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Apollo Consolidated Ltd.
Summary
| Project: | Boundiali | |
|---|---|---|
| Deposit: | Antoinette | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 11/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-11-2016: Apollo Consolidated Ltd. announces an Exploration/Drilling Update report for its Antoinette deposit at the Boundiali project. Drilling results incl. 17m @ 22.52g/t Au from 8m. Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to r | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Castleden (Internal) | |
| ABSTRACT: | Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to report that a second phase of reverse circulation (RC) drilling testing the Trench Zone of the Antoinette gold discovery has continued to return high-grade gold intercepts. During October and November 2016 Apollo completed a total of 20 RC drillholes over 700m of strike at the Trench Zone prospect. A brief RC program July 2016 returned some significant intercepts in this area (see ASX announcements 12th and 18th August 2016), and led to commitment to more detailed drilling. All assay results from the Phase 2 RC program have been received and are reported here. Analysis confirms the presence of a strong gold system, with significant high-grade gold intercepts in the oxide profile and narrower zones of good gold values in fresh-rock. Gold mineralisation is largely hosted by a steeply-dipping altered sandstone (greywacke) and minor black shale package that is flanked and intruded by diorite dykes. The intrusive rocks are less mineralised and may truncate mineralised positions, particularly to the SW of section 6900N where diorite becomes the dominant rock type. Alteration consists of silica, carbonate and sericite, accompanied by fine quartz veinlets and disseminated sulphides. Sulphide mineralogy is pyrite +/- arsenopyrite. Alteration is interpreted to be near-vertical and has been logged over zones >50m downhole. Stronger gold grades in fresh rock are associated with quartz/silica veining and increased sulphide content. | |
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