- Apollo Consolidated (AOP) closes in the green on the ASX after revealing “robust” results from metallurgical drilling at its Lake Rebecca project in WA
- The company says it struck several zones of gold at the Duchess, Duke and Rebecca prospects of the project area
- One infill hole at the Duchess prospect showed coarse visible gold grains, according to Apollo
- Meanwhile, the company says exploration and resource definition drilling is still ongoing at the Cleo discovery at Lake Rebecca
- Shares in Apollo Consolidated closed 2.82 per cent higher at 36 cents each
Apollo Consolidated (AOP) closed in the green on the ASX after revealing some “robust” results from metallurgical drilling at its Lake Rebecca project in WA.
The metallurgical diamond drilling program was designed to target mineralised structures typical of the average mineral resource estimate grade at Lake Rebecca, with today’s news following on from results reported last month.
The best results from the latest round of drilling include a 32-metre hit at 1.56 grams of gold per tonne (g/t) and a 30-metre hit at 1.47g/t gold in one hole, dubbed MET001.
Apollo said this hole also struck a zone of massive sulphide veining that returned a nine-metre intersection at 2.24 g/t gold from 136 metres, with one section showing coarse visible gold grains.
Another hole struck a 66-metre intersection at 1.03g/t gold and a 22-metre hit at 1.35g/t gold.
Both these holes were drilled on a 20-metre spaced infill line at the Duchess deposit.
Infill drilling was also taken on at the Duke deposit in the Lake Rebecca area.
Meanwhile, drilling at the namesake Rebecca deposit was designed to collect bulk composite material from two mineralised structures known as Laura and Maddy.
The drilling work in this area also intersected mineralisation conforming with the Rebecca MRE block model, according to Apollo, particularly in the upper parts of the holes.
Apollo said step-down and infill drilling was ongoing at the southern part of the Rebecca deposit.
Meanwhile, the company said exploration and resource definition drilling was continuing at the Cleo discovery, which lies around 1.4 km west of the Rebecca mineralised system. So far, 11 reverse circulation (RC) holes and one diamond tail have been completed in this area.
Assay results for some other diamond tales taken from the Lake Rebecca project are still pending, but Apollo said it would report on them as they came to hand.
Shares in Apollo Consolidated closed 2.82 per cent higher at 36 cents each. The company has a $106.4 million market cap.