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Apollo Consolidated Ltd.
Summary
| Project: | Rebecca | |
|---|---|---|
| Deposit: | Bombora | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-8-2017: Apollo Consolidated Ltd. announces an Exploration/Drilling Update report for its Bombora deposit at the Rebecca project. Drilling results incl. 17.84m @ 15.95g/t Au from 142m. Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Castleden (Internal) | |
| ABSTRACT: | Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to report that analytical results have revealed outstanding gold intercepts in inaugural core holes targeting the 161 Lode, a high-grade position at the Bombora Prospect (Figure 1). Bombora is one of three prospects at the Rebecca Gold Project, 150km ENE of Kalgoorlie Western Australia. Both core holes RHD04 and RHD05 intersected wide zones of sulphidic alteration in a felsic gneiss host rock, including substantial zones of significant disseminated (+/- matrix style) pyrrhotite, pyrite and traces of chalcopyrite mineralisation and visible gold (see ASX-AOP announcements 2 nd August 2017 and 16th August 2017). Assay results have provided strong correlation between grade and sulphide content, and between logged visible gold and higher-grade segments (see Appendix 1 for individual sample results). The intercepts are the deepest yet into the 161 Lode position, and indicate that the system is open in all directions (Figure 2). Gold mineralisation is contained within a north-south trending near-vertical disseminated sulphide lode (Figures 3 & 4) that transects felsic gneiss and minor amphibolite. Gneissic fabrics are consistently moderately west dipping, and it is possible that mineralisation is also locally aligned in this orientation. The Company considers the volume of sulphide alteration seen throughout the Rebecca prospects demonstrates that a significant gold system has been active in the area, and the latest results show that the system allows high-grade positions. Gold deposits in gneissic settings are unusual, but they can demonstrate strong down-plunge continuity where found. | |
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