- Apollo Consolidated (AOP) has received partial assay results from the Duchess gold deposit within the Lake Rebecca Gold Project in WA
- Recent reverse circulation drilling at Duchess has defined an open southward extension and intersected up to 1.39g/t gold
- Apollo has drilled several follow up holes to the south, but results are yet to be received
- Drilling 1.3 kilometres northwest of Duchess was also completed with up to 1.60g/t gold intersected
- Exploration drilling at the project is continuing with a focus on identifying high-value targets
- Immediate focus is at the Rebecca deposit where limited exploration drilling has been completed
- Shares in Apollo have been trading grey at 33 cents since April 29
Apollo Consolidated (AOP) has received partial assay results from the Duchess gold deposit within the Lake Rebecca Gold Project in WA.
Reverse circulation (RC) drilling was recently completed at Duchess and work has defined a open southward extension.
Drilling also returned results of 18 metres at 1.39g/t gold and 23 metres at 1.33g/t gold and the results show the potential for resource growth around the boundary of the deposit.
Apollo has drilled several follow up holes to the south, but results are yet to be received.
Drilling 1.3 kilometres northwest of Duchess also returned a promising result of four metres at 1.60g/t gold from 46 metres.
This area is coincident with a magnetic anomaly that is undrilled and open along strike. Apollo will undertake follow-up drilling to test this target.
Exploration drilling at the project is continuing with a focus on identifying high-value targets.
Immediate focus is at the Rebecca deposit, where limited exploration drilling has been completed.
Previous drilling in the area has returned results of five metres at 3.10g/t gold from 80 metres, nine metres at 2.13g/t gold from 193 metres at 10 metres at 0.86g/t gold.
Shares in Apollo have been trading grey at 33 cents since April 29. The company has a $95.24 million market cap.