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Apollo Consolidated Ltd.
Summary
| Project: | Rebecca | |
|---|---|---|
| Deposit: | Rebecca | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2020: Apollo Consolidated Ltd. announces an Exploration/Drilling Update report for its Rebecca deposit at the Rebecca project. Drilling results incl. 22m @ 3.44g/t Au from 361m. A significant gold intercept of 22m @ 3.44g/t Au has been returned from | |
| Resources: | (Resource, I+I): 27.1Mt @ 1.2g/t Au at project | |
| CP/QP: | [Reserve] n/a (n/a) | |
| ABSTRACT: | A significant gold intercept of 22m @ 3.44g/t Au has been returned from 361m in RCDLR0454, a drill hole that tested a down-dip exploration position below the Maddy mineralised structure, well beneath the central part of the pit-constrained Rebecca Mineral Resource. The intercept includes a highergrade zone of 13m @ 5.10g/t Au including 1m @ 32.26g/t Au. This hit sits approximately 120m below previous drill intercepts on the Maddy structure and adds to the interpretation that higher-grade zones continue below current Mineral Resources. The result is supported by extensional intercepts on the Laura structure reported in recent months2 , including 4.73m @ 19.10g/t Au and 5m @ 5.53g/t Au (Figure 2). The Rebecca structures clearly remain µliYe and open¶ aW depWh and results point to the potential for additional mining activities at the Project. Figure 1. Regional location of Lake Rebecca Gold Project (LHS) and location of Rebecca, Duchess and Duke gold deposits on aeromagnetic imagery (RHS), showing outline of optimised pit shells, Mineral Resource estimates and all RC and/or diamond drill collars, colour-coded for peak downhole gold values. Refer to Notes 1 and 2 for details of Mineral Resource reporting and previous RC and diamond drilling activities. Ongoing diamond drilling will build geological confidence around this intercept, as well as continuing to test down-dip extensions of high-grade intercepts on the Laura structure. Several additional pre-collar RC holes have been completed in preparation for this work. | |
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