Monday, September 20, 2010 Apollo Consolidated into West African Gold With the gold price at current highs it seems that every junior is either switching their exploration focus to their gold projects, vending a gold project into their company or completely changing their company activites to gold exploration.
Apollo Consolidated (AOP) is one such company. It used to be a biotech and has come back out of administration with a now focus on gold exploration. It's first foray into the gold sector was it's purchase of an 80% interest in the Rebecca Gold Project located 150km east of Kalgoorlie in Western Australia. It appears however that the company is really starting to gain interest following it's announcement in July and presentation last week regarding the option it has to acquire Aspire Minerals Pty Ltd, a company with tenements within Cote d Ivoire. Apollo Consolidated has sprouted off in the recent announcement that not only are the guys that helped get Gryphon Minerals (GRY) and Ampella Mining (AMX) get off the ground are involved but the project does have some 'nearology' to Perseus Mining (PRU). These are some big names and very successful explorers in the West African gold game.
AOP Price at posting:
63.0¢ Sentiment: None Disclosure: Not Held
