Apollo Consolidated Drills Duchess Upgrade Potential

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) continues to progress drilling underway at the company’s 100 per cent-owned Lake Rebecca gold project east of Kalgoorlie in the West Australian goldfields.

Apollo Consolidated drilled 26 holes, 23 of which encountered reportable gold intercepts building on the company’s confidence around the existing 180,000-ounce gold Inferred Mineral Resource it reported in February this year for the Duchess deposit.

Of these 23 holes, seven intersected mineralisation beyond the optimised pit shell Apollo used to constrain the Mineral Resource leading it to consider the likelihood of expanding the deposit.

Exploration, infill, and extensional drilling carried out at the Duchess deposit delivered mineralised zones, including:

5 metres at 6.98 grams per tonne gold, including 1m at 31.48g/t gold;

7m at 3.9g/t gold;

9m at 3.15g/t gold, including 1m at 16.51g/t gold;

12m at 2.44g/t gold and 7m at 2.01g/t gold; and

7m at 2.1g/t gold.

“This part of the drilling activity was specifically related to the ongoing exploration and Mineral Resource definition program at the Duchess and Duke gold deposits, both of which have potential to add considerable valuable to a future commercial development of the Lake Rebecca project,” Apolllo Consolidated said in its ASX announcement.



Email: info@apolloconsolidated.com.au


Web: www.apolloconsolidated.com.au