The Apollo Gold Project, covered by EL006430, encompasses approximately 102 km² at the under-explored northern end of the Walhalla Gold Belt, situated about 120 km northeast of Melbourne, Victoria. The licence, originally granted on 8th May 2018, has been extended for an additional five years, now valid until 2028.
Geological Setting & Exploration Potential
- The Apollo Gold Project features a north-south striking near-vertical fault zone (N-S Zone) with gold mineralisation controlled by both east-west faults and granitic dykes.
- The intersection of the Southwest Fault with the N-S Zone has created wide zones of fracturing and gold mineralisation.
- The east-west striking granitic dyke swarm (E-W Zone) runs near the Strathbogie granite contact, a known host for significant mineralisation.
- Several additional fault zones, including those at Wolfe’s and Faulk’s historic open cuts, remain largely untested, with recently approved drill permits targeting these zones for future exploration.
- The tenement is also enriched in antimony, a key indicator of epizonal gold systems, with historical rock chip samples and drill intersections confirming Sb mineralisation. This is consistent with mineralisation at nearby Costerfield and Sunday Creek, which are known for their high-grade Au-Sb systems.
Figure 1: Apollo Gold Project Longitudinal section of the ”Dig Fault” zone (Source: Great Pacific Gold Corp)
High-Grade Gold Results from Previous Drilling
Recent drilling at the Apollo Gold Project has returned multiple high-grade gold intercepts, confirming the project’s significant exploration potential. Notable drill results from Fosterville South Corporation (Great Pacific Gold Corp) include:
- GMDH26: 5.8 metres at 18.4 g/t Au, including 4.6 metres at 22.68 g/t Au[1]
- GMDH28: 39.5 meters at 7.25 g/t Au, including 10.6 meters at 17.1 g/t Au[1]
- GMDH30: 27.6 meters at 6.7 g/t Au, including 8.0 meters at 11.9 g/t Au[2]
- GMDH35: 47 meters at 2.67 g/t Au, including 4 meters at 11.8 g/t Au[3]
- GMDH36: 28 meters at 10.2 g/t Au, including 13 meters at 17.5 g/t Au[4]
- GMDH43: 36.2 meters at 1.9 g/t Au, including 7.1 meters at 4.93 g/t Au[5]
- GMDH44: 12.2 meters at 3.35 g/t Au, including 5.2 meters at 5.12 g/t Au[5]
- GMDH45: 55.1 meters at 3.06 g/t Au, including 15.9 meters at 6.93 g/t Au[5]
- 22GMRC12: 77 meters at 1.14 g/t Au, including 35 metres at 1.85 g/t Au[6] from surface
These results underscore the project’s potential for both high-grade and bulk-tonnage gold mineralisation, enhancing its attractiveness for future exploration and development.
Figure 2: Apollo Gold Project Tenement Map (Source: Great Pacific Gold Corp)
Investment Highlights
- In February 2025, Adelong Gold executed a binding purchase agreement to acquire a 100% interest in EL006430, to be renamed the Apollo Gold Project in Victoria, Australia
- The project is located within the highly prospective “Melbourne Zone” that hosts Southern Cross Gold’s Sunday Creek project and features multiple zones of thick, high-grade gold mineralisation, presenting an immediate exploration and development opportunity
- Exceptional high-grade drill results highlight the potential for bulk tonnage gold mineralisation, including:
- 77m at 1.14 g/t Au, from surface in 22GMRC12, including:
- 35m at 1.85 g/t Au, from Surface
- 39.5m at 7.25 g/t Au, from 118.6m to 158.1m in GMDH28, including:
- 10.6m at 17.1 g/t Au, from 137.85m to 148.45m
- 27.6m at 6.7 g/t Au, from 59m to 86.6m in GMDH30, including:
- 8.0m at 11.9 g/t Au, from 71m to 79m
- 28m at 10.2 g/t Au, from 138m to 166m in GMDH36, including:
- 13m at 17.5 g/t Au, from 139m to 152m
- 55.1m at 3.06 g/t Au, from 210m to 266.8m in GMDH45, including:
- 15.9m at 6.93 g/t Au, from 219.1m to 235m
- 47m at 2.7 g/t Au, from 68m to 115m in GMDH35, including:
- 4m at 11.8 g/t Au, from 91 to 95m
- 5.8m at 18.4 g/t Au, from 91.8m to 97.6m in GMDH26, including:
- 4.6m at 22.68 g/t Au from 93m
- The mineralisation remains open at depth and along strike, providing strong potential for further large-scale high-grade discoveries
- Adelong Gold is sufficiently funded and will move rapidly to commence further exploration drilling and resource definition, targeting high-grade extensions and untested fault zones
- The tenement features multiple occurrences of antimony in massive stibnite and is consistent with other Au-Sb projects in the region, such as the Costerfield mine, Sunday Creek
