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Apollo Consolidated Continues Wide Gold Hits at Cleo and Rebecca

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) reported on recent drilling activity undertaken at the company’s 100 per cent-owned Lake Rebecca gold project, located east of Kalgoorlie in Western Australia.

Apollo Consolidated reported assay results for eight infill RC holes drilled at the emerging Cleo gold discovery, a broad area of anomalous gold situated only 1.4 kilometres west of the 840,000 ounce Rebecca deposit, both of which lie within the Lake Rebecca project.

Infill RC drilling at Cleo has returned multiple wide intercepts including:

RCLR0847
25 metres at 1.43 grams per tonne gold and 13m at 1.27g/t gold;

RCLR0846
25m at 0.71g/t gold and 20m at 0.87g/t gold;

RCLR0841
11m at 2.99g/t gold; and

RCLR0845
5m at 2.3g/t gold and 10m at 0.74g/t gold.

Diamond hole RCDLR0809 confirmed gold continuity, encountering:

6m at 2.67g/t gold and 19m at 0.94g/t gold.

Apollo considers Cleo to be an example of the potential for new mineralisation to be found under areas of shallow transported cover at the project.

Exploration at Rebecca has continued to be positive, with step down exploration diamond hole RCDLR0883 hitting 15m at 2.33g/t gold and potentially opening a new zone of open mineralisation approximately 200m west and down-dip from the high-grade Jennifer structure.

Infill RC drilling at Rebecca south returned:

RCLR0850
10m at 3.53g/t gold; and

RCLR0849
10m at 1.23g/t gold.

“RC drilling rolls on, with current activity testing a combination of high-impact step-down/step-out exploration targets, as well as ongoing resource-definition work inside the Rebecca Mineral Resource estimate (MRE),” Apollo Consolidated said in its ASX announcement.

“Assay results are pending for three additional step-down diamond ‘tails’ that tested structural targets below the Rebecca MRE.

“All holes hit disseminated sulphide mineralisation at target locations.

“Additional tails are planned on receipt of results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Apollo Consolidated Scores Strong Gold Hits at Cleo and Rebecca Deposits

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) declared hits of further widespread gold mineralisation from recent Reverse Circulation (RC) drilling undertaken at the Cleo discovery, located only 1.5 kilometres west of the main Rebecca deposit at the company’s 100 per cent-owned Lake Rebecca gold project east of Kalgoorlie in Western Australia.

Apollo Consolidated drilled nine RC holes at Cleo, all of which intersected shallow gold mineralisation, including:

RCLR0806
10 metres at 3.66 grams per tonne gold, 5m at 1.25g/t gold and 10m at 0.88g/t gold;

RCLR0807
5m at 6.75g/t gold and 5m at 1.59g/t gold;

RCLR0811
10m at 1.50g/t gold EOH, 5m at 1.84g/t gold and 5m at 1.56g/t gold;

RCLR0802
10m at 1.10g/t gold in RCLR0808, 10m at 1.09g/t gold; and

RCLR0803
5m at 3.76g/t gold and 5m at 1.34g/t gold.

“Immediate follow-up RC drilling will continue to scope this discovery and expand open mineralised zones into untested areas,” Apollo Consolidated said in its ASX announcement.

“Diamond drilling will confirm the orientation of mineralised structures and is scheduled to start in coming weeks.”

 

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Apollo Consolidated to Bank $20M from Gold Royalty Sale

THE BOURSE WHISPERER: Apollo Consolidated (ASX: AOP) is to be cashed up to the tune of $20 million having entered into a binding sale and purchase agreement with Gold Royalty Corp. for its royalty interest over the Seguela gold project located in central Cote d’Ivoire.

Apollo Consolidated’s of 100 per cent of the Seguela gold royalty monetises what is a non-core asset with the subsequent windfall to provide certainty of funding for further exploration and study work at the company’s Lake Rebecca gold project in Western Australia.

“Apollo sees an agreed sale of the Seguela royalty as an excellent result, bringing to book what was an under-recognised overseas asset and allowing us a significant financial runway to progress our +1 million ounces gold project at Lake Rebecca in Western Australia,” Apollo Consolidated managing director Nick Castleden said in the company’s ASX announcement.

“Realised funds, less any tax and transaction costs, will add to existing cash reserves ($18.7M as at 31 December 2020), placing the company in a very strong position to take Rebecca forward.”

Apollo has notified the owner of the Seguela gold project, Canadian-based goldminer Roxgold Inc., of its intention to sell the Royalty as Roxgold has a 14-day period in which it may elect to match the terms of the Agreement to buy back the Royalty itself.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Apollo Consolidated Acquires Further Rebecca Tenure

THE BOURSE WHISPERER: Apollo Consolidated (ASX: AOP) has added ground to the company’s 100 per cent-owned one-million-ounce Lake Rebecca gold project east of Kalgoorlie in Western Australia.

Apollo Consolidated made the strategic purchase of an additional 1.35 square kilometres of unencumbered tenure around the 775,000 ounce Rebecca deposit to allow full operational and planning flexibility as the Company moves toward commercial studies.

The purchase brings an additional 400m to the east and 400m to the north of the Rebecca gold deposit, allowing more space for future pit design, pit infrastructure and hydrology.

The additional area will also be evaluated as part of ongoing exploration targeting and possible optimised pit extensions.

The area in question was previously part of the larger Bulletin Resources/Matsa Resources Lake Rebecca project.

The deal also involves a first right of refusal over adjoining granted exploration licences owned by Bulletin Resources and Matsa Resources.

Apollo is currently compiling all outstanding 2020 drilling results to feed into a re-estimation of Mineral Resources.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Sustained Activity Delivers Results for Active Junior

THE CONFERENCE CALLER: From all indications gold explorer Apollo Consolidated (ASX: AOP) will be kept busy during the first half of 2021 as it formalises – and adds to – the impressive one million ounce-plus inventory it has already established at its wholly-owned Lake Rebecca project in Western Australia’s Goldfields. By Mark Fraser

Late last year, while releasing the latest assay results for infill and step-down drilling at the Rebecca deposit, the WA-based junior indicated a re-estimation of mineral resources was planned for the current quarter which, in turn, would guide both exploration priorities and possible commercial studies moving forward.

Continued and sustained activity over 2020, the company said, had led to significant progress at the Rebecca, Duchess and Duke ore bodies, as well as the identification of new mineralisation at Duchess and Rebecca in addition to the discovery of exciting new zones of mineralisation under cover such as Cleo.

Infill and step-down RC drill holes had returned promising intercepts which are now expected to add further mineralisation to the project’s geological interpretation.

These included one hole that yielded three wide gold zones of 30 metres at 1.16 grams per tonne from 143m (the Laura structure), 33m at 1.46g/t from 217m as well as 15m at 1.74g/t from 255m (the Maddy structure).

These results confirmed – and extended -the broad mineralisation in this area. Moreover, these intercepts were interpreted to be close to true width.

Meanwhile, another pre-collar hole intersected 10m at 1.46g/t gold (end of hole) from 350m, which was interpreted to be a mineralised position in the hanging wall of the Laura structure.

This hole will be extended with a diamond “tail” to further test the Laura structure (80m down dip from 4.7m at 19.1g/t) in a previous hole.

Additionally, shallow drilling in up-dip positions identified additional near-surface gold mineralisation, including 10m at 1.22g/t from 30m, 8m at 3.53g/t from 43m and 3m at 8.22g/t (with 1m at a spectacular 22.8g/t) from 85m.

Other intersections included 10m at 0.84g/t from 10m, 8m at 2.58g/t from 48m as well as 5m at 2.55 g/t.

Ongoing drilling along the (approximate) 1.7 km long Rebecca deposit, Apollo said, continued to demonstrate the strength of this mineralised system and it was “pleasing to see mineralisation intercepted as expected in geological modelling as well as in new structural positions”.

In addition, a further eight RC holes and four diamond drill holes were completed at Rebecca.

The major mineralised structures remain open to depth and will drive continued RC and diamond exploration drilling into 2021.

At the Duchess deposit a further 12 infill and step-out RC drill holes were completed, with a best result of 20m at 1.64g/t from 110m returned in a step-down hole which confirmed an extended and widening mineralised structure at this location.

Other holes drilled typically intersected gold mineralisation in expected positions, with results including 10m at 0.88g/t from 115m, and 4m at 1.59g/t (from 94m) as well as 3m at 1.28g/t (from 66m).

This hole is at the southern end of the Duchess drill-out and points to further exploration potential in the area extending toward Duke.

Apollo said ongoing drilling had built a greater understanding of the Duchess mineralised system, which was characterised by more advanced deformation and alteration than seen in other deposits in the project area.

The deposit comprises multiple north-south trending and west-dipping gold structures distributed over an area 900m long and around 400m wide. Reported intercepts are generally interpreted to be close to true width.

Drilling since the announcement of the maiden Duchess mineral resource (180,000 oz inferred) in February 2020 has defined a new mineralised position in the north east part of the deposit as well as local step-out and step-down extensions.

Shallow drilling is expected to continue into 2021, particularly to define near-surface mineralisation up-dip from known structures.

Apollo now expects to re-estimate its mineral resources, the results of which will guide exploration priorities and possible commercial studies some time this year.

The company said drilling would continue in January, with multiple “live” targets available, led by open high grade mineralisation at the Rebecca deposit.

It is expected all these results will be included in an updated mineral resource estimates planned for the current quarter.

Comprising 160 square km of tenure located some 150km east of Kalgoorlie-Boulder, Apollo’s project area covers the eastern margin of the Norseman-Wiluna Greenstone Belt and sits at the southern end of the Laverton Tectonic Zone.

Located in a similar geological setting just 140-150km to the north-west are three world class gold operations – Barrick Gold Corp’s (TSX: ABX) Granny Smith and Wallaby mines as well as AngloGold Ashanti’s (ASX: AGG) Sunrise Dam project.

Apollo also continues to retain a valuable royalty interest over the 1 million oz (plus) Seguela gold project in central Cote d’Ivoire in a joint venture with the Toronto-listed Roxgold (TSX: ROXG).

More on the company’s progress will be provided at this year’s RIU Explorers Conference in Fremantle during February.

 

 

Apollo Consolidated Scores Infill Hits at Rebecca

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) has greeted the new year with an update on drilling activities at the company’s 100 per cent-owned plus-one million ounce-plus Lake Rebecca gold project east of Kalgoorlie in the West Australian goldfields.

Apollo Consolidated a continuation to the growth of the Rebecca deposit, with new zones of gold mineralisation encountered by ongoing infill and step-out Reverse Circulation (RC) drilling.

Latest results include:

RCLR0729
21 metres at 2.45 grams per tonne gold and 7m at 2.09g/t gold (STRONG INFILL TEST);

RCLR0730
11m at 2.17g/t gold, 9m at 1.79g/t gold, 5m at 3.27g/t gold and 4m at 2.37g/t gold in (EXTENDS HANGINGWALL ZONE);

RCLR0741
22m at 1.31g/t gold in (NEW FOOTWALL ZONE); and

RCLR0731
10m at 2.14g/t gold and 7m at 2.21g/t gold in (STRONG INFILL TEST).

Elsewhere, new step-out drilling at the Cleo discovery has extended mineralisation and a strong >0.2g/t gold anomalism, expanding the zone to more than 350m strike and up to 150m wide.

The anomalous footprint remains open in most directions, which the company has decided to continue drill-testing to determine if potential exists for Mineral Resources.

Throughout 2020, Apollo achieved strong results from infill and step-down Mineral Resource definition drilling at the Rebecca, Duchess and Duke deposits, and the identification of new mineralisation in under-explored areas.

Results currently remain pending for four diamond holes completed at Rebecca.

All drilling results are to be included in an updated Mineral Resource estimate the company has planned for completion by Q2 2021.

“Apollo is buoyed by the success of its ongoing drilling along the approximate 1.7 kilometres long Rebecca deposit, where the mineralised system continues to evolve and grow,” Apollo Consolidated said in its ASX announcement.

“Infill and step-out drilling has located extensions to mineralisation in expected geological positions, while exploration drilling has located important new near-surface mineralisation.

“The major Rebecca mineralised structures remain open to depth and will drive continued RC and diamond exploration drilling into 2021.

“Apollo sees excellent potential to replicate existing mineralisation on continued drilling, particularly at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Apollo Consolidated Drilling Continues Lake Rebecca Growth

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) scored strong results from infill and step-down Mineral Resource definition drilling at the company’s 100 per cent-owned Lake Rebecca gold project in Western Australia.

Drilling focused on the Rebecca, Duchess and Duke deposits has identified new mineralisation at Duchess and Rebecca, and led to the discovery of exciting new zones of mineralisation under cover such as Cleo.

Latest assay results reported include strong infill and step-down gold intercepts at the Rebecca deposit:

RCLR0727
33 metres at 1.46 grams per tonne gold, 30m at 1.16g/t Au and 15m at 1.74g/t gold;

RCLR0722
8m at 3.53g/t gold, 3m at 8.22g/t gold, and 10m at 1.22g/t gold;

RCLR0721
8m at 2.58g/t gold; and

RCLR0725
10m at 1.46g/t gold EOH.

Step-down intercepts at the Duchess deposit include:

RCLR0700
20m at 1.64g/t gold.

While promising indications in exploration drilling SE of Cleo returned:

RCLR0720
3m at 3.78g/t gold EOH.

“Ongoing drilling along the ~1.7km long Rebecca deposit continues to demonstrate the strength of this mineralised system and it is pleasing to see mineralisation intercepted as expected in geological modelling as well as in new structural positions,” Apollo Consolidated said in its ASX announcement.

Apollo has completed an additional eight RC infill and step-down RC drill holes at Rebecca, while four diamond drill holes core drilled from surface are now being processed.

The company is looking to the diamond drilling to provide important geotechnical information as well as testing key exploration positions below the optimised pit shell that constrains the current 775,000 ounces Rebecca Mineral Resource.

Assay results are also pending for a further seven shallow RC holes at the emerging Cleo discovery.

Apollo anticipates using all outstanding drilling results to calculate a re-estimation of Mineral Resources, the results of which will guide exploration priorities and possible commercial studies into 2021.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

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:

RCLR0685
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;

RCLR0684
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;

RCLR0690
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;

RCLR0687
13m at 0.9g/t gold from 40m and 5m at 1.64g/t gold from 80m; and

RCLR0683
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.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Apollo Consolidated Drilling Delivers Growth at Rebecca

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) recorded further strong gold hits from recent shallow infill drilling at the company’s 100 per cent-owned Lake Rebecca gold project in Western Australia.

Apollo Consolidated completed five RC exploration drill holes, all of which were drilled to add geological confidence around the margins of the high-grade Jennifer structure, a mineralised body in the 1.7 kilometres-long, 775,000-ounce Rebecca deposit.

All five infill RC holes hit gold in expected target locations, with additional mineralisation added in ‘hanging wall’ gold structures:

RCLR0680
13 metres at 2.96 grams per tonne gold and 4m at 2.97g/t gold;

RCLR0681
9m at 3.81g/t gold, 15m at 1.27g/t gold (hanging wall) and 1m at 15.3g/t gold (hanging wall);

RCLR0682 (pre-collar)
18m at 1.79g/t gold (hanging wall);

RCLR0679
7m at 3.33g/t gold & 9m at 1.19g/t gold; and

RCLR0678
5m at 2.09g/t gold.

Apollo Consolidated has also carried out RC drilling on infill and extensional positions at the new Cleo discovery, described by the company as an area of widespread gold anomalism and previously encountered mineralised intercepts.

Twelve RC holes have been completed to date and a further six are planned.

Exploration drilling is now testing under-explored structural targets lying between Cleo, Duchess and Rebecca, as well as key resource-definition positions at Duchess and Duke.

The ongoing drilling is designed to expand on the maiden combined in-situ Mineral Resources Apollo released in February 2020 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 constrained within $2,250/oz optimised pit shells).

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

Apollo Consolidated Identifies Further Rebecca Mineralisation

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) has drilled indications of further gold mineralisation at the company’s 100 per cent-owned Lake Rebecca gold project near Kalgoorlie in Western Australia.

Apollo Consolidated reported that shallow infill and exploration drilling at the 775,000 ounce Rebecca deposit has delivered multiple gold hits below the current Mineral Resources.

Drilling returned intercepts, including:

RCLR0677
10 metres at 5 grams per tonne gold and 7m at 3.01g/t gold;

RCLR0669
25m at 1.30g/t gold and 3m at 5.30g/t gold;

RCLR0673
10m at 1.54g/t gold;

RCLR0671
8m at 1.97g/t gold; and

RCLR0674
10m at 1.34g/t gold.

All intersections sit below the base of the optimised pit shell Apollo used to constrain the Rebecca Mineral Resource estimate.

Apollo conducted additional RC exploration drilling out on three infill sections in what it described as a ‘saddle’ area that has seen limited drilling in the optimised pit shell.

This area sits just to the south of the high-grade Jennifer structure, which after the optimisation completed earlier this year, was identified as a priority target for additional drilling.

This drilling also returned encouraging results, most of which lie outside the resource model, and below pit design and upgrade previously modelled mineralisation in this area.

RC drilling was also carried out on infill and extensional positions at the new Cleo discovery, comprising twelve additional RC holes.

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

“Ongoing drilling continues to investigate under-drilled portions of the Lake Rebecca mineralised systems, with this set of results confirming coherent gold mineralisation below Mineral Resources in the area south of the high-grade Jennifer structure,” Apollo Consolidated said in its ASX announcement.

“The results have upgraded this part of the Rebecca deposit and when added to the data are likely to remove a ‘saddle’ seen in the February 2020 optimised pit shell.

“The company is continuing to test multiple target areas with drilling to upgrade and extend the current Mineral Resource estimate.”

 

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au