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- Apollo Consolidated (AOP) said it continues to hit new shallow gold mineralisation while drilling at Lake Rebecca Gold Project in Western Australia
- The latest drill results clocked in at 75.8 metres at 4.64 grams of gold per tonne, including nine metres at 15.2g/t gold
- Drilling at the deposit continues, with results hoped to add more near-surface material at a higher average grade than the mineral resource estimate
- Apollo Consolidated shares closed today’s up 4.35 per cent to trade at 36 cents
Apollo Consolidated (AOP) said it continues to hit new shallow gold mineralisation while drilling at Lake Rebecca Gold Project in Western Australia.
The first of six diamond drill holes looking to test mineralised structures within Apollo’s flagship Rebecca gold deposit returned 75.8 metres at 4.64 grams of gold per tonne, including nine metres at 15.2g/t gold.
Apollo said the find provides further confirmation of width and grade observed in prior drill holes and validates the mineral resource block model.
Previous finds from other areas of the deposit include 18 metres at 6.93g/t gold including four metres at 15.1g/t gold.
Reverse circulation and diamond drilling is set to continue, which includes working through following up newly identified targets.
Results from these drills are hoped to add more near-surface material at a higher average grade than the mineral resource estimate.
In recent news, Apollo advised it had stepped up its technical evaluation work running simultaneously to exploration activities, which are planned to inform an appropriate mining study.
Apollo Consolidated shares closed today’s up 4.35 per cent to trade at 36 cents.
