Exploration Update - Salanie Gold Project

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Stock Apollo Minerals Ltd (AON.ASX)
Release Time 5 May 2025, 9:30 a.m.
Price Sensitive Yes
 Exploration Update - Salanie Gold Project
Key Points
  • Assay results received for first 8 of 14 holes in 2025 Phase 2 drilling
  • Drilling identified shallow, high-grade gold mineralization at A1 and P6 prospects
  • Quartz-sulphide veins encountered along +180m trend at P6
Full Summary

Apollo Minerals Limited provided an update on the 2025 Phase 2 drilling program at the Salanie Gold Project in Gabon. Assay results have been received for the first eight holes, with five holes outstanding. The 2025 drilling campaign focused on untested targets at key prospects (A1, A3 and P6) in addition to extensions to the previously reported high-grade mineralization at A1. Drilling at P6 identified mineralization up to 20g/t Au associated with quartz veining within a felsic intrusive unit. Additionally, a zone of quartz-sulphide veins and veinlets has been identified along a strike trend of +180m in the drilling at P6, with mineralization encountered in all six holes drilled at P6 to date. At A1, significant intercepts include 3.8m @ 1.3g/t Au from 17.5m, with the trend open to the north. Hole SLDD018 drilled to test the Salanie fault position south of the A1 workings intersected a 6m wide zone of brecciation, alteration and quartz veining, approximately 170m south of the A1 Prospect. All remaining holes have been submitted for sample preparation and analysis, with pending assays expected in the current quarter.