Apollo shares jump 34pc after high-grade gold hit
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Apollo Consolidated surged 34 per cent today on another high-grade gold hit at its Rebecca project in Western Australia.
Two recent holes drilled on the 161 Lode, Bombora prospect at Rebecca intersected:
Apollo Consolidated (ASX:AOP) shares soared as much as 34 per cent to 23.5c on the news, later cooling to 22c, Apollo is valued at about $39 million.
The results build on recent high-grade intercepts on the 161 Lode including 17.8 metres at 16 grams per tonne.
These results are the first from a program of seven drill holes completed this month.
Remaining results are expected in next three to four weeks.
Apollo is well-funded to continue exploration activities with $9.4 million in the bank.