Apollo Minerals Ltd (ASX:AON) has confirmed a new structural trend hosting base metal mineralisation at Target (NYSE:TGT) Prospect 1 (TP1) within the Kroussou Project in Gabon, where field work has returned up to 2.6% zinc and lead in rock chip samples.
The company has reason to believe its 100%-owned project is shaping up to be a super giant base metal project capable of rivalling the most significant undeveloped zinc and lead projects in the world.
The newly identified structural trend continues over 6 kilometres to the north, where previous work uncovered up to 4.5% zinc and lead in rock chip samples.
TP1 trend showing more than 1% zinc-lead rock chip results.
TP1’s prospects are underpinned by numerous barite, iron-rich gossans and silicification of sediments over 3 kilometres long.
Crucially, an electromagnetic survey flown over the area has shown that the trend could be more than 10 times longer than TP13, where an impressive 3.5-metre intersection grading 49% zinc and lead - the highest-grade Kroussou discovery to date - was recently uncovered.
The good news is only the southern 3-kilometre portion of TP1 has been mapped in detail to date.
Elsewhere, Apollo also reported that a geochemical anomaly was identified in soils in the Remboue Formation at TP22, which will be followed up in future programs.
Important development
“The confirmation of base-metal mineralisation in the newly-identified structural trend at TP1 is an important development for Kroussou,” Apollo Minerals managing director Neil Inwood said.
“On-ground field work is confirming new structural trends that are interpreted to have strong potential to host mineralisation similar to the massive sulphides displayed at TP13.
“Follow-up field work is being planned with a view to extending the strike length of trend and generating drill-ready targets.”
Coming up
Apollo will focus the next phase of field work on the northern 7 kilometres of trend at TP1 as well as regions identified by an airborne electromagnetic survey.
Other work programs in the pipeline include:
- continuing to expand on the regional mapping and sampling program along the entire 135-kilometre trend within Kroussou;
- following up regional mapping and review of gold occurrences within the Keri permit at TP24, including further historical data review; and
- ranking and prioritisation of drill targets across the broader Kroussou licence package, with an additional focus on the delineation of high-grade structural targets.
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