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Market:ASX
Sector:General Mining
EPIC:AON
Latest Price: 0.04  (0.00%)
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Apollo Minerals

Apollo Minerals (ASX: AON) is an iron ore exploration company advancing two wholly owned projects - the Mount Oscar Project in the Pilbara region of Western Australia and the Commonwealth Hill Project in South Australia.

 

At Mount Oscar, Apollo Minerals has a total exploration target of 500Mt of magnetite-bearing banded iron formation at 31-37% Fe.

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Apollo Minerals intersects banded iron formation at Mount Oscar

Friday, November 26, 2010
Apollo Minerals intersects banded iron formation at Mount Oscar

Apollo Minerals (ASX: AON) has successfully intersected the targeted banded iron formation (BIF) from three of the four reverse circulation drill holes in the current program for 721 metres, at the Mount Oscar Magnetite Project, near Karratha in Western Australia, which has an exploration target of 350-650 million tonnes at 31-37% Fe.

The drill holes which intersected the BIF with down-hole intersections ranging from 66m to 111m, which represent true widths from 50m to 85m, which has similar characteristics to those identified during the surface mapping.

Results are expected in the first quarter 2011.

Geological mapping carried out earlier this year by Apollo defined BIF Unit A over a strikelength of approximately 1.4km within Apollo’s ground, with estimated true width varying between 60m and 120m.

Mapping showed BIF Unit A to have high jasper content (50‐70%), with bands of intergrown magnetite and silica ranging up to 30‐50%, with the magnetite within these bands predominantly fine-grained, with some coarser-grained magnetite occurs intergrown with quartz.

 

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