Apollo more than doubles zinc, lead footprint with Kroussou extension
Link copied to
Apollo has increased the footprint of its flagship Kroussou zinc-lead project in Gabon by a massive 140% to capture the potential for large-scale, Mississippi Valley-type mineralisation.
The new Keri exploration permit covers 1,377km2 of ground directly along strike north from and contiguous with the Kroussou exploration permit.
Apollo Minerals (ASX:AON) is certainly not going into the new ground blind with numerous lead-zinc prospects already identified along 55km of strike to the north, extending the existing 80km of prospective strike at Kroussou to about 135km.
Historical records have also identified five new target prospect regions for zinc-lead mineralisation.
Adding further interest, Keri includes the historical Salene Gold Prospect that produced about 5,000oz of gold via small-scale mining in the mid 1900s.
“The potential for further discoveries at Kroussou is immense and very exciting,” managing director Neil Inwood said.
“We know the mineralised trend for potentially large tonnage zinc and lead embayments extends further to the north and that the western region is prospective for high grade structural Mississippi Valley-type mineralisation.
“We now have 100% control over the highly prospective province-scale exploration project and intend to advance towards defining a globally relevant mining project.”
Assays are currently pending from Niambokamba prospect, where the company drilled 24 holes totalling 1,091m to test discrete lobes for base metal mineralisation.
Apollo’s new Keri permit follows the same contact region of western Cretaceous sediments and eastern Paleoproterozoic basement as seen in the southern Kroussou Permit.
Its five zinc-lead target prospects add to the 18TPs already identified at Kroussou.
The permit also expands the company’s ground holding to the west further into the Cotier Basin, allowing it to target potentially deeper zinc-lead mineralisation using a Mississippi Valley-type exploration model.
Examples of this type of mineralisation include Lennard Shelf in Australia and Pine Point in Canada.
Additionally, while the company remains focused on zinc-lead mineralisation, the Salane gold prospect represents a conveniently located, low-cost exploration opportunity for gold with significant untested potential.
No modern exploration is known to have been carried out in the Salane area.
This article was developed in collaboration with Apollo Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.