Shallow gold sparks excitement: Apollo Minerals uncovers high-grade treasure in Gabon

In a significant step forward for its operations in Gabon, Apollo Minerals (ASX:AON) has unveiled promising assay results from the Salanie Gold Project, situated within the company’s 100%-owned Keri Permit.

The initial phase of diamond drilling has yielded compelling evidence of a high-grade gold system, propelling the A1 Prospect to the forefront of the company’s exploration strategy.

Highlights:

• High-grade discovery: Drill hole SLDD004 intersected 11.7m at 4.3g/t Au from 9.6m, including 5.8m at 8.2g/t Au from 15.5m.
• Visible gold: Quartz veining with visible gold returned 124.8g/t Au over a 0.36m interval at 18.93m.
• Open potential: Mineralisation at A1 remains open along strike and dip, with further drilling planned to extend its footprint in 2025.
• Historical alignment: Results correlate with surface trenching that yielded 10.3m at 3.4g/t Au and 1.4m at 15.7g/t Au, confirming a broader mineralised trend.

Neil Inwood, Apollo Minerals Managing Director, emphasised the transformative potential of these results:
“This is the first drilling at Salanie in 70 years, and it demonstrates a shallow, high-grade system that aligns with our surface exploration data. These results underscore the project’s capacity to evolve into a significant discovery.”

A Strategic Edge

What sets Salanie apart is its proximity to infrastructure and its untapped exploration history.

The site, only 16km from Lambarene and 3.5 hours by road from Gabon’s capital, Libreville, benefits from excellent logistical support.

Moreover, the project lies within the underexplored Lambarene Horst greenstone belt, offering vast potential for resource expansion.

The decision to engage Capital Drilling for a broader 2025 campaign underscores Apollo’s commitment to accelerating the development of Salanie.

The program will target not just extensions of A1, but also untested prospects at A2, A3, and P6.

The application of modern techniques like Chrysos Photon Assay for nugget-effect gold is expected to refine Apollo’s resource delineation further.

A Timely Proposition

Adding momentum to the operational developments, Apollo has also launched a 1-for-3 non-renounceable entitlement offer, aiming to raise $3.25 million for ongoing exploration and corporate initiatives.

With assays still pending for SLDD005 and plans to leverage cutting-edge geological methodologies, investors are eyeing a high-reward growth trajectory.

The Bigger Picture

While the exploration sector often witnesses bursts of excitement, Apollo’s narrative at Salanie combines robust geology, strategic planning, and a nod to history with a forward-looking approach.

The company is poised to emerge as a major player in Gabon’s resource sector, leveraging both historical data and modern exploration technologies.

The question remains, will Salanie become the flagship high-grade gold discovery of the region? If Apollo Minerals’ latest results are any indication, it is already well on its way.

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