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Apollo Minerals plans drilling early next year at zinc-lead project in Gabon

The company continues to carry out surface exploration comprising soil surveying, geological mapping and rock chip sampling.

Apollo Minerals - Apollo Minerals plans drilling early next year at zinc-lead project in Gabon
High-grade, near-surface zinc and lead has been identified at Kroussou in Gabon

Apollo Minerals Limited (ASX:AON) continues to carry out surface exploration programs to further assess identified prospects and to generate new targets within the Kroussou Zinc-Lead Project in Gabon.

This work includes soil surveying, geological mapping and rock chip sampling with initial samples sent for laboratory analysis.

Drilling plans

Results are expected in the coming weeks and these will be used to assist in planning a drilling program early next year.

Apollo intends to drill a number of high-grade, shallow lead and zinc targets identified from surface sampling and previous exploration work.

Shares have been up as much as 21% in early trade to 3.5 cents.

Zinc-lead occurrences

More than 150 zinc-lead mineral occurrences have been identified over a more than 70-kilometre strike length of prospective geology within the project area.

The mineral occurrences are associated with 18 channels, each representing an exploration target with the potential to host significant shallow, zinc-lead mineralisation.

Only four of these 18 prospects have been drill tested to date, with all four channels intersecting zinc-lead mineralisation at very shallow depths.

Kroussou project highlighting 18 prospects.

Contact with Ministry

A new Minister of Mines in Gabon has recently been appointed and the company’s in-country representatives continue to be in regular contact with the Ministry.

This contact is centred on the issuance of a Mining (Exploration) Convention for the project.

As a result, the company has extended the conditions precedent end date contemplated in the earn-in agreement with Trek Metals Ltd (ASX:TKM) for the Kroussou project to March 2, 2020.

This agreement entitles Apollo to earn-in an interest of up to 80% in the project.

Shallow deposits

Apollo is continuing to focus on defining a large-scale, shallow open-pittable, high-grade zinc-lead mineral resource at the project.

Kroussou consists of one prospecting licence covering 986.5 square kilometres in Ngounié Province, western Gabon, 220 kilometres southeast of the capital city of Libreville.

The project is a large-scale, near-surface zinc-lead project with exploration to date validating the potential for the discovery of province-scale base metals.

Quick facts: Apollo Minerals

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Apollo Minerals enters earn-in for zinc-lead project

Apollo Minerals Limited (ASX:AON) has entered an agreement to earn into a highly promising zinc and lead project in the African country of Gabon. Apollo's Executive Director Hugo Schumann tells Proactive London how the agreement will see the company earn an interest of up to 80% in the Kroussou...

on 3/9/19

2 min read