Some Luddite questions please: Is this the same type of mineralisation associated with the previous good results?
I would say yes.
From a previous announcement 15/5/2017
At Bombora, strong gold intercepts* including 42m @ 7.75g/t Au in RCLR0161, 22m @ 2.80g/t Au in RCLR0170, 21m @ 1.55g/t Au in RCLR0178 and 14m @ 2.93g/t Au in RCLR0184, are coincident with zones containing up to 15% sulphides.
and they have said this
"Apollo’s experience at Rebecca has shown a strong relationship between sulphide content and gold grade"
and from the most recent announcement
"RHD04 was drilled at the southern end of the 161 Lode; some 70m below a previous RC gold intercept of 15m @ 2.13g/t Au (Figure 3), and suggests that the Lode may be well developed at depth at this point (Figure 3). Significant (>10%) sulphide alteration is logged through the following zones 142.7-160.7m (18m), 168.2-181.3 (13.1m), 186.8-195.2 (8.4m) & 199.2-208.4 (9.2m)."
It looks to me that there are potentially four wide zones of gold mineralisation in a down plunge extension to the previous drilling (see picture below) in the interval between 142m and 208m. Approximately 48m of this 66m drill interval could potentially be mineralised with gold based on the above description and previous results. At this depth we would really like to see grades >5 to 6g/t gold in these intervals. If we were to get a total of 48m at >6g/t gold that would be a healthy development given the widths. Ideally some even higher grade would be nice and also to know the orientation of the mineralisation. Are these separate lodes that each extend along strike or are we just intersecting a semi-discontinuous shoot down plunge?
The advantage here is also the gold sulphide association can make the gold easier to find at depth through the use of EM. When you are drilling diamond holes at depth this could save the company money and that's important for a minnow like this.
No point speculating to heavily until we see the grade in these holes. Esh
AOP Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held