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Apollo Consolidated Ltd.
Summary
| Project: | Boundiali | |
|---|---|---|
| Deposit: | Antoinette - Trench Zone | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 7/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-7-2016: Apollo Consolidated Ltd. announces an Exploration/Drilling Update report for its Antoinette - Trench Zone deposit at the Boundiali project. Drilling results incl. 14m @ 11.24g/t Au from 12m. Apollo Consolidated Limited (ASX: AOP, the Company) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Castleden (Internal) | |
| ABSTRACT: | Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to report that a maiden reverse circulation (RC) drill program testing the Trench Zone of the Antoinette gold discovery has returned a number of high-grade gold intercepts. Apollo completed seven RC drillholes of a planned 10-12 hole inaugural program at the Trench Zone, and the assay results from that work are reported here. The Company considers that the results confirm the presence of a strong gold system in this area, with all drillholes returning significant gold intercepts within a broad alteration system. The Trench Zone is a NE-SW orientated zone of bedrock gold mineralisation that extends over at least 600m strike. The prospect lies within the larger Antoinette anomaly, an extensive (>7km long x 2km wide) area of >20ppb gold-in-soil anomalism. RC drilling was carried out below excellent aircore results in oxidised (weathered) bedrock along the Trench Zone, where composite aircore samples had previously demonstrated strong continuity over seven 100m spaced traverses (Figure 1). All 7 RC holes drilled on the Trench Zone have intersected significant zones of gold mineralisation in an altered sandstone and shale horizon between diorite & dolerite intrusive rocks. Alteration in the host sandstone unit consists of silica, carbonate and sericite, accompanied by fine silica veinlets and disseminated sulphides. Alteration is interpreted to be near-vertical and has been logged over zones >50m downhole. Higher-grade gold mineralisation appears related to zones of quartz veining, particularly around the margins and within black shale units (see Appendix 1). Shale horizons appear to be sub-vertical, but the orientation of veining is unknown. Broader low-grade and anomalous gold results are related to zones of increased disseminated sulphides (to approximately 5% of rock total) within the alteration system. | |
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