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Apollo Consolidated Ltd rise on high-grade hits at Cote d’Ivoire

The company’s shares were last trading at $0.155, up 29.17% intraday. During October and November, Apollo completed a total of 20 reverse circulation drill holes over 700 metres of strike at the Trench Zone prospect. All assay results from the program have been received and Apollo’s analysis confirms the presence of a significant gold system. Strong gold intercepts were returned throughout a 40-60 metres thick oxide profile directly overlying the steeply-dipping Trench Zone structure.

Apollo Consolidated Ltd to reveal exploration results

Earlier in the month Apollo completed a 20-hole reverse circulation drilling program at the Boundiali Permit in Côte d’Ivoire, West Africa.

Apollo Consolidated Ltd gets ready to raise

The halt will remain in place until the opening of trade on Thursday 3rd November 2016, or earlier if an announcement is made to the market.

Apollo Consolidated targets gold anomaly in Cote d’Ivoire

The drilling is underway at Trench Zone, a 600+ metre long gold discovery made in early 2016. The mineralisation was initially identified in aircore holes under the northern part of the Antoinette gold prospect, a combined 7 kilometres soil anomaly. Since its discovery, the Trench Zone has been defined over seven 100 metre spaced aircore traverses, each of which have intersected broad gold intercepts.

Share Allotment


Appendix 3B


Capital Raising


Apollo Consolidated Ltd to reveal capital raising

Apollo Consolidated Ltd (ASX:AOP) has been granted a trading halt by the ASX, with its shares placed in pre-open. The trading halt is requested pending an announcement by the company in relation to a capital raising. The halt will remain in place until the opening of trade on Tuesday 26th April 2016, or earlier if an announcement is made to the market.

Trading Halt


Updated Presentation Materials


Apollo Consolidated Ltd discovers more gold from Cote d’Ivoire second phase drilling

Apollo Consolidated Ltd’s (ASX:AOP) second phase of low cost aircore drilling at Boundiali in northern Cote d’Ivoire has continued to deliver widths and grades. Infill drill traverses were completed at 100 metres intervals through the trench zone, with step-out traverses 300 metres to the north and south. Best results included 20 metres at 2.23g/t gold  and 20 metres at 2.48g/t Au as well as a 11.52g/t gold hit.