Apollo Minerals hits high-grade gold at Salanie in Gabon
Published: 22:34 11 Dec 2024 GMT
Apollo Minerals Ltd (ASX:AON, OTC:APOMF) managing director Neil Inwood spoke with Proactive’s Tylah Tully about the latest assay results from the A1 prospect within the Salanie Gold Project in Gabon.
Inwood revealed that recent drilling intersected high-grade shallow gold mineralisation, including a standout 12-metre interval grading 4 g/t gold from just 9 metres downhole.
“This is the first-ever drilling in this region and we’ve hit the zone exactly where we expected it, aligning with visible gold observed in trenching results,” Inwood explained.
The intersection confirms the project’s potential, with mineralisation extending along strike to the east and west, dipping shallowly to the north.
These results are pivotal as Apollo prepares for an extensive drilling program in 2025, with Capital Drilling engaged as a partner.
Reflecting on achievements, Inwood noted that Apollo had rediscovered a historic gold mine last explored in 1953. Over two years, the company conducted geochemical mapping, magnetic surveys and trench sampling, generating four high-priority targets for further exploration.
Looking ahead, Apollo Minerals plans to commence early-stage drilling in 2025, focusing on brownfield and greenfield targets to expand its findings.
Inwood also encouraged investors to review their entitlements as the company advances its ambitious exploration agenda.
