Apollo is an Australian Stock Exchange listed gold exploration company based in Perth, Western Australia and operating in Australia and West Africa. It is managed by an experienced board of directors with a background in success in the discovery of mineral deposits and creating company value. It has technical guidance in Africa though experienced staff geologists and consultants based in Abidjan, Côte d’Ivoire.
Through its 100% owned operating subsidiary Aspire Minerals Pty Ltd, and its Ivorian subsidiaries, Apollo holds three granted exploration permits in northern and central Côte d’Ivoire. The exploration package includes over 1,000 square kilometres of prospective Birimian greenstone belts in one of the least explored terrains of the West African goldfields.
Apollo is systematically exploring the three properties for gold using geochemical exploration techniques developed in Australia, where the geology and regolith conditions are very similar. The Company is actively assessing other opportunities in the country, where it sees great opportunity to deliver rapid and cost-effective exploration success.
Its current projects lie on greenstone belts that host million ounce gold deposits along strike, and show local evidence of structural complexity and host-rock alteration. Despite strong prospectivity, widespread gold anomalism in soils and mapped alteration the projects have had limited previous exploration and no drilling activity. Apollo is focused on delivering exploration success through low-cost geophysical and geochemical-based target definition, and exploration drilling. In excess of ten thousand geochemical samples have been submitted to laboratories for analysis with initial results generating several strong and previously unrecognized gold anomalies. Sampling will continue on both first-pass and infill grids ahead of mapping, trench sampling and targeted drilling.
In Australia the Company retains an 100%-owned advanced project named Rebecca and located 150km east of Kalgoorlie in West Australia. The Company sees good potential to extend and quantify known gold mineralisation at three prospects where significant historical drill results include 11m @ 3.24g/t Au, 30m @ 1.39g/t Au, and 28m @ 2.18g/t Au respectively. RC drilling by Apollo during 2012 has discovered strong mineralisation at the Bombora prospect, including a standout intercept of 42m @ 7.75g/t Au. The mineralisation at Bombora extends over 600m of strike and is open in most directions. The Company will continue to explore the Rebecca Project and the Bombora gold system, and will also assess recently recognised nickel sulphide potential in extensive ultramafic rocks.
Elsewhere in Western Australia the Company is exploring for gold at its 100% owned Yindi Project, which lies along strike from the multi-million ounce Carosue Dam group of gold deposits, and has a tenement applications covering promising intrusive-hosted nickel sulphide targets at Louisa.Go To Projects