Apollo Consolidated Limited (ASX: AOP) has hit a number of high-grade intersections in a new drilling campaign at its 100% owned Lake Rebecca Gold Project the West Australian goldfields.
To date four diamond drill hole ‘tails’ have been completed for 854m, testing extensional targets below the Rebecca deposit, and 11 RC drill holes for 2,090m have tested delineation and exploration targets and precollar holes drilling along the 1.7km long Rebecca mineralised corridor, as well as the first two step-out exploration holes at Duchess.
Highlights of the first results from the Rebecca programme include:
- 10m @ 1.26g/t Au, 19m @ 1.67g/t Au & 34m @ 0.94g/t Au;
- 15m @ 1.85g/t Au and 7m @ 1.42g/t Au; and
- 12m @ 3.39g/t Au.
While at the Laura structure one hole intersected 4.73m @ 19.10g/t Au; including 1m @ 79.8g/t Au.
The Rebecca deposit contains 775,000 ounces of gold at 1.3g/t Au (at a 0.5g/t Au cut-off) constrained within a A$2,250/oz optimised pit shell. Drilling is now focusing on expansion and delineation targets in and around the pit shell and testing down-dip and down-plunge targets.
Managing Director, Nick Castleden, said the intercepts demonstrate the potential for higher grade positions to be delineated below current Mineral Resources.
Mr Castleden said this first batch of 2020 exploration drill results has started on the process of expanding on the +1Moz Mineral Resource endowment at the Project, led by work around the flagship 775,000-ounce Rebecca deposit.
He said the identification of higher-grade material in a step-out test of the Laura structure shows that the Rebecca system remains ‘live’ and open below the Mineral Resource. Follow-up diamond drill holes are planned for this target and other nearby down-plunge structural targets.
Mr Castleden said the search for new, shallow mineralised material will continue over coming months, with preparation underway for extended RC drilling and deeper diamond drilling targeting open higher-grade positions, plunge corridors and emerging structural targets identified in independent structural geological reviews.
Shallow RC exploration drilling will also continue to scope the highly prospective structural corridor between the Rebecca discoveries and Duchess and between Duchess and Cleo, and step- out drilling will be carried out to expand the Duke and Duchess mineralised systems.