Apollo Minerals Strikes High-Grade Gold at Salanie Amid Growing ASX200 Resource Buzz

May 05, 2025 12:54 PM AEST | By Team Kalkine Media

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Apollo Minerals Strikes High-Grade Gold at Salanie Amid Growing ASX200 Resource Buzz — Image source: shutterstock

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Highlights

Apollo Minerals uncovers high-grade gold at Salanie, with peak grades up to 20g/t

Drilling confirms mineralisation across multiple targets, including P6 and A1

Assay results pending for key holes expected to further outline strike potential

Apollo Minerals (ASX:AON) has reported promising results from its Phase 2 diamond drilling campaign at the Salanie Gold Project in Gabon, revealing high-grade gold intersections and strong mineralisation indicators across key targets. These developments are capturing attention amid broader interest in resource-linked players in the ASX200 index, which tracks Australia’s leading listed companies.

The campaign, which concluded with 14 holes totalling 1,695 metres, focused on historically significant zones like P6, A1, and A3. Notably, six drill holes at the P6 prospect intersected quartz-sulphide mineralisation, defining a strike zone of over 180 metres beneath an old high-grade mining adit. One standout result at P6 came from hole SLDD013, which hit 1.1 metres at 19.9g/t gold from a depth of 56 metres, hosted in quartz veining within a felsic intrusive body. The same hole also delivered 1.0 metre at 3.6g/t gold from 38.7 metres, adding further weight to the resource potential of this prospect.

Assays are still pending for three key holes at P6, all of which encountered encouraging quartz veining and sulphide features — similar in structure and signature to SLDD013. These results could potentially broaden the identified mineralisation zone and further define the system's continuity.

At the A1 prospect, drilling confirmed shallow mineralisation, returning 3.8 metres at 1.3g/t gold from just 17.5 metres in hole SLDD006. Another hole, SLDD018, drilled 170 metres south along the Salanie Fault, intersected a 6-metre-wide zone of alteration and quartz veining, reinforcing the prospectivity of the fault structure.

The Salanie Project is strategically located within a 12-kilometre greenstone belt and lies only 16 kilometres from Lambarene, providing logistical advantages for future development. Although small-scale mining took place in the 1950s, the area had seen no modern exploration until the recent campaigns initiated in 2024 by Apollo Minerals (ASX:AON).

These developments offer new momentum for companies involved in resource exploration, especially as investor interest grows around ASX dividend stocks with potential upside from commodity exposure. Apollo’s progress adds to the broader narrative of resource-backed plays within the ASX landscape, and its continued focus on Salanie could shape its strategic position in the evolving gold sector.

Further assays are expected later this quarter, which may provide additional clarity on the resource scale and next steps for Apollo’s future exploration roadmap.

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