Apollo Consolidated Encounters New Gold at Lake Rebecca

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) reported Reverse Circulation (RC) drilling results from the company’s 100 per cent-owned Lake Rebecca gold p in Western Australia.

The recent results come from ongoing shallow exploration and infill drilling being carried out across the project area and has delivered new gold intercepts in several locations, each of which Apollo Consolidate d considers worthy of follow-up work.

These include:

25 metres at 1.23 grams per tonne gold and 15m at 1.4g/t gold encountered in in a new prospect located 1.2 kilometres north east of the established Duchess deposit.

Strike extensions from this position are open for one kilometre north and 200m south.

10m at 7.68g/t gold, including 3m at 21.57g/t gold in a shallow infill drill hole at the northern part of the Rebecca deposit.

This intercept was supported by 5m at 5.59g/t gold in adjoining hole RCLR0554.

Apollo believes these results combine to flag potential for high-grade structures in this part of the deposit.

25m at 1.09g/t gold encountered in a step-down drill hole to test at the eastern part of Duke deposit.

Apollo Consolidated has RC exploration and pre-collar drilling continuing, with over 100 sites currently prepared for drilling.

Two additional step-out diamond ‘tails’ the company completed at the Rebecca deposit are now being prepared for analysis.

Apollo is conducting the drilling with the aim of building on the maiden combined in-situ pit-constrained Mineral Resources it released in February of 27.1 million tonnes at 1.2g/t gold for 1.035 million ounces of gold (at a 0.5g/t Au cut-off).

This is made up of:

Rebecca: 19.1 million tonnes at 1.3g/t gold for 775,000 ounces (53% Indicated);
Duchess: 5.7 million tonnes at 1g/t Au for 180,000 ounces; and
Duke: 2.3 million tonnes at 1.1g/t Au for 80,000 ounces.


Email: info@apolloconsolidated.com.au

Web: www.apolloconsolidated.com.au