News: Apollo Minerals completes drilling at Aurora Tank JV

Apollo Minerals (ASX:AON) exploration program has confirmed IOCG system potential at the Mars Aurora Tank Project joint venture in the northern Gawler Craton of South Australia.

The program included 195 vertical holes RAB holes for 1,176 metres and induced polarisation.

Assay results from shallow RAB drilling have confirmed anomalous copper and gold in close proximity to a number of the chargeable IP anomalies.

The drilling assessed geochemical trends proximal to the geophysical anomalies.

Apollo is advancing exploration at the Aurora Tank Project (EL4433) in joint venture with Marmota Energy Ltd (ASX: MEU), with Apollo earning a 75% interest in the project.

The Mars Aurora Tank project area has been subject to limited drilling along the margins of the target zone by previous explorers who intersected notable iron, gold, copper and silver.

Apollo is conducting a review of all related data as part of its planning for a deeper drilling programme to test a number of the new targets.

Prolific mineralisation of the Gawler Craton

The Gawler Craton hosts two-thirds of Australia's known copper resources. Australia contains the third largest world economic resource of copper.

Joint Venture

The joint venture is further increasing Apollo's footprint in this highly prospective area, as the company already holds 100% of the adjacent Mars Prospect situated immediately south of EL4433, and collectively these two areas form the Mars Aurora Tank Project covering 66 square kilometres.