo discovery in Western Australia
  • All nine recently drilled reverse circulation (RC) holes at Cleo intersected gold mineralisation with up to 6.75g/t gold returned
  • Follow-up RC drilling will now be undertaken to expand the open mineralised zones into untested areas
  • Additionally, drilling is continuing at Apollo’s flagship Rebecca Deposit and work is continuing to find new gold mineralisation at shallow depths
  • Apollo is down 3.39 per cent on the market and shares are trading at 28.5 cents at 12:16 pm AEST

Apollo Consolidated (AOP) has intersected further widespread gold mineralisation at the Cleo discovery.

Cleo is part of Apollo’s Lake Rebecca Gold Project which lies roughly 145 kilometres east of Kalgoorlie in Western Australia.

A further nine exploration reverse circulation (RC) holes were drilled at Cleo and all intersected significant shallow gold mineralisation.

Best results include five metres at 6.75g/t gold, five metres at 3.76g/t gold and 10 metres at 3.66g/t gold.

This drilling shows significant evidence of a strong mineralised cell that is lightly explored along strike and at depth.

Previous drilling at Cleo has identified a mineralised footprint around 150 metres wide and measuring more than 300 metres in strike.

Follow-up RC drilling will now be undertaken to expand the open mineralised zones into untested areas.

Diamond drilling will also be undertaken in the coming weeks to confirm the orientation of the mineralised structures and bring it towards resource status.

Additionally, drilling is continuing at Apollo’s flagship Rebecca Deposit and work is continuing to find new gold mineralisation at shallow depths and upgrading areas where gold mineralisation is not yet drilled.

A new intercept of 27 metres at 2.78g/t gold from 55 metres was returned this result, along with previous results, is expected to add valuable material to the area.

Apollo was down 3.39 per cent on the market and shares traded at 28.5 cents at 12:16 pm AEST.

AOP by the numbers
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