Apollo Consolidated Drills Encouraging Gold Hit at Lake Rebecca

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) reported on recent drilling results from the company’s 100 per cent-owned Lake Rebecca gold project near Kalgoorlie in Western Australia.

Apollo Consolidated received results from two diamond holes drilled as part of an ongoing drilling program at the Lake Rebecca project, both of which tested extensional targets below the Rebecca deposit.

The company’s ongoing extensional drilling continues to demonstrate the strength of the Rebecca mineralised system, which comprises three major sub-parallel structures containing zones of disseminated sulphide hosted gold mineralisation – Jennifer, Laura and Maddy.

The mineralised structures are interpreted to potentially represent limbs of a fold arrangement that has repeated structures in the central portion of the Rebecca deposit.

The Rebecca deposit contains a Mineral Resource of 775,000 ounces of gold at 1.3g/t gold and represents a substantial component of the combined in-situ pit-constrained Mineral Resources of 1.035 million ounces at 1.2g/t gold at the project.

Diamond hole RCDLR0454 was drilled to test a down-dip extensional target below the Maddy structure.

This encountered an intercept of 22 metres at 3.44 grams per tonne gold, including a central high-grade zone of 13m at 5.19g/t gold, including 1m at 32.26g/t gold.

This intercept came approximately 120m below previous Maddy hits and has given Apollo further confidence that mineralisation and potential high-grade zones continue below current Mineral Resources.

“Ongoing diamond drilling will build geological confidence around this intercept, as well as continuing to test down-dip extensions of high-grade intercepts on the Laura structure,” Apollo Consolidated said in its ASX announcement.

“Several additional pre-collar RC holes have been completed in preparation for this work.”

An additional 13 step-out exploration and pre-collar RC holes have been drilled in the Rebecca deposit area and the company is now awaiting assay results for these.

RC drilling will next progress to follow-up promising new gold intercepts encountered at the Duchess NE target and then onto conduct extensional drilling at the Duchess and Duke Mineral Resources.

 

Email: info@apolloconsolidated.com.au

Web: www.apolloconsolidated.com.au