💥Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Apollo Minerals adds 24 potential zinc-lead targets to Kroussou as new exploration permit expands area by 140%

Published 05/10/2022, 09:26 am
Updated 05/10/2022, 10:00 am
© Reuters.  Apollo Minerals adds 24 potential zinc-lead targets to Kroussou as new exploration permit expands area by 140%

Apollo Minerals Ltd (ASX:AON) has added 24 new potential target prospects to the Kroussou Zinc-Lead Project in Gabon with the addition of the Keri exploration permit which has increased the project area by 140%.

Keri has 1,377 square kilometres of contiguous land that extends the Kroussou project into the prospective western basin region, directly along strike from the existing project tenure.

The company has identified several new zinc-lead prospects across the additional 55 kilometres of strike to the north – bringing the Kroussou Project’s strike length to about 135 kilometres.

Historical records have given Apollo confidence to identify at least five new target regions for zinc-lead mineralisation but also indicate the presence of gold mineralisation, as the tenure produced about 5,000 ounces in small-scale mining in the mid-1900s.

“Defining globally relevant mining project”

Apollo Minerals managing director Neil Inwood said he was delighted to secure a strategically important extension of Kroussou at an early stage of the company’s exploration program.

“The potential for further discoveries at Kroussou is immense and very exciting,” 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.”

Apollo is already undertaking a reconnaissance site visit for the new tenure, moving to begin exploration planning as the company awaits assays from the Niambokamba (TP13) massive-sulphide discovery, expected shortly.

Read: Apollo Minerals steps up exploration at Kroussou after identifying potential high-grade zinc, lead feeder structures

Keri and Kroussou permits location map in Gabon.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.