Apollo Consolidated Limited (ASX: AOP) has confirmed the Cleo gold discovery at its 100%-owned +1Moz Lake Rebecca Gold Project located 150km east of Kalgoorlie in the West Australian goldfields.
Five additional exploration RC holes have now been completed at Cleo to bring drilling to 100m line spacing. Assays from these holes returned high grade intercepts, including the best to date for this discovery.
Scissor drill hole RCLR0635 returned a standout fresh-rock intercept of 38m @ 2.00g/t Au from 65m incl. 2m @ 20.4g/t Au from 74m, as well as an oxide intercept of 5m @ 2.75g/t Au from 30m.
Managing Director, Nick Castleden, said these intercepts sit in widespread gold anomalism totalling 113m @ 0.46g/t Au EOH from 31m (calculated at >0.20g/t Au and a 1g/t top-cut).
Drill hole RCLR0636 located 100m to the north also intersected widespread anomalism (70m @ 0.34g/t Au from 15m) and fresh rock results to 2m @ 9.39g/t Au from 47m incl. 1m @ 17.2g/t Au from 48m.
Drilling to date has identified a substantial mineralised zone at Cleo, particularly on drill section 6641820N where the anomalous zone is at least 150m wide.
Mr Castleden said the success at Cleo is part of ongoing exploration drilling which is being undertaken concurrently with continued infill and extensional drilling at the flagship Rebecca deposit.
The recent drilling at the Lake Rebecca Gold Project has been focused on exploration at Cleo and resource definition at the Duchess deposit, as well as exploration drill holes along the 4km structural zone between the two areas.
Meanwhile, at the Duchess deposit drilling continues to progress as expected with further significant intercepts received, most of which are interpreted to be close to true width. Intercepts support and may extend the pit-constrained maiden Inferred Mineral Resource of 180,000oz @ 1.0g/t Au reported in February this year, particularly toward the north-east.
Mr Castleden said this set of drilling results continues to show that the Lake Rebecca Gold Project holds significant greenfield exploration upside, with the emergence of high-grade mineralisation in a new host rock at Cleo driving exploration forward at this location. Next steps here will include diamond drilling to determine the orientation of gold structures, and infill RC drilling.
