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Apollo Minerals Limited ( (AU:AON) ) just unveiled an announcement.
Apollo Minerals Limited has provided an update on its Phase 2 drilling activities at the Salanie Gold Project in Gabon, where it aims to extend current mineralization and explore untested targets. The drilling campaign, which follows successful results from Phase 1, is progressing well with five holes and 520 meters completed. The company is well-funded following a $2.0 million Shortfall Offer, allowing it to efficiently test key prospects and expand regionally. The completion of drilling is expected in early April, marking the first modern exploration in the area in over 70 years.
More about Apollo Minerals Limited
Apollo Minerals Limited is a mining company focused on the exploration and development of mineral resources, primarily gold. The company operates the Salanie Gold Project in Gabon, where it is engaged in drilling and exploration activities to identify high-grade gold mineralization within a 12km prospective greenstone belt.
Average Trading Volume: 66,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €9.43M
For detailed information about AON stock, go to TipRanks’ Stock Analysis page.