Apollo Minerals advances gold exploration at Salanie with Phase 2 drilling success

Apollo Minerals Ltd (ASX:AON, OTC:APOMF) has completed its 2025 Phase 2 drilling campaign at the Salanie Gold Project in Gabon, delivering a series of promising assay results. The program followed up on 2024's successful Phase 1 drilling, the first in the region in over 70 years.

With encouraging results at key prospects such as A1, A3 and P6, the latest data continues to highlight Salanie’s significant gold potential. The project, just 16 kilometres from Lambarene and within Apollo’s 100%-owned Keri Permit, is showing strong signs of hosting shallow, high-grade gold mineralisation.

Salanie Prospect displaying regions drilled in the 2025 program.

Promising results from Phase 2 drilling

The 2025 Phase 2 drilling program, consisting of 14 diamond drill holes over 1,695 metres, was designed to extend known mineralisation and test new targets. Notable results include:

• A1 Prospect: Follow-up drilling confirmed the continuity of high-grade gold mineralisation with a 1.0m @ 0.8g/t Au from 75m (SLDD016), directly below the historical trenching.
• P6 Prospect: Drilling intersected multiple gold-bearing zones, with highlights including 3.0m @ 1.0g/t Au from 74m (SLDD015) and 0.6m @ 2.5g/t Au from 17.5m (SLDD014). Historical results have reported up to 20g/t Au at P6, with more drilling needed to test extensions of the trend.
• A1 South: A 6m-wide zone of brecciation and quartz veining, intersected in hole SLDD018, supports the interpretation that the mineralised Salanie Fault continues south of A1.

Insitu gold in veining at A1 drill pad (LHS) and artisanal gold grains from Binda artisanal working (RHS)

The results strengthen Apollo’s belief in the significant gold potential of Salanie, particularly in quartz-vein-hosted mineralisation.

Targets remain open and underexplored

The Phase 2 drilling targeted key untested areas such as A2 and A3, which have potential for further discoveries. At A1, a major north-south trending vein system is believed to continue to the north, with structural data suggesting further depth potential. The P6 prospect remains largely unexplored to the east, with structural and geochemical analysis ongoing to guide future drilling programs.

Examples of visible gold identified in SLDD004 – at 19.04m (associated with chalcopyrite (Cpy) and galena (Gn)).

“The combined results to date reiterate the strong potential for shallow gold mineralisation, particularly with gold associated with quartz veining,” said Apollo managing director Neil Inwood. “The controlling Salanie mineralising structure is open to the north and south in the A1/A2 region and remains largely untested.”

A strategic location with a rich history

The Salanie Gold Project is strategically located in the underexplored Lambarene Horst, an area with a rich history of small-scale gold production. In the mid-1950s, over 20,000 ounces of gold were mined from quartz veins and alluvial deposits at the site. The greenstone belt, which hosts the project, has long been considered underexplored, with no significant exploration conducted in the region for nearly seven decades.

Salanie Gold Project.

Recent surface trench mapping has identified several high-grade zones, including one that reported 10.3m @ 3.4g/t Au, further supporting the project’s potential to yield significant gold discoveries.

Apollo is now reviewing the Phase 2 results and ongoing surface geochemical and structural data to plan the next phase of exploration. With the potential for substantial gold mineralisation across the 12-kilometre-long Salanie greenstone system, the company aims to build on its recent successes as it progresses towards defining the full extent of mineralisation at Salanie.