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Apollo Consolidated Ltd.
Summary
| Project: | Korhogo | |
|---|---|---|
| Deposit: | Liberty | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 7/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2017: Apollo Consolidated Ltd. announces an Exploration/Drilling Update report for its Liberty deposit at the Korhogo project. Drilling results incl. 40m @ 0.89g/t Au from 0m. Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to report t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Castleden (Internal) | |
| ABSTRACT: | Apollo Consolidated Limited (ASX: AOP, the Company) is pleased to report that aircore drilling has delivered excellent composite gold results from a number of locations along its ‘Liberty’ soil anomaly, Korhogo project in northern Cote d’Ivoire (Figure 1). This second phase of aircore drilling was designed to test structural targets seen in highquality ground magnetic imagery acquired this year, and to follow-up widespread gold anomalism identified in 2016 reconnaissance traverses*. Fourteen short traverses of angled aircore on lines between 200m and 800m apart were completed (Figure 2) in this program, for 4,004m. All results are reported here. Analytical results continue to show that the Liberty anomaly sits on a regional-scale structural corridor, with >0.10g/t Au anomalism returned on all lines drilled to date. Importantly the current program has started to demonstrate potential for grade and strike continuity, with all significant intercepts open to strike and depth. All Liberty 1, 2 & 3 gold intercepts correspond to zones of increased quartz veining in variably oxidised schists and fine-grained chloritic sedimentary rocks. A notable change in lithologies is seen in the CZ East prospect area (between Liberty 2 and 3), where two traverses of aircore intersected felsic schists and granitic rock types. It is now clear that this regional-scale geochemical feature has potential to deliver significant >1.0g/t gold mineralisation, with the key targets being zones of increased dilation and complexity within the wider structural corridor. Whilst drill testing is at an early stage this latest phase of work has thrown up a number of mineralised surfaces for priority follow-up. The Company intends to continue to work up additional drilling targets during the current West African wet season, and re-initiate infill, step-out and first-pass aircore drilling as soon as access & cropping allows Q4 2017. | |
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