Apollo Consolidated Forming Clearer Picture of Cleo Discovery

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) reported on recent drilling at the Cleo discovery at the company’s Lake Rebecca gold project, east of Kalgoorlie in the West Australian goldfields.

Apollo Consolidated has completed a further nine exploration RC holes at Cleo aiming to build geological confidence at 50m line spacing around the original 6641820N discovery traverse, including three holes on that section.

The company said the assay results from these holes continue to indicate multiple mineralised zones surrounded by a width of gold anomalism.

The discovery remains lightly explored to strike and depth and, according to Apollo, clearly warrants further drilling.

Recent shallow gold hits include:

5 metres at 3.76 grams per tonne gold from 55m, including 1m at 10.6g/t gold, 15m at 0.52g/t gold from 80m, 28m at 0.63g/t gold from 105m, and 10m at 0.92g/t gold from 140m;

10m at 0.82g/t gold from 20m, 5m at 1.69g/t gold from 35m, 5m at 4.24g/t gold from 80m, and 5m at 1.46g/t gold from 95m;

10m at 0.62g/t gold from 35m, 5m at 2.35g/t gold from 60m, and 4m at 0.97g/t gold from 114m;

13m at 0.9g/t gold from 40m and 5m at 1.64g/t gold from 80m; and

13m at 1g/t gold from 110m.

Apollo highlighted a feature of the Cleo discovery being that >0.50g/t gold intercepts lie within wide zones of gold anomalism, forming a mineralised footprint upto 150m wide.

“Whilst additional drilling is required to determine the potential commercial significance of Cleo, the identification of a new gold system demonstrates the prospectivity of the entire project,” Apollo Consolidated said in its ASX announcement.

“Further infill and exploration drilling is planned.”

Further infill RC drilling is ongoing at the main Rebecca deposit, charged with building geological confidence around key intercepts in the hanging-wall of the high-grade Jennifer structure.

Diamond drilling is also underway from surface providing geotechnical information and testing key exploration positions below the optimised pit shell that constrains the 775,000 ounce Rebecca Mineral Resource.

Exploration drilling continues to test under-explored structural targets lying between Cleo, Duchess and Rebecca, as well as resource-definition positions at Duchess and Duke.





Email: info@apolloconsolidated.com.au


Web: www.apolloconsolidated.com.au