Apollo Minerals Limited

Published : April 26th, 2016

Significant Drill Target Identified for Nickel at Fraser Range

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Significant Drill Target Identified for Nickel at Fraser Range

Microsoft Word - AON-20160412_Drilling targets at Plato_FINAL

ASX ANNOUNCEMENT 26 APRIL 2016

SIGNIFICANT DRILL TARGET IDENTIFIED FOR NICKEL AT FRASER RANGE

HIGHLIGHTS

  • Significant nickel drill target confirmed along strike from Nova nickel mine

  • Untested by previous drilling

    • Application for EIS co‐funding submitted

    • Further funding from Research and Development tax rebate

      Apollo Minerals Ltd (ASX: AON) ("Apollo" or "the Company") is pleased to announce that a significant drilling target has been confirmed at the Company's 70% owned Fraser Range Nickel Project in Western Australia.

      On 1 March 2016 the Company announced that three bedrock conductors had been identified from recent inversion and 3D modelling of moving loop electromagnetic (MLEM) data by Computational Geoscience Inc in Canada. Planning for a drill program has confirmed that one of the conductors (Conductor A) is evident across multiple datasets and represents a significant nickel sulphide drill target.

      The target conductor (A), see Figures 1 and 2, dips steeply to the east and is spatially associated with the most magnetic part of a 3D magnetic inversion model.

      Anomalous surface soil geochemistry and adjacent drill holes reporting significant nickel intersections support the Company's interpretation that the conductor is related to nickel sulphide mineralization.

      The Company was previously successful in obtaining a DMP co‐funding grant to drill test the Oceanus prospect. The newly identified Plato target is a higher priority for the Company and it is considered more appropriate to allocate funds to Plato at this time. The Company recently submitted an application for Round 13 co‐funding with the Department of Mines and Petroleum and will advise when and if the grant is approved. In addition, the Company expects a further $130,000 to be received shortly in respect of a Research and Development tax rebate. Apollo will schedule drilling of the Plato target once the co‐funding application is approved.

      Figure 1 - Plato Prospect showing location of significant drill target over a 1VD magnetic image

      Figure 2 - Diagrammatic section showing conductor A and proposed drill holes. The conductor and magnetic target have not been tested by previous drilling

      Corporate

      In conjunction with Australian and overseas exploration work, Apollo is continuing to review proposals for new opportunities and will provide an update when an appropriate transaction is identified.

      ABOUT APOLLO MINERALS

      Apollo Minerals Ltd (ASX code: AON) is a minerals explorer and developer with projects focused in South Australia and Western Australia.

      In Australia, Apollo has two projects in areas which host world class deposits:

    • South Australian IOCG and gold project in Gawler Craton, and

    • Western Australian nickel project in Fraser Range Province.

    • In South Australia, the Titan Base‐Precious Metals project is situated close to existing infrastructure including the Darwin‐Adelaide railway line, highway and ports. Exploration is focused on discovering a major IOCG deposit in a new frontier of the world‐class Gawler Craton. This project consists of:

  • Commonwealth Hill Project JV (Apollo 100% interest)

  • Eaglehawk JV (Apollo earning an interest through farm‐in)

  • Aurora Tank JV (Apollo 25%, earning an interest through farm‐in )

In Western Australia, Apollo acquired a 70% interest in the Orpheus JV project in the Fraser Range, Western Australia from Enterprise Metals Ltd (ASX: ENT). Under the agreement Enterprise will be free carried until Apollo delivers a Bankable Feasibility Study for a mining area. Apollo is actively seeking to discover massive Ni‐Cu sulphide mineralisation within an emerging world class, nickel province.

In the Fraser Range of Western Australia, Apollo is exploring for 'Nova style' nickel deposits within the high density Fraser Zone representing the mafic‐ultramafic Fraser Complex.

ENDS

FOR FURTHER INFORMATION CONTACT:

Guy Robertson Company Secretary Apollo Minerals Limited

Email: [email protected] Tel: +61 2 9078 7665

ENDS

COMPETENT PERSON DECLARATION

The information in this Report that relates to Exploration Results is based on information compiled by Mr Michael Kammermann who is a full time employee of Apollo Minerals Limited and a member of the Australasian Institute of Geoscientists. Mr Kammermann has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Kammermann consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.The information in this Report that relates to Exploration Results is extracted from Public Reports previously released by Apollo Minerals Limited and JV partner Enterprise Metals Ltd. Public reports are available to view on the ASX and Apollo websites as follows:

1 March 2016 AON: New EM Conductors Identified at Plato Prospect, Fraser Range 1 February 2016 AON: Quarterly Activities Report

23 March 2015 AON: New Nickel Sulphide System Confirmed at Fraser Range Project 23 March 2015 ENT: Highly Prospective Nickel Corridor Expands at Plato

12 February 2015 AON: Apollo Acquires Nickel Project in Fraser Range WA 19 May 2014 ENT: Magmatic Nickel Sulphides at Plato in Fraser Range

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Australia | Canada | Georgia | All
Gold and Silver Prices for these countries : Australia | Canada | Georgia | All

Apollo Minerals Limited

EXPLORATION STAGE
CODE : AON.AX
ISIN : AU00000AON7
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Apollo Minerals Ltd is a gold and iron exploration company based in Australia.

Its main exploration properties are COMMONWEALTH HILL and MT OSCAR in Australia.

Apollo Minerals Ltd is listed in Australia and in Germany. Its market capitalisation is AU$ 6.9 millions as of today (US$ 5.0 millions, € 4.3 millions).

Its stock quote reached its highest recent level on August 06, 2010 at AU$ 1.30, and its lowest recent point on May 20, 2016 at AU$ 0.01.

Apollo Minerals Ltd has 124 910 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Apollo Minerals Limited
4/19/2013Media Coverage =2D The Australian =2D Criterion spec buy on ...
Annual reports of Apollo Minerals Limited
Annual Report 2012
Nominations of Apollo Minerals Limited
4/10/2013Appoints Advisor to the Board
Project news of Apollo Minerals Limited
2/19/2014Apollo Minerals confirms priority drill targets in emerging ...
2/18/2014Apollo Minerals completes $1.2M capital raise to advance Sou...
2/3/2014Apollo Minerals increases interest in Kango North Iron Proje...
1/31/2014Apollo Minerals progresses work programs across its project ...
1/29/2014Apollo Minerals enters into agreement for exploration & deve...
10/31/2013Apollo Minerals continues to progress exploration across its...
10/25/2013Apollo Minerals identifies new large scale conductive anonma...
7/8/2013Apollo Minerals continues to advance exploration at Titan Ba...
7/3/2013JV Discussions Underway for Titan Base Metals Project
7/3/2013Apollo Minerals commences discussions with potential JV part...
6/13/2013Copper=2DSilver Mineralisation intersected by Acacia East Dr...
5/30/2013SA Govt Funds Study of IOCG (U) Potential at Titan Project
5/14/2013Sydney RIU Resources Round=2DUp presentation
5/8/2013are exhibiting at the RIU Resources Round=2DUp Conference
5/3/2013=3A Apollo =2D In search of the next big one =2D The Punter ...
4/30/2013Presentation to SA Resources & Energy Conference
4/16/2013Apollo Minerals intesects thick widespread Sulphides at Tita...
3/19/2013Jindal Steel and Power to invest $10M in fast-track Apollo M...
2/26/2013LARGE-SCALE IOCGU TARGET SUPPORTED BY IDENTIFICATION OF HIGH...
2/25/2013SHARE PURCHASE PLAN OFFER TO SHAREHOLDERS TO FUND EXPLORATIO...
2/22/2013Placement and share purchase plan to fund exploration at Tit...
2/20/2013Apollo Minerals identifies large EM Conductor at Titan Base ...
2/19/2013STRONG EM CONDUCTORS IDENTIFIED AT TITAN BASE METALS PROJECT
2/11/2013Apollo Minerals secures Farm-in and JV with Mincor Resources...
11/12/2012We are exhibiting at Australian Resources Conference & Trade...
11/12/2012(Commonwealth Hill)SCOPING STUDY SUPPORTS DEVELOPMENT POTENTIALOF COMMONWEALTH ...
10/15/2012Resources Roadhouse – October 2012 – Oneoff the wood
8/29/2012High-grade 69.7% Fe concentrates produced from Gabon Iron Pr
6/26/2012(Commonwealth Hill)Maiden JORC resource at Commonwealth Hill
5/23/2012secures Kango North Iron Project in West Africa
4/17/2012(Commonwealth Hill)New Iron Discovery - Commonwealth Hill
3/8/2012(Commonwealth Hill)Encouraging Drilling and Matallurgy - Commonwealth Hill
1/19/2012(Commonwealth Hill)Drilling Commences at Commonwealth Hill Iron Project
10/26/2011Obtains Approvals to Progress South Australian Iron and IOCG...
9/21/2011Strategic Review Confirms Iron Ore Mine Development Plans
7/19/2011(Mt Oscar)intersects 112m at 33.9% iron at Mt Oscar, sees signficant m...
5/18/2011SA Iron Exploration Project to Go Ahead After Government Rev...
2/22/2011(Mt Oscar)Assays Results return up to 41% Fe at Mount Oscar East Proje...
1/28/2009(Mt Oscar)Moves to 100% of Mt Oscar Iron Ore Project
Corporate news of Apollo Minerals Limited
7/24/2016Aurora Tank Gold Project Full 100% Ownership
5/11/2016Apollo To Raise Up To $4.4m and Restructure Board
4/26/2016Significant Drill Target Identified for Nickel at Fraser Ran...
9/28/2015ASX Announcement: Corporate Governance Statement and Appendi...
9/24/2015ASX Announcement: Annual Report to shareholders
8/31/2015ASX Announcement: EM and Drilling Planned at Nickel Prospect...
8/14/2015Apollo Finalises JV and Commences Drilling at Kango North Ir...
7/9/2015ASX Announcement: Apollo in the Media – Mine Life
6/9/2015ASX ANNOUNCEMENT: SIGNIFICANT GOLD MINERALISATION INTERSECTE...
6/9/2015Significant Gold Mineralisation Intersected at Mars Aurora T...
6/3/2015ASX Announcement: Change in Directors Notice Appendix 3B
6/3/2015ASX Announcement: Change in Directors Notice
6/3/2015ASX Announcement: Completion of Drilling at the Titan Projec...
4/7/2015JV Partner HPX to Conduct Additional Drilling of Large Condu...
4/1/2015Update on Drilling to be conducted at Aurora Tank Project
3/23/2015New Nickel Sulphide System Confirmed at Apollo’s Fraser Rang...
3/11/2015Apollo South Australian Exploration Update
3/10/2015AON: Drilling to commence at Aurora Tank Project
3/8/2015Drilling to Commence at Bundi IOCG and Aurora Tank Gold Targ...
3/17/2014Notice of General Meeting / Proxy
11/26/2013Apollo Minerals confirms major Exploration Target increase a...
10/18/2013Apollo Minerals identifies new large scale IOCG target at Ti...
8/21/2013Multiple Large =2D Scale IOCG Targets indentified at Bundi P...
5/2/2013Apollo Minerals identifies 2nd large-scale IOCGU target at T...
5/2/2013Highly Anomalous Copper Mineralisation Confirmed Bundi SA
4/29/2013are exhibiting at the SAREIC
4/16/2013Thick Widespread Sulphides Intersected at Acacia East
3/25/2013Share Purchase Plan Closes Oversubscribed
3/22/2013Hong Kong Mines & Money Presentation
3/20/2013CPS Research Report
3/20/2013Media news=3A Indian giant seizes chance to control Festival...
3/19/2013Strategic Partnership with India's Jindal Steel and Power
3/15/2013exhibiting at the 2013 Mines and Money Conference in Hong Ko...
2/26/2013Apollo Minerals identifies large IOCG target at Titan Base a...
2/18/2013Confirms Base Metals Prospectivity of Nth Gawler Craton
11/14/2012ASX Announcement - Investor Briefing 'Moving Ahead'
10/31/2012Quarterly Reports
10/15/2012We are exhibiting at Mines & Money Australia
10/9/2012Apollo Supports Government Decision To Ease Access To Woomer...
10/4/2012Kango North Exploration Target
8/6/2012(Commonwealth Hill)reports major increase in Exploration Target at Commonwealth...
7/18/2012confirms Sequoia is a space worth watching
5/29/2012(Commonwealth Hill)Signs MOU for Commonwealth Hill Port Services
5/17/2012Recent Media Releases
5/8/2012Completes $3.6m Capital Raising
5/8/2012Jindal Steel and Power to invest in Apollo Minerals
5/1/2012Quarterly Activities Report March 2012
3/21/2012Presenting at HK Mines & Money
10/25/2011Investor Presentation
10/6/2011RCR Research Report on Apollo Minerals
9/20/2011Minelife Bulletin
9/2/2011(Commonwealth Hill)AON Identifies Significant Iron Ore Mineralisation at Common...
7/28/2011AON Quarterly Activities Report June 2011
4/28/2011AON Quarterly Report Mar 2011
4/12/2011RCR Research Report on Apollo Minerals
11/18/2008Apollo Signs Strategic Farmin on its South Australian Iron O...
11/18/2008Apollo Encouraged by Latest Sampling Results at Its Mt Oscar...
2/21/2008Chinese Iron and Steel Group increase stake in Apollo
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (AON.AX)BERLIN (4AP.BE)
0.055+3.77%0.031+0.00%
AUSTRALIA
AU$ 0.055
08/12 15:53 -
3.77%
Prev close Open
0.053 0.054
Low High
0.052 0.055
Year l/h YTD var.
0.051 -  0.093 -32.10%
52 week l/h 52 week var.
0.051 -  0.110 -54.17%
Volume 1 month var.
119,668 -1.79%
24hGold TrendPower© : 27
Produces
Develops
Explores for Gold - Iron - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/17/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-42.71%
202174.55%0.140.04
2020111.54%0.060.01
2019-82.67%0.150.03
2018-30.23%0.300.12
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.16+0.56%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.35-4.86%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.37+2.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59+0.51%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70+0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.35+3.09%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-11.86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36+26.79%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.08+3.48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.55+1.69%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :