Apollo Minerals Prepares To Drill At Salanie Gold Project Following Bonanza Gold Finds

Apollo Minerals Ltd (ASX: AON) is looking for a big gold discovery at the Salanie Gold Project in Gabon following visible gold found in quartz veins.

Quartz vein assays of 429g/t gold and 125g/t gold and high-grade rock chip samples of 306g/t gold and 111g/t gold have boosted confidence in a discovery.

The geochemical program collected 2,000 soil samples covering the entire untested 12-kilometre Archaean greenstone belt.

The belt bears similarities to Western Australian Archaean gold deposits which host multi-million-ounce deposits.

Site drilling activities are expected to commence in the next quarter for a planned 2,000-metre diamond drilling program.

Extensive trenching was undertaken at the A1, A2, and A3 prospects to provide additional targeting information for the drill program.

Assay results are pending for both the trenching and soil sampling programs.

Salanie has had historical gold production for 10 years in the mid-1900s and is untested by modern exploration technology.

The project is located 20 kilometres from the major town of Lambarene, with a sealed highway to the entrance.

Neil Inwood, managing director, commented:

“There are not many untested greenstone belts left globally and we eagerly await the assay results of the soil sampling and trenching program which covers 12 kilometres of strike.

“The results, pending from the recent fieldwork, are expected to be received from the laboratory in the coming weeks.”

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