Apollo Consolidated sees positive drilling results continue at Lake Rebecca gold project

Gold exploration junior Apollo Consolidated (ASX: AOP) has announced “more outstanding results” from drilling extension activities at the Jennifer lode within its 100% owned Lake Rebecca project in Western Australia.

Jennifer is a significant body of gold mineralisation discovered in 2017 and defined over an area within the prospect extending 275 metres along strike, approximately 220m vertical and up to 25m true width.

Drilling has been targeting extensions to the lode and Apollo says positive assays have been returned to date, with the first step-out hole at the north end of the lode (RCLR0236) recording a best intercept of 59m at 3.22 grams per tonne gold from 150m.

It included a coherent high-grade segment of 28m at 5.06g/t gold from 170m, with 1m at 17.09g/t gold from 182m and 1m at 11.19g/t gold from 192m.

A second, deeper hole at RCLR0242, 25m north of RCLR0236, intersected 6m at 2.79g/t gold from 228m followed by 18m at 1.40g/t gold from 240m to completion.

The lower intercept was comprised of four composite samples, and will be resampled at 1m intervals.

At the southern end of the lode, infill hole RCLR0237 hit 21m at 5.46g/t gold from 141m downhole, including 1m at 10.98g/t gold from 148m and 1m at 24.64g/t gold from 160m.

Apollo said the hole – drilled to determine the orientation of the gold mineralisation at that location – was “strong confirmation” of a high grade, east-dipping geometry.

Meanwhile, drilling on the eastern side of the lode has begun to outline a discrete granodiorite intrusion believed to form the footwall to the central part of the Jennifer lode system.

Additional drilling is planned to further define the geometry of the body and determine its influence on the prospect’s gold distribution.

Today’s results provide Apollo with strong evidence that the Jennifer system has substantial width and grade northward.

“The reported intercepts are typical of others within the lode and show a strong grade continuity throughout the mineralised zone,” the company said.

“Drilling is continuing to improve [our] geological understanding of what [we] consider to be a large mineralised system at the Rebecca prospect, and of the Jennifer Lode area.”

Apollo said drilling activities will continue over the coming weeks and will be extended as required.

At midday, Apollo shares were up 5.88% to $0.18.