Korhogo Project

Apollo earning up to 80%.

Location & Geology

Korhogo is a 1,000 square kilometre early-stage project situated at the intersection of two strongly-endowed greenstone belts in the central north of the country. Randgold Resources’ 4.3Moz Tongon project is located 40km along strike to the north east, and Gryphon Minerals’ 2Moz Banfora project lies a further 30km along strike. Perseus Mining’s Sissingue deposit lies some 50km to the north. The confluence of two proven belts represents excellent greenfield prospectivity. The permit is underlain by Birimian meta-sedimentary and volcanic rocks, flanked by regional granitic domes. Small felsic and mafic intrusions are present within the sedimentary sequences. The area is characterised by widespread laterite cover, either as in-situ capping or cemented re-worked gravels. Geological exposure is relatively limited, but mafic intrusive rocks and quartz veining has been observed in outcrop in places.
The main service town of Korhogo lies in the south of the permit. This is the capital of the Senufo people and has a population of 174,000 and it offers good logistics and supply possibilities. Access is by sealed road from Abidjan, a distance of 549km from Abidjan. There is an airstrip at Korhogo allowing access to light aircraft. Within the permit, access is moderately good along dirt tracks.
Apollo, through its 100% owned subsidiary Aspire Côte d’Ivoire has the right to earn up to a 80% ownership in the permit through a partnership agreement with local company Golden Oriole Côte d’Ivoire.

Past Exploration

There is little documented past exploration in the project area and Apollo considers this an early-stage property in a strongly prospective setting. In order to build first-pass geochemical information LAG samples were collected from surface material close to access tracks, with a total of 622 first-pass LAG samples assayed during 2010. Anomalous results were returned in several sites and a validation infill lag sampling program has been carried out over these areas. A total of 180 validation samples were collected, the results of which have confirmed that there is significantly anomalous clusters of samples in five locations. Most importantly the assays have defined a corridor of >50ppb Au anomalism coincident with the Tongon-Banfora structural trend, and individual results elsewhere of up to 1,080ppb Au.

Regional geology and location of anomalous LAG samples Korhogo Project

Composite LAG sampling Korhogo Project

Future Exploration & Objectives

While the Korhogo property has subdued relief and limited geological outcrop through widespread laterite cover, LAG and subsequent validation sampling has shown that some areas can be progressed through the use of surface geochemical techniques, and there are local exposures of quartz veining. Local infill soil programs have been carried out on 400m x 100m grids in five locations to follow-up clusters of >50ppb Au first-pass results. Results are awaited from this work. Apollo will continue to build the geochemical picture in the project area with the aim of defining drill-targets suitable for auger or RAB geochemical drilling when permitting allows.

Quartz veining exposed through laterite gravel Korhogo Project