Apollo Minerals is focused on the exploration and development of the Couflens tungsten and gold project in southern France.
The Couflens Project comprises an exploration license that covers a 42km2 area in the Pyrenees region and includes the historic Salau mine, which was one of the world’s highest grade tungsten mines when it operated from 1971 to 1986.
Over its 15 years of operations the mine produced approximately 930,000 tonnes of ore at an average grade of 1.5% WO3 to yield approximately 11,500 tonnes of WO3 in concentrate.
The mine, which closed in 1986 when prices were much lower than today, remains open at depth and has significant gold upside.
Recent work programs have confirmed the presence of widespread high grade gold (up to 24.5 g/t) and tungsten (up to 8.25% WO3) from rock samples within the Company’s large landholding in this highly prospective region of the Pyrenees.
The Company will rapidly advance a work program focused on delineating a tungsten resource in the Salau mine area. The Company will also undertake exploration activities focused on gold inside the Salau mine.
Within the broader project area, the Company will undertake surface exploration to further assess identified prospects and generate new targets.
The Aurenere Project is a tungsten and gold project located in northern Spain comprising an Investigation Permit application.
The Project is contiguous with the Couflens Project in neighbouring France, and provides an extension of strike along a highly prospective corridor for tungsten and gold.
An initial reconnaissance field campaign carried out at the project returned high grade gold (up to 33.90 g/t) and tungsten (up to 5.49% WO3) from rock samples.
The Company has submitted an application for a drill program to assess identified prospects and generate new targets within the project area. The application included a Simplified Environmental Impact Assessment, a Restoration Program and 1 and 3 Year Work Plans.