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Apollo Consolidated (ASX:AOP) - Managing Director, Nick Castleden - The Market Herald
Managing Director, Nick Castleden
Source: 121 Mining Investment Events
  • Apollo Consolidated's (AOP) drilling program has intersected high-grade gold mineralisation at the Lake Rebecca Gold Project in Western Australia
  • Drilling is aimed at extending gold mineralisation, targeting under-explored areas within the Rebecca, Duke and Duchess deposits
  • Pleasingly, the latest results have continued to outline broad gold mineralisation with 39 new gold intercepts
  • Diamond drilling is planned at Rebecca and will follow-up a high-grade hit at the Maddy and Laura structures
  • Company shares are up a slight 1.67 per cent and are trading for 30.5 cents each

Apollo Consolidated (AOP) says drilling has intersected and extended gold mineralisation at the Lake Rebecca Gold Project in Western Australia.

Drilling is aimed at extending gold mineralisation, targeting under-explored areas below the Rebecca deposit as well as across the Rebecca, Duke and Duchess deposits.

The high-grade reverse circulation (RC) drilling results account for 14 shallow drill holes covering 3300 metres.

Apollo is pleased the latest results have continued to outline broad gold mineralisation with 39 new gold intercepts.

Additional RC drilling was carried out in the Saddle area to the south of the high-grade Jennifer structure.

Significant results include; 13 metres at 2.76g/t gold from 115 metres, five metres at 3.29g/t gold from 66 metres, six metres at 2.72g/t gold from 164 metres, and five metres at 2.69g/t gold from 209 metres.

Generally, drilling intersected two west-dipping sulphidic mineralised structures, upgrading previous drilling in the target area. These results are likely to extend future mine design.

Another two holes were drilled to test step-down or infill positions along the Laura mineralised structure.

Best results include; 13 metres at 1.24g/t gold from 149 metres and three metres at 10.90g/t gold, including one metre at 23.4g/t gold from 199 metres.

A further 28 shallow, step-out and strike exploration RC holes have now been drilled along the Duchess and Cleo corridors and in extensional positions around the 180,000-ounce Duchess Mineral Resource. Samples have been delivered in batches for analysis.

Further RC drilling is planned for later this year. In the meantime, diamond drilling will resume to test high-grade step-down exploration targets at the Rebecca deposit.

Diamond drilling will follow-up a strong hit on the Maddy structure and high-grade Laura structure intercepts below the reported mineral resource.

Company shares are up a slight 1.67 per cent and are trading for 30.5 cents each at 2:24 pm AEST.


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