Apollo Minerals commences major exploration program

THE DRILL SERGEANT: Apollo Minerals (ASX: AON) has kicked of its largest exploration program at the company’s new iron-oxide-copper-gold (IOCG) frontier in the northern Gawler Craton, South Australia.

Apollo said the exploration program is being conducted across the company’s various joint venture project areas associated with its Titan project in the Gawler Craton.

The program will be working on Apollo’s two new joint venture areas; at Mars Aurora Tank and the Eagle Hawk Joint Venture.

 

Titan project – Apollo tenement and farm-in JV areas. Source: Company announcement

 

On top of this Apollo also indicated it will continue to work closely with High Powered Exploration Inc (HPX) to finalise exploration plans for the proposed Commonwealth Hill farm-in and joint venture with that was struck in February 2014.

This will include a High Power Super Induced Polarisation (IP) survey over the Bundi North and Wirrida Intrusive Complex targets.

Apollo said this is anticipated to be the one of the largest and highest powered IP surveys ever undertaken in South Australia.

The company stressed that the HPX farm-in and JV transaction does not affect its existing joint venture arrangements, including the adjacent Eaglehawk farm-in JV and the Aurora-Tank farm-in JV.

The work being conducted under Apollo’s upcoming exploration program includes:

Mars Aurora Tank JV (EL4433 – Apollo earning 75 per cent)

Apollo has commenced a trial IP survey across the gravity and magnetic anomalies at Mars Aurora Tank to determine if copper and/or gold sulphides are detectable and targetable with drilling.

A RAB drilling program has also commenced to test for copper and/or gold anomalism beneath the pervasive sand cover.

Eaglehawk JV (EL4932 – Apollo earning 75 per cent)

A ground based gravity survey has recently been completed across the Bundi South prospect (within the Eaglehawk JV area).

This area is directly adjacent to the Commonwealth Hill farm-in JV with HPX.

The survey is primarily targeting a possible southern extension to the Bundi anomaly and will also evaluate areas south of Bundi which have not previously been covered by Apollo and are also in prospective IOCG terrain.

Email: info@apollominerals.com.au

Website: www.apollominerals.com.au