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Apollo Minerals announces initial drilling result at Mars Aurora Tank Project

Apollo Minerals Limited announced that initial drill targets and hole positions have been confirmed for the Company’s Mars Aurora Tank Project.

Highlights;
1. Apollo hasconfirmed initial drill targets at its Mars Aurora Tank JV Project in the Gawler Craton, South Australia;

2. The Mars Aurora Tank prospect may be comparable in size and style to IOCG mineralisation evident at the nearby Prominent Hill Mine situated 110 kilometers to the east

3. Large scale IOCG targets at Bundi South and other Eaglehawk JV sites will also be tested as part of this drill programme

4. Mars Aurora Tank drill hole 14AT001 will test a strong chargeability anomaly possibly associated with highly anomalous surface gold geochemistry

5. Mars Aurora Tank drill hole 14AT002 will test anundrilled, non-magnetic dense body in proximity to historic drilling which returned anomalous iron, copper and gold

5. Drilling to commence within four weeks once all required notices are satisfied.

Apollo’s exploration suggests that Mars Aurora Tank may be comparable in size and style to the nearby Prominent Hill IOCG deposit. The planned Mars Aurora Tank drill holes are part of a larger drilling programme that will test a number of IOCG targets at both the Mars Aurora Tank and Eaglehawk JV Projects where Apollo is earning 75% interests. Analysis of recently acquired gro und gravity data from the Eaglehawk JV is currently being finalised and drill targets for that JV are expected to follow shortly.

Pending satisfaction of drilling no tification procedures, drilling is to commence within four weeks. This drill programme will be Apollo’s largest to date and preliminary results will be available from late September.

The position of the strong chargeability anomaly and highly anomalous gold and light rare earths between the linear dense and magnetic body to the east; and the linear, dense and non -magnetic bodies to the west is similar to the gold and copper mineralisation found at the nearby Prominent Hill IOCG deposit, 110km to the east.

Drill hole 14AT001 will test one of the strong chargeability anomalies possibly associated with highly anomalous surface gold geochemistry identified from recent RAB drilling.

Drill hole 14AT002 will test an undrilled, non magnetic and dense body in close proximity to historic drilling which returned anomalous iron, copper and gold. This hole would verify the potential for haematite alteration and high grade copper mineralisation at depth.

Source – Strategic Research Institute

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