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MENAFN - ProactiveInvestors - Australia - 24/11/2012

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(MENAFN - ProactiveInvestors - Australia) Apollo Consolidated (ASX: AOP) will soon start follow-up reverse circulation drilling focusing on the northern extensions of the open Bombora gold system in Western Australia.

The initial six hole program will focus on tracking the broad Bombora zone of anomalism northwards into an area of promising structural complication.

This has the potential to locate additional strongly mineralised positions within the northern extensions of the system.

Reverse circulation drilling earlier this year in the central portion of the Bombora zone returned several very significant gold intercepts confirming that the prospect area had the potential to deliver high-grade mineralisation.

Significant results included:

- 42 metres at 7.75 grams per tonne(g/t) Au including 2 metres at 22.39g/t gold and 3 metres at 65.21g/t gold;
- 22 metres at 2.80g/t gold including 2 metres at 13.41g/t gold and 8 metres at 3.40g/t gold; and
- 1 metres at 15.69g/t gold and 4 metres at 4.76g/t gold.

Aeromagnetic imagery in the Bombora area suggests that high-grade shoots are controlled by the intersection points between NE trending cross structures and the north south mineralised zone.

The untested area to the north of the existing drilling is interpreted to be cut by several strong NE structures and this area is the focus of the current program.

All drillholes on the northernmost previous traverse intersected disseminated sulphide mineralisation, with intercepts to 8 metres at 2.28g/t gold and wide anomalous zones to 49 metres
at 0.57g/t Au indicating the zone is well mineralised in this area.

 






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