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Apollo Consolidated Ltd www.apolloconsolidated.com.au

Apollo Consolidated Ltd (ASX:AOP) is focussed on gold and nickel exploration in West Africa.

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Apollo Consolidated receives gold assays from the Cote d’Ivoire

Friday, February 26, 2016 by Proactive Investors

Apollo Consolidated has received first assays from a drill programme at the Korhogo gold project in Ivory Coast, and the results confirm soil anomalism is sourced from an underlying shear zone of considerable width and strike

Apollo Consolidated has received first assays from a drill programme at the Korhogo gold project in Ivory Coast, and the results confirm soil anomalism is sourced from an underlying shear zone of considerable width and strike

Apollo Consolidated (ASX:AOP) has received first assays from a drill programme at the Korhogo gold project in northern Cote d’Ivoire carried out in sections of the 20 kilometre long ‘Liberty’ soil anomaly, which reveal an underlying shear zone with some promise.

Assay results for the second batch of samples are expected in the coming weeks.

Interestingly, the prospect is on the Tongon-Banfora greenstone belt, with the Tongon gold operations of Randgold Resources LON:RRS), which is 4 million ounce contained gold deposit, located 60 kilometres to the northeast.

Apollo is active in the Cote d’Ivoire where it has the advanced Seguela Project and strong early stage gold prospects as well as Korhogo and Boundiali permits.

The Seguela gold project is where Apollo has an option agreement with Newcrest Mining (ASX:NCM) for it to make tranched payments to acquire 80% of the project. Newcrest will manage and fund all exploration on the property.

Earlier this month, Apollo received gold assays from its Boundiali project, which is also in northern Ivory Coast.

The Antionette prospect delivered some strong gold intercepts, including 4 metres at 13.8g/t gold, 11 metres at 3.71g/t gold, 16 metres at 1g/t gold and 9 metres at 3.71g/t gold.

The Antoinette anomaly extends over at least 2 kilometre length and up to 1 kilometre width and remains open to the east.

 

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