Peel Mining extends Apollo Hill with new gold hits

THE DRILL SERGEANT: Peel Mining (ASX: PEX) advised that recent drilling at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia, has returned multiple high-grade gold drill intercepts.

The drilling was carried out to assess the potential to expand Apollo Hill’s existing JORC inferred resource estimate of 17.2 million tonnes at 0.9 grams per tonne gold for 505,000 ounces of gold.

According to Peel, these latest drilling results have extended the Apollo Hill Main Zone mineralisation by up to 250m along strike south-east, remaining open to the south-east, and importantly indicate good potential to add to the existing 505,000 ounce inferred resource.

The program comprised seven new RC drillholes (PARC033 to PARC039) and an extension to an existing RC drillhole (PARC031).

The drilling at Apollo Hill returned intercepts of multiple high-grade gold hits, including:

8 metres at 6.39g/t gold from 71m, including 3m at 15.6g/t gold, and
10m at 4.23g/t gold from 94m, including 5m at 6.31g/t gold from 95m;

1m at 7.51g/t gold from 246m and 1m at 42.8g/t gold from 287m;

1m at 8.09g/t gold from 47m; and

1m at 5.2g/t gold from 95m, 1m at 19.6g/t gold from 142m and 1m at 8.5g/t gold from 162m.

“The program aimed to extend the limits of known mineralisation of the Apollo Hill Main Zone, both laterally and at depth, as well as infill an area of sparse drilling in the south-eastern portion,” Peel Mining said in its ASX announcement.

“Encouragingly, significant mineralised intercepts were returned from multiple drillholes.”