Apollo Consolidated Limited (ASX: AOP) announced that the drilling program currently underway at its Lake Rebecca Gold Project in the West Australian goldfields has delivered strong gold mineralisation with grades peaking at 15.3g/t gold.
The company said that the ongoing shallow infill drilling at the 775,000-ounce Rebecca Deposit has delivered strong gold hits that support and extend Mineral Resources.
AOP said that each of five infill RC holes hit gold in expected target locations, with additional mineralisation added in hangingwall gold structures. Highlights include 13m @ 2.96g/t Au & 4m @ 2.97g/t Au; 9m @ 3.81g/t Au, 15m @ 1.27g/t Au (hangingwall) & 1m @ 15.3g/t Au (hangingwall); 18m @ 1.79g/t Au (hangingwall); 7m @ 3.33g/t Au & 9m @ 1.19g/t Au; and 5m @ 2.09g/t Au.
Apollo reported that the RC exploration and pre-collar drilling continues, with current activity focusing on extensional, infill, and step-down drilling at Rebecca and infill and step-out drilling at the new Cleo discovery, Duke, and Duchess. The company said that diamond drilling continues to test step-down exploration targets at the Rebecca deposit.
Lake Rebecca gold project
The Lake Rebecca Gold Project comprises ~160km2 of tenure located approximately 145km east of Kalgoorlie, covering a greenstone belt on the eastern margin of the Norseman-Wiluna Greenstone Belt.
The project contains three advanced and growing gold discoveries – Rebecca (previously named Bombora), Duke, and Duchess (previously named Redskin), in which gold mineralisation is hosted by broad zones of disseminated sulphides in gneiss.
Drilling at Lake Rebecca
The company had recently commenced shallow infill drilling at the Lake Rebecca project. AOP said that the drilling was designed to expand on February 2020 maiden combined in-situ Mineral Resources1 of 27.1 million tonnes at 1.2g/t Au for 1.035 million ounces of gold (at a 0.5g/t Au cut-off & constrained within A$2,250/oz optimised pit shells).
The company said that it has now received the results from five RC exploration drill holes for 1,430m. Apollo said that all of these 5 RC holes were drilled to add geological confidence around the margins of the high-grade Jennifer structure, which is one of the mineralised bodies in the 1.7km long, 775,000-ounce Rebecca deposit.
The company said that the drilling of this zone and adjacent Maddy and Laura structures are being carried out to a 25m x ~40m drill density to de-risk future mine studies.
Strong gold intercepts
The company reported strong gold mineralisation from all five RC holes – RCLR0678, RCLR0679, RCLR0680, RCLR0681, and RCLR0682 confirming and in places extending the existing Mineral Resource block model.
Significant Jennifer intercepts include 13m @ 2.96g/t Au and 4m @ 2.97g/t Au from 270m in RCLR0680, 9m @ 3.81g/t Au from 255m in RCLR0681 and 7m @ 3.33g/t Au (including 1m @ 19.7g/t Au) from 231m in RCLR0679.
AOP said that significant new mineralisation was also intersected in hangingwall structures that lie to the west of Jennifer including 18m @ 1.79g/t Au from 168m in precollar hole RCLR0682, 15m @ 1.27g/t Au from 85m, and 1m @ 15.3g/t Au from 65m in RCLR0681 as well as a number of other intercepts.
The company said that these hangingwall structures fall inside the current optimised pit shell but outside the existing Mineral Resource block model and may add to future resource estimations at the deposit.
AOP reported that the RC exploration and pre-collar drilling at Rebecca continues, with ongoing drilling testing key infill positions on the Jennifer, Maddy, and Laura structures in the deeper portions of the optimised pit shell.
Latest updates and ongoing drilling
Apollo reported that RC drilling has been carried out on infill and extensional positions at the new Cleo discovery, an area of widespread gold anomalism (such as 113m @ 0.46g/t Au to end of hole), and mineralised intercepts to 38m @ 2.00g/t Au.
The company said that twelve RC holes have been completed and a further six are planned. AOP said that samples are currently at the laboratory.
AOP reported that exploration drilling continues to test under-explored structural targets lying between Cleo, Duchess, and Rebecca, as well as key resource-definition positions at Duchess and Duke. The company said that the results will continue to be reported as they come to hand.
The Company announced that it remains in a strong financial position to continue the ongoing exploration work at Lake Rebecca, with $19.8M in consolidated cash as at 30th September 2020. Apollo also continues to retain a valuable royalty interest over the +1Moz Seguela gold project3 (Roxgold Inc. TSX: ROXG) in central Cote d’Ivoire.
AOP said that additional results are expected regularly over the coming months from the ongoing exploration and Mineral Resources extension drilling.
Apollo said that the next stage of exploration work will consist of follow-up RC pre-collars and diamond drilling to continue to scope lateral and plunge extensions of structures and to test new targets.
The company said that additional surface geophysical surveys may be commissioned. Apollo reported that a re-estimation of contained Mineral Resources will also be carried out in due course.