Apollo Minerals Limited Reports Strong Final Phase 2 Gold Assays at Salanie Project in Gabon, Uncovering Shallow High-Grade Opportunities
Wednesday, June 4, 2025
at
9:08 am
Apollo Minerals Limited has completed its 2025 Phase 2 drilling at the Salanie Gold Project in Gabon. The new assay results confirm promising shallow, high-grade gold mineralisation, bolstering the project’s growth potential and attracting interest among beginner traders exploring emerging market opportunities.
Apollo Minerals Limited has provided an update on its Salanie Gold Project in Gabon following the completion of its 2025 Phase 2 diamond drilling program. The drilling, which expanded on encouraging preliminary results from Phase 1 conducted 70 years after the last modern exploration, targeted key prospects including A1, P6, and extensions along the A1 trend. In Phase 2, 14 holes totaling 1,695 metres of drilling were completed, with assays now received from the remaining five diamond holes. Technical highlights include an intercept at the A1 prospect of 1.0 metre at 0.8 g/t gold from 75 metres, and renewed focus on shallow, high-grade zones that previously yielded 11.7 metres of 4.3 g/t gold starting at 9.6 metres. At the P6 prospect, historic reports of high-grade mineralisation are supported by current intersections, such as 1.1 metre at nearly 20 g/t gold from 56 metres, alongside additional intervals with moderate grades recognized from quartz veining near historical underground workings.
The exploration also expanded to an untapped segment at A1 South where a 6‐metre wide zone of brecciation, alteration, and quartz veining was observed within the Salanie Fault structure—approximately 170 metres south of A1—indicating continuity of the controlling mineralising structure. Alongside these technical results, the company is integrating surface geochemical data with core structural studies to further trace mineralisation trends, particularly to the east at the P6 prospect. Apollo Minerals is now reviewing the drilling, mapping, and structural data to plan the next phase of work in the 12-kilometre-long greenstone system, which underpins the strong potential to host economic gold mineralisation associated with quartz veining.
There is a mixed sentiment among market watchers based on the news. Bullish sentiment is driven by the encouraging drill intercepts that confirm the continuity of shallow, high-grade mineralisation along structurally controlled zones and the historical significance of the area, which previously delivered substantial gold production in the mid-1950s. This positive technical validation supports the potential for increased exploration activity and future resource expansion. On the bearish side, some traders might be cautious due to the variability in intercept widths and grades, along with the inherent challenges of exploring an underexplored greenstone belt in Gabon. Regulatory uncertainties and the need for further drilling to define continuity of mineralisation also temper short-term outlooks.
Overall, the final assay results from the Phase 2 campaign underscore Apollo Minerals Limited’s commitment to advancing exploration at Salanie, providing new technical insights that could pave the way for future development in one of Gabon’s most promising gold projects.