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Apollo Consolidated Ltd.
Summary
| Project: | Rebecca | |
|---|---|---|
| Deposit: | Bombora, Duke, Redskin | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-9-2016: Apollo Consolidated Ltd. announces an Exploration/Drilling Update report for its Bombora, Duke, Redskin deposit at the Rebecca project. Drilling results incl. 35m @ 1.41g/t Au from 96m at Duke. Apollo Consolidated Limited (ASX: AOP, the Company) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Castleden (Internal) | |
| ABSTRACT: | Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to report that reverse circulation (RC) drilling carried out this month at the Bombora, Duke and Redskin prospects has returned substantial gold intercepts at all three areas. Gold mineralisation at Rebecca is associated with broad zones of disseminated sulphide in gneissic rocks, and the current results continue to demonstrate that this 100% owned gold project has potential to deliver volume, and where sulphide content increases, significant grade. All prospects have under-explored strike and depth extensions (Figure 1). At Bombora, two RC holes were drilled in the vicinity of the RCLR0161 intercept of 42m @ 7.75g/t Au in order to establish the dip and plunge to this particular shoot (Figure 2). Drillhole RCLR0185 penetrated the target 30m below the RCLR0161 intercept and returned a combined 28m of sulphide mineralisation in two zones, with a best result of 14m @ 2.93g/t Au from 108m downhole, including 2m @ 9.80g/t Au in strongly sulphidic lode material. The position of the sulphidic zone in this hole has confirmed that mineralisation is nearvertical (Figure 3) and possibly controlled by NE-SW trending structure cutting north-trending gneissic rocks (Figure 2). The broader prospect area is characterised by a strong NE-SW magnetic response (Figures 1 & 2) and mineralisation throughout the >600m long prospect may be locally arranged in this orientation. Mineralisation in the vicinity of RCLR0161 (‘161 Lode’) is shown in long-section view on Figure 4. Drillhole intercepts along the plane of the interpreted structure indicate wide gold zones on an open surface. Narrower high-grade present in a number of holes and additional drilling is required to determine the plunge orientation of higher grade material. | |
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