AOP 3.13% 33.0¢ apollo consolidated limited

My new AOP video, page-2

  1. 11,185 Posts.
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    @MiningBookGuy

    Thanks for the great video. I really like it how you guys over there have such a positive vibe going on your chat sites. Over here it gets a little childish and tiring at times.

    A few points on what you said in your commentary.

    The regional play re BRB is a possible market influence but I'm not sure without doing more research if the prospects are in close enough geological association to draw any conclusions in that respect. Any comparisons would be appealing to a very long geological bow I would think.

    As for analogous deposits I don't know if you caught my previous post about the Champion Gniess in India but from my initial and brief review that was the "closest" deposit I could find with reasonable geological similarity to the results we are getting at Rebecca. I'd need to go and Study the Tropicana deposit a bit more carefully but you might be right about some possible similarities although it's still another long bow to draw.

    The Tropicana deposit is dominated by Archaean aged rocks and Proterozoic aged granitic, volcanic and metamorphic rocks of the Yilgarn Craton to the West. There are also younger overlying sediments that sit
    unconformably on top of the older rocks.

    The mineralisation at Tropicana is described as follows by one author.

    "Mineralisation is found within Archaean aged high grade quartzofeldspathic gneiss rocks that are associated with late biotite and pyrite alteration. It occurs as one or two laterally extensive planar lenses with a moderate dip.

    Mineralisation is up to 63m thick and has been drilled to a down-dip length of 600m. It remains open at depth."

    There is definitely scope for a little comparison but I suspect Tropicana has had access to a bigger plumbing system being on the margin of two continent scale cratonic features. As I said I'd need to do more research on the source of the mineralisation at Tropicana.

    With regard to your observations in West Africa which I may add are very insightful, I fully agree about a major hot trend emerging there. In fact I'm involved with putting together a large land holding along the southern portion of this trend which if all goes well may have the potential to cover ground in adjoining countries. If all the obstacles can be overcome it will likely be a spin-off type IPO and also include a very near production gold asset in Ghana as well. Don't hold your breath as putting this sort of thing together has many challenges. If it happens I'll alert you to it and maybe you and some of your subscribers can give it the once over. As you go south along this trend you are getting into more difficult and remote areas that are more lawless and the rainfall is much greater. To some extent that is why the opportunity exists to the south. From what I've uncovered there are some very good targets based on local gold working that span over 7km in some cases along Birimian terrain on this trend. One of the prospects the locals have been digging also shows gneissic texture in the deep saprolite and they have been winning gold by directing ore baring slurries along crude mats made from carpet.

    If you've been reading the NCM exploartion strategy/model it's all about accessing the deeper target domains that so far companies have overlooked and in such cases intrusive rocks come into play. Gneisses sort of fall into this category being highly metamorphosed rocks that are formed under higher temperature and pressure condition in association with large scale plutonic intrusions.

    One other point I'd like to make about your commentary is that royalties are poorly understood amongst Australian investors. In Norh America you have companies that exclusively exist on owning royalty streams. I think it's too early at this stage to calculate the potential value of the AOP royalty but it is definitely something investors should factor in as it may provide ongoing income in the future or a lump some payment as I believe NCM have the option to buy it out should that project develop to a mine.

    P.S. Thanks for the information on Bonikro.

    Keep up the great work and a big shout out to you as well. Esh
 
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