Apollo Minerals pinpoints IOCG target at Mars Aurora Tank
THE DRILL SERGEANT: Apollo Minerals (ASX: AON) has claimed to have identified a large-scale, high priority iron-oxide-copper-gold (IOCG) target at the Mars Aurora Tank prospect at the company’s Titan base-precious metals project, in South Australia.
Apollo identified the new target from a combination of recent ground gravity survey and historic high-resolution airborne magnetic and radiometric data.
.jpg)
Residual gravity contours on radiometrics at Mars Aurora Tank. Source: Company announcement
The company considers the target represents a potential Prominent Hill-type IOCG drill target.
The Mars Aurora Tank prospect is located in the north-western corner of the Titan project area, and the IOCG target is situated immediately west of shallow, historic drilling which returned a large number of anomalous IOCG intersections, within and along strike of a discrete magnetic body.
Results of this shallow drilling include grades of up to 52 per cent iron (oxide), 700 ppm copper, 2 grams per tonne gold, and 4g/t silver over four-metre down-hole composite widths.
The company said the recently acquired high resolution airborne magnetic and radiometric and gravity data have also highlight a distinct zone of uranium enrichment along the high priority IOCG target area.
“Apollo is highly encouraged by the results delivered from its review of geophysical data and exploration at the Mars Aurora Tank prospect,” the company said in its ASX announcement.
“A near-surface RAB drilling and geochemical sampling program across the area has been recently completed and the company is looking forward to receipt of the drilling geochem assays.
“A reconnaissance Induced Polarisation (IP) program has also been completed and the processing and analysis of the IP survey data, in conjunction with the new geochemical data and the gravity and magnetic results, is expected to define compelling IOCG drill targets.”
Email: info@apollominerals.com.au
Website: www.apollominerals.com.au