Key facts about Apollo Minerals' latest discovery

Apollo Minerals (ASX:AON) has reported significant assay results from its exploration at the Salanie Gold Project in Gabon. The A1 Prospect unveiled high-grade shallow gold deposits, marking the first modern drilling in 70 years. Noteworthy findings include an 11.7-meter intersection with 4.3 g/t of gold starting at 9.6 meters, with a segment showing 5.8 meters at 8.2 g/t gold from 15.5 meters.

Overview and future plans for Apollo Minerals

Apollo Minerals Limited has announced impressive assay results from its Salanie Gold Project in Gabon. The first modern drilling in 70 years revealed high-grade shallow gold deposits at the A1 Prospect. Significant results include an 11.7-meter intersection yielding 4.3 g/t of gold from a depth of 9.6 meters. The company plans further exploration, prioritizing the A1 trend in the 2025 drilling program. Additional drilling will target prospects A1, A2, A3, and P6, with Capital Drilling engaged for early 2025. Apollo Minerals aims to raise approximately $3.25 million through a non-renounceable pro-rata entitlement offer to fund these initiatives.

Executive commentary on recent gold discovery

These results represent a significant milestone in our exploration at Salanie, highlighting the potential of the area as a high-grade gold discovery.