rising gold prospects in elephant country

Hi all,
Couldn't resist not dipping my toe in and buying some Apollo Consolidated Ltd (AOP) the other day. With gold heading up strongly, this looks to be a potential multibagger with a significant working interest (80%) in the Rebecca Gold Project located in goldfields near Kalgoolie, WA. According to their announcement last month there are host rock and alterations onsite with similarities to Tropicana (>5 million Oz) and Westonia (1.5 million Oz) in WA.

Moreover, AOP now has the option to buy into a very exciting and potentially very lucrative gold exploration portfolio in Cote d Ivoire, W Africa via acquisition of Aspire Minerals Pty Ltd. The opportunity here would result in a 90% stake in 3000 Sq Km of potentially rich and extensive goldfields, being equivalent to approximately 14 typical full-sized WA exploration licences. If so, according to their presentation, they will be "a significant exploration player in the Cote d Ivoire greenstone belts". In terms of their prospectivity, its worth noting that Cote d Ivoire has the highest recorded gold deposits (~35%) in all of Africa.

One of these permits (Seguela), show soil anomalies based on advanced regional geochem surveys that contain multiple highly prospective anomalism zones containing 200 to 8000ppb of gold recorded along a 6km strike distance. Now, the interesting part in terms of 'nearology' is that one of their other potential permits (Tengrela West) is just east of where large discoveries were made by Perseus Mining. Perseus' Sissingue project has a resource worth 1.04M oz while drill results from their Kanakono project are suggesting there's 15.2g/t Au @ 16m. Further up from Perseus, the Syama Mine belonging to Resolute Mining is several ticks NW from Seguela and has a 5.8Moz resource.

So, what's the current status - well, we currently await (eagerly mind you) results from trench, soil and LAG samples, along with confirmation of defined drill targets. Actual drilling is expected to commence early next quarter. Clearly there's some highly prospective land here which can't be underestimated and certainly won't go unnoticed by the market...for long!

I say watch this space, this company is already starting to move from a crawling stage to growing some serious legs in a very short span of time. We await completion of the due diligence process and with an uptake of this option this company will be on a sound footing for potentially rapid growth. Confirmatory drill results shoring up the prospectivity of these permits will likely, given things go to plan, transform this small cap from explorer status to potentially a significant player and producer in the region. To top it, they have a well regarded, experienced and active management team, with crew on the ground in Cote d Ivoire.

Out of interest, have a look at the unfolding share price trend which clearly suggests that significant accumulation is currently being undertaken despite it being early days. Currently, the Volume's moving average and Twiggs Money Flow both support strong bullish sentiment which is also reflected in the appreciating share price. For starters, I see an initial price target in the medium term (given all goes well) to be somewhere around 4c but of course that's just my humble opinion.

Good luck,
Sagitar

ps. Thanks to Mr Asia for alerting me to this stock from one of his earlier posts which can be found HERE.