Commanding a dominant land position spanning over 240 km2, Apollo is located in the same greenstone belt and approximately 29 km south-east of the Corvette Lithium Project owned by Patriot Battery Metals Inc. (ASX:PMT, TSXV:PMET, OTCQX:PMETF) (Market Capitalisation +A$1.4 billion ). Patriot’s most successful drill result was a remarkable 156m at 2.12% Li2O at CV5 . Similarly, 28 km to the east, Winsome Resources Limited (ASX:WR1, FSE:4XJM, OTCQB:WRSLF) (Market Capitalisation +A$300 million ) recently announced a high-grade mineralised intersection of 107m at 1.34% Li2O from 2.3 meters (AD-22-005) at their Adina Project. Apollo has 17 pegmatite outcrops reported on the tenement package. Given the exceptional results from these neighbouring projects in addition to a similar geological host, the Apollo Lithium Project has the potential to be equally successful.
Figure 1 – Apollo Lithium Project and nearby discoveries overlayed on regional magnetic dataset.
The Patriot Battery Metals (ASX: PMT) Corvette, Winsome Resources (ASX: WR1) Cancet and Adina pegmatites are also hosted by the greenstone belts of the La Grande sub-province. These spodumene pegmatites are hosted by mafic metavolcanic rocks in close proximity to the pegmatitic granite Vieux Comptoir. Apollo Property also has mafic metavolcanic rocks and pegmatitic granite Vieux Comptoir.
The property geology consists of Mesoarchean and Neoarchean intrusions. A total of 17 outcrops on the Apollo property have been identified as dominantly being pegmatite hosted by Vieux Comptoir and Intrusion de Kamusaawach 1 – tonalite.
Figure 2 – Apollo Lithium Project overlayed on local property geology and identified pegmatite outcrops.
The Apollo Property has geological and geophysical characteristics similar to the spodumene pegmatites in the area at Corvette, Adina and Cancet. The regional magnetics show that Corvette, Adina, Cancet and Apollo projects are all in the greenstone belt of the La Grande sub-province. The Vieux Comptoir pegmatitic granite intrusions have a high magnetic signature. The high magnetic signature in the tonalite could be pegmatitic granite rather than the tonalite as suggested by the geology map. The Corvette, Adina and the Apollo Properties have the same medium low gravity signature.