Apollo Consolidated (ASX:AOP) latest trenching at the Seguela gold project in Cote d’Ivoire has identified a new bedrock drilling target in the Barana area.
The company is funded to continue exploration, with over $1.5 million in cash at the end of June 2014.
Adding to the potential at Barana, there is a wide anomalous zones in two new Barana trenches.
Highlights include: 2 metres at 6.69g/t gold; 12 metres at 1.15g/t gold; and 2 metres at 3.45g/t gold.
AOP will also continue mapping of artisanal workings
Seguela is a 350 square kilometre permit held by the AOP (51%) controlled Ivorian JV company Mont Fouimba Resources.
AOP can earn an 80% then 100% shareholding through staged exploration expenditure and completion of feasibility studies respectively.
On conversion to a extraction licence AOP would hold 90% of the company and the government of Cote d’Ivoire would hold a 10%.
