Apollo Minerals (ASX: AON) has confirmed its Titan Base Metals Project in South Australia has the potential to host base and precious metals mineralisation including iron oxide copper gold uranium and nickel sulphide deposits similar to the Thompson Nickel Belt in Canada.
This follows a review of published literature, combined with results from its ongoing exploration activities.
It also supports a public acknowledgement by Geoscience Australia and South Australia's Department for Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) that the area is highly prospective for these deposit styles.
A technical exchange between DMITRE and the Canadian Geological Survey also identified a strong Thompson Nickel Belt analogue immediately south-west of the Titan Project that DMITRE believes extends into the Titan Project area.
"The results of our review and recent field work are highly encouraging. Apollo believes it now has both the technical knowledge on the styles of mineralisation likely to be encountered in the northern Gawler Craton; and the well situated tenement holding required to make valuable discoveries in this world-class province," chief operating officer Dominic Tisdell said.
Titan Base Metals Project
Titan is located within Apollo's Commonwealth Hill area and about 110 kilometres southwest of Coober Pedy.
The region is vastly under-explored due to its remote setting; extensive, shallow sand cover; historic Woomera Prohibited Area access issues and focus on discovery of Challenger-style narrow vein, high grade gold.
Structurally, the Titan Base-Precious Metals Project is located along the centreline of the east-southeast to west-north-west trending G9 O'Driscoll Lineament Corridor.
Work derived from the South Australian lineament programme was used in the discovery of the Carrapateena IOCGU deposit along trend from Apollo's Titan Base-Precious Metals Project.
Apollo has also confirmed significant differences between the characteristics of the Titan Base-Precious Metals project area east and west of the bisecting Coorabie Fault Zone.
The Eastern Block is host to a number of Apollo's exploration prospects including the large Wirrida Intrusive Complex, Acacia East and Bundi anomalies which have been classified as high priority base and precious metals targets by the company.
It also appears to share many more similarities with the domains immediately east and south than the relatively well studied portion of the Christie Domain situated west of the dividing Coorabie Fault Zone - making it a likely sub-domain to, or be part of the surrounding Olympic, Wilgena, or Mt Woods Domains.
This suggests that Titan could host major base metal resources including mineralisation associated with IOCGU systems.
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