Strong EM Conductors Identified at Titan Base Metals Project
February 20, 2013 (Source: Apollo Minerals) — Apollo Minerals Ltd (ASX: AON) is pleased to announce that a moving loop transient electromagnetic (MLTEM) survey over the Acacia East Base Metals Prospect has identified strong electromagnetic (EM) conductors in the bedrock. Acacia East is located on Apollo’s 100% owned tenements, a part of its Titan Base-Precious Metals project in South Australia. Final results from other prospects surveyed are still pending.
- Strong electromagnetic (EM) conductors indicative of massive sulphides identified at Apollo’s Acacia East Base Metals Prospect, Titan
- Large target confirmed: conductors coincident with likely hydrothermal alteration system measuring at least 1.2 km x 0.8 km x 1.5 km in size
- Surface rock samples return up to 45.4% Fe, 0.31% Cu and 99 g/t Ag, using hand-held XRF* (Figure 6)
- Rare, highly anomalous Selenium found in rock chips – strongly correlated with copper sulphide mineralisation
- EM conductor patterns indicative of supergene-enrichment above a large-scale mineralised body, typical of high grade IOCGU targets
- Setting believed to be ideal for discovery of major base metals deposits such as the Olympic Dam, Prominent Hill and Carrapateena IOCGU deposits
- 230 surface geochemical samples at lab for assay and gravity survey results pending
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