Lake Re­becca look­ing com­mer­cial for Apollo chief

Kalgoorlie Miner - - MINE TALK - Ja­son Men­nell

Apollo Con­sol­i­dated man­ag­ing di­rec­tor Nick Cas­tle­den be­lieves the ex­plorer’s flag­ship Lake Re­becca gold project has a “distinctly com­mer­cial look about it”.

The ex­plorer this week re­ported more promis­ing in­ter­sec­tions at Re­becca, com­ple­ment­ing a steady stream of im­pres­sive drill hits from pre­vi­ously un­der-ex­plored ground at the north­ern part of the ten­e­ment.

Apollo has held the ground in the densely cov­ered lake coun­try 150km east of Kal­go­or­lie-Boul­der for close to a decade.

But it is only since the lat­ter half of 2017 af­ter shift­ing its fo­cus away from the Cote d’Ivoire that the com­pany has paid any real at­ten­tion to the prospect.

Apollo stock soared 51 per cent in Septem­ber, 2017 when the Bomb­ora prospect at Re­becca re­turned stel­lar re­sults. The ex­plorer ramped up its ac­tiv­i­ties at the project and a steady drilling cam­paign since has started to paint a clearer pic­ture of the ground’s po­ten­tial.

Mr Cas­tle­den yes­ter­day told the Kal­go­or­lie Miner Apollo was be­gin­ning to recog­nise the project’s com­mer­cial po­ten­tial.

“I think we’ve recog­nised it looks com­mer­cial, cer­tainly in parts, it’s just a ques­tion of how big can it get?” he said. “When you say com­mer­cial­ity, it is an un­known quan­tity but it has that look of a sys­tem that should get mined.”

Mon­day’s an­nounce­ment in­cluded high­light in­ter­sec­tions of 16m at 3.24g per tonne at the Jen­nifer lode and 2m at 1.45g/t at Duke.

Mr Cas­tle­den said the lat­est re­sults ticked a few boxes in help­ing the ex­plorer un­der­stand more about the ground’s gold po­ten­tial.

“The first of them was deep and po­ten­tial new po­si­tions at the Re­becca prospects and we are get­ting closer to un­der­stand­ing how a new sur­face might look at depth and that is just slightly to the west of our main Jen­nifer dis­cov­ery,” he said.

Apollo re­ported it had about $10 mil­lion in the bank last quar­ter.

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