Apollo Minerals identifies IOCG drill targets in Titan project

19 February 2014 (Last Updated February 19th, 2014 18:30)

Apollo Minerals has confirmed multiple high-priority iron-oxide-copper-gold (IOCG) drill targets at its Bundi prospect in South Australia.

bundi

Apollo Minerals has confirmed multiple high-priority iron-oxide-copper-gold (IOCG) drill targets at its Bundi prospect in South Australia.

The Titan project is located in a highly sought after IOCG frontier in the Gawler Craton copper-gold belt; it extends into the Eaglehawk joint venture ground and close to the Prominent Hill and Olympic Dam deposits.

Apollo noted that impressive assays relating to the age and mineralisation potential at Titan have rejuvenated IOCG exploration in the district.

Further evidence by numerous independent data-sets suggest that the Gawler Craton copper-gold belt shares various similarities to Andes copper belt in South America, and may host a number of discoveries.

An independent review of Apollo's targeted exploration has confirmed the potential for the existence of a large IOCG deposit at Bundi.

Preliminary drill targets at the prospect have been identified, which will be further refined by an induced polarisation (IP) survey, prior to embarking on a maiden drill programme.

In and around Bundi, Apollo has conducted a detailed surface geochemistry programme, a ground-based electro-magnetic (EM) and gravity surveys, plus magnetotelluric (MT) and audio-magnetotelluric (AMT) surveys.

In addition, Apollo Minerals has received preliminary heritage clearance for exploration and all required government approvals to start amaiden drilling programme at the prospect.

Meanwhile, Apollo is in advanced discussions with a number of major global companies on a potential joint venture over the Titan project, including possible equity investment.

Apollo Minerals has projects in Australia and Gabon in West Africa.


Image: The Bundi prospect has major IOCG deposits in the area, including the Prominent Hill and Olympic Dam deposits. Photo: courtesy of Apollo Minerals Ltd.

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