Apollo Consolidated (ASX: AOP)
Apollo Consolidated added further high grade gold mineralisation to their 840,000 oz Au Rebecca deposit, near Kalgoorlie, Western Australia.
| Apollo Consolidated | ASX : AOP |
| Stage | Exploration |
| Metals | Gold |
| Market cap | A$92 m @ 32c |
| Location | Kalgoorlie, Western Australia |
Apollo Consolidated add additional high-grade mineralisation to add value to the Rebecca deposit
Apollo Consolidated (ASX: AOP) added further high grade gold mineralisation to their 840,000 oz Au Rebecca deposit, near Kalgoorlie, Western Australia.
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Highlights:
Latest drilling at the 840,000 oz Au Rebecca deposit identifies new high-grade gold
mineralisation at shallow depths along the eastern edge of the optimised pit shell used to constrain the recent Mineral Resource Estimate (MRE) update.
Strong hits include:
- 7m @ 12.15g/t Au* and 15m @ 2.20g/t Au* in RCLR0795
23m @ 2.36g/t Au and 10m @ 3.42g/t Au* in RCLR0791
20m @ 2.44g/t Au* and 5m @ 2.31g/t Au in RCLR0790
10m @ 4.07g/t Au and 7m @ 1.98g/t Au in RCLR0796
New hits link and extend mineralisation associated with previous drill intercepts2 including 6m @ 6.70g/t Au (RCLR0226) and 7.4m @ 4.70g/t Au (RCDLR0707).
These intercepts were treated as µunclassified, and not included in the recent MRE
The continued discovery of new mineralisation within or close to the current MRE will add valuable near-surface high-grade material to the current pit constrained 29.1 Million tonnes at 1.2g/t Au for 1.105 Million ounces of gold .
Drilling continues, with step-out testing around these excellent results and working through a range of exciting exploration targets, including infill drilling at the Cleo discovery and initial testing of structural targets that sit under soil cover and along strike from known mineralisation
*intercept contains one or more composite sample that will now be resampled at 1m intervals.
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Rebecca RC Drilling
Ongoing drilling at the 840,000 oz Au Rebecca deposit, part of Apollo’s 100%-owned Lake Rebecca Gold Project approximately 145 km east of Kalgoorlie in Western Australia, continues to make significant progress, with exploration and resource definition work finding new gold mineralisation at shallow depths along the eastern margin of the mineralised system, and upgrading areas where gold mineralisation within the optimised Rebecca pit shell was not yet drilled to a density that allowed resource classification.
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For brevity, this summary has been redacted, to read the full news release, please click HERE
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Disclosure
The writer currently owns shares in Apollo Consolidated, bought in the market at the prevailing price on the day of purchase.
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