Apollo Consolidated Limited (ASX: AOP) report that ongoing drilling at its flagship Lake Rebecca Gold Project in Western Australia has confirmed a new strongly mineralised lode position located between the Jennifer and Laura Lodes.
The new surface named the ‘Maddy Lode’ links Jennifer ‘hangingwall’ mineralisation to the Jennifer NE mineralisation. Significant new intercepts have been obtained on Maddy Lode, as well as new gold hits along the overlying Laura surface. Apollo said both Maddy and Laura lie within the 1.7km long Rebecca mineralised corridor.
New hits on the Maddy Lode include 35m @ 1.11g/t Au, 19m @ 1.35g/t Au & 16m @ 1.36g/t Au and 14m @ 1.25g/t Au.
The results add to recently released strong intercepts on the same surface including 29m @ 4.10g/t Au and 30m @ 1.45g/t Au, as well as wide Jennifer NE intercepts.
Apollo told the ASX that the confirmation of the new Maddy Lode mineralised lode surface demonstrates the potential of the Rebecca mineralised corridor to reveal exciting new mineralised positions as drilling progresses.
The company is continuing RC drilling at the Project, with the current focus on extensional drilling to test open dip and strike positions on Maddy Lode, examine the potential for high-grade mineralisation in the southern part of Laura Lode, as well as shallow exploration RC drilling at the Cleo, Duke and Rebecca south areas.
Exploration drilling will also progress into the 4km long highly prospective structural corridor between the Rebecca discoveries and Duchess.
The company has initiated several independent geological reviews of the status of drilling along the key Rebecca mineralised corridor, all of which it believes have highlighted the strong potential for structural repeats of Jennifer style high-grade lodes along both shallowly-south, and steeply-north plunge orientations.
Apollo believes that the Lake Rebecca Project continues to offer strong potential for commercial development, and it is expected that the Company will maintain an active drilling program for the remainder of 2019 as it heads toward maiden resource estimation,” the company stated.
