Apollo Consolidated Limited – New Gold Discovery

Apollo Consolidated Limited logo   Apollo Consolidated (ASX:AOP)

Announced the discovery of new gold zones at the Lake Rebecca gold project in Western Australia, following results of recent geotechnical drilling.

Diamond drilling conducted for geotechnical purposes at the Jennifer structure uncovered up to 7.4 meters at 4.7 grams per tonne grade of gold outside known resource.

 

Apollo Consolidated ASX : AOP
Stage Exploration
Metals Gold
Market cap A$102 m   @ 35c
Location Kalgoorlie, Western Australia

 

Apollo Consolidated : Finds New Gold Zones at Lake Rebecca Project

 

Apollo Consolidated (ASX:AOP) announced the discovery of new gold zones at the Lake Rebecca gold project in Western Australia, following results of recent geotechnical drilling.

Diamond drilling conducted for geotechnical purposes at the Jennifer structure uncovered up to 7.4 meters at 4.7 grams per tonne grade of gold outside the known resource.

Results further opened up the potential for further mineralised zones to the east of the geological structure.

Follow-up RC (reverse circulation) drilling will test the new discovery. The drill results will all be incorporated into the project’s updated mineral resource, estimated to be published during Q2 2021.

 

Highlights

Hole 708

  • 12m @ 2.76 g/t Au
  • 16m of 4.12 g/t Au
  • 6m @ 5.1 g/t Au

Hole 707

  • 7.4m @ 4.7 g/t Au

Hole 706

  • 10m @ 1.24 g/t Au
  • 17m @ 0.9 g/t Au

 

Apollo Consolidated Limited Lake Rebecca drill plan

Apollo Consolidated Limited Lake Rebecca drill plan

 

For brevity, this summary has been abridged, to read the full news release, please click HERE

 

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Disclosure

At the time of writing the writer owns shares in Apollo Consolidated Limited,  bought in the market at the prevailing price at the time of purchase.