Apollo Minerals encouraged by Titan drilling

THE DRILL SERGEANT:  Apollo Minerals (ASX: AON) has received encouraging assay results from a Phase 1 cored drilling program at the company’s 100 per cent-owned Acacia East prospect on the Titan base-precious metals project in South Australia.

The drilling intersected intervals of disseminated, stringer and massive sulphides while targeting a coincident high-density gravity anomaly and highly conductive EM anomaly within a demagnetised zone.

According to Apollo, the Acacia East prospect is favourably located adjacent to major regional scale fault and large magnetic anomaly, which also exhibits an anomalous surface geochemical halo for copper, gold, cobalt, silver and platinum.

The company explained these elements to be typical pathfinder elements to IOCG style mineralisation.

 

Acacia East prospect location plan for Titan base-precious metals project. Source: Company announcement

 

The assay results from this phase of drilling compare well against the pre-discovery drilling of the Prominent Hill IOCGU deposit, located east of Apollo’s Titan project.

Apollo strongly believes its work at Acacia East further validates its exploration model at the Titan project and justifies additional exploration at Acacia East and other high-priority targets including its Bundi and Wirrida prospects.

“Apollo is highly encouraged by these initial drilling results from our Acacia East IOCG prospect,” Apollo Minerals chief operating officer Dominic Tisdell said in the company’s announcement to the Australian Securities Exchange.

“These results are significant not only to Acacia East but other high priority targets at Titan, including Bundi and Wirrida, in that they demonstrate elements of the required geology and enrichment of the metals needed to define a world-class IOCG, most importantly copper.

“As drilling during the discovery of the Prominent Hill IOCG showed, discoveries can occur in very close proximity to the site of encouraging initial drilling.”