At the Company’s key Rebecca Project, located 150km NE of Kalgoorlie Western Australia an initial reverse circulation (RC) and diamond drilling program returned strong gold intercepts and initiated immediate follow-up drilling. The Jennifer Lode discovery now continues to develop into a high-grade gold discovery. Structural study work points to a south-plunging geometry in a west-dipping suite of gneiss & intrusive rocks. The setting supports potential for long-lived shoots typical of high metamorphic grade gold system and December 2017 Reverse Circulation (RC) drilling has expanded the known mineralised system for at least 150m southward. Excellent initial metallurgical results also indicate potential for >90% recovery through conventional processing.
The Jennifer Lode is a structurally controlled zone of alteration and disseminated sulphides within the >750m Bombora prospect, which is one of three prospects at the Rebecca Gold Project. Apollo owns 100% of the project, with a 1.5% NSR royalty held by a third party.
The Yindi project covers greenfield gold targets close to the Mulgabbie Shear, 25km SE of Saracen Minerals’ >1Moz Carosue Dam gold deposits. The project is located approximately 40km north of Breaker Resources Ltd (ASX-BRB) Lake Roe project, and on the same structural zone. Historical intercepts up to 11m @ 2.15g/t Au at the Airport prospect indicates mineralising fluids have been active in the area.
The Louisa nickel sulphide project is situated in the King Leopold mobile belt of the southern Kimberley region of WA, in a geological setting similar to the Fraser Range belt. The Louisa property covers a string of aeromagnetic features considered to be mafic-ultramafic intrusive bodies, most of which have received no previous exploration.