Apollo Minerals Limited reported on an exciting development from drilling at regional target TP13 at the Kroussou Zinc-Lead Project in Gabon. Drilling at the Niambokamba Prospect (TP13) has recently completed with a total of 24 diamond drillholes for 1,091m. Three discrete areas (or lobes) within TP13 were targeted, with drill traverses across the channels to test the stratigraphy for base metal mineralisation.

Assays have been received for 12 of the 24 holes drilled at TP13.Semi-massive and disseminated sulphides have been identified in multiple holes in the NK-NW area of TP13, with a close association with nearby barite veining and shearing, representing a new mineralisation style for Kroussou. Assay results are expected in the coming quarter for the nine holes drilled in the NK-NW area. Drilling in the NK-NW area of TP13 has located a new style of mineralisation with up to 65% semi-massive (20-65% sulphides) to disseminated galena (lead sulphide), sphalerite (zinc sulphide) and marcasite (iron sulphide) associated with massive or veined barite and shearing (e.g. NKDD020 at 7.0m).

Targeted drilling in this area was based upon a 500m wide by 1.3km long soil geochemical anomaly that is adjacent to a historical drill hole (NKDD001, 3.0m @ 4.8% Zn+Pb from 45m). The association of structurally related semi-massive to disseminated sulphides (sphalerite + galena+/- marcasite) and nearby barite, close to the contact with the basement is a new development for Kroussou and has implications for identifying additional high-grade, structurally related mineralisation throughout the broader Kroussou mineralised system. To date, this new style of mineralisation has been identified in five diamond holes (NKDD020, 25,26, 27 and 29) over a 214m trend extent which is open to the north and south.

Thicknesses of the sulphide-rich intervals range from 2m to 18m down hole. Logging of drill core indicates that there are two phases of structure: one parallel to the overall stratigraphy; and a second which is sub vertical. Both structural orientations contain associated base metal mineralisation of 20% to 65% sphalerite + galena + /- marcasite over intervals of up to 4m(e.g. NKDD020, 29) within broader haloes of 1% to 25% sphalerite + galena +/- marcasite with up to 18m down hole thickness (e.g. NKDD026).Drill holes NKDD020 and NKDD029 (twinned holes) have intersected approximately 12m of strong mineralisation from approximately 2.5m below surface.

Logged sulphides range from 5% to 30%,supported by spot handheld XRF readings. Drill hole NKDD020 experienced significant core loss and was re-drilled with hole NKDD029, which also experienced >50% core loss. Information from both holes indicated that mineralisation is present from approximately 2m to 16m (basement contact) vertically.

Sulphide-rich sands have been observed from the drill rig collar for these intervals, visual and handheld XRF analysis of selected sand samples have displayed strong Zn+Pb anomalism of similar tenor to the recovered core. Mineralisation is open to the south from both holes. The identification of a potential high-tenor structural/basement contact related mineralisation style isa positive development for the Company, as this opens a new exploration parameter space in its targeting of further high-grade mineralisation.

Targeting of the new style of mineralisation will be complemented further by the recently completed airborne electromagnetic survey and the associated magnetic data, which are both currently being processed. It is noted that there are over 90 locations of barite mineralisation identified within the broader Kroussou project area and until now barite was not seen as a potential vector for base metal mineralisation within the Kroussou system. Assay results have been received from six of nine holes drilled in the NK-SE area of TP13, with all holes encountering mineralisation.

Drilling in this area targeted mineralisation indicated by historical Bureau de Recherches Géologiques et Minières ("BRGM") drilling from the 1970's, in addition tonearby surface soil geochemical anomalies. The BRGM drill holes were typically shallow and had limited assays undertaken. Apollo Minerals' drilling in the NK-SE area has intersected thicker mineralised zones of sandstone and conglomerate than previously indicated from the BRGM drilling.

Incompletely sampled historical BRGM drilling in this area indicated mineralised widths of 2-3m, whilst the Company's recent drilling has intersected 5-12m of mineralised sediments with sphalerite and galena identified. Significant intercepts include:15.9m @ 1.4% Zn+Pb from 16.5m including 3.7m @ 3.3% Zn+Pb from 17.4m in NKDD012; 8.0m @ 3.8% Zn+Pb from 5.3m including 7.5m @ 4.1% Zn+Pb from 5.8m in NKDD013; 23.1m @ 1.8% Zn+Pb from 22.2m including 5.3m @ 3.5% Zn+Pb from 35.4m in NKDD014.Significant historical BRGM intercepts in this area included: 8.2m @ 3.7% Zn+Pb from 9.9m in NK63; 11.8m @ 2.8% Zn+Pb from 6.9m in NK74; 8.3m @ 3.0% Zn+Pb from 18.5m in NK75; 2.0m @ 6.4% Zn+Pb from 25.0m in NK76; 3.6m @ 5.7% Zn+Pb from 4.2m NK81; 5.0m @ 7.3% Zn+Pb from 2.1m in NK82.Assay results have been received for all six holes drilled in the NK-NE area, with five drill holes intersecting mineralisation hosted in sandstone or microconglomerate. One drill hole (NKDD008)only drilled granite basement with no Cretaceous sediments intersected.

Significant intercepts fromthe recent drilling are summarised below: 20.2m @ 1.1% Zn+Pb from 25.8m including 2.0m @ 3.2% Zn+Pb from 34m in NKDD009; 6.3m @ 2.0% Zn+Pb from 1.8m and 2.4m @ 3.7% Zn+Pb from 5.7m in NKDD010.All significant intersections for the new drill holes at TP13, details of the collar position, drill hole orientation and depth. The close association of the massive barite with the galena and sphalerite at NK-NW allows for anew targeting vector for high-grade mineralisation within the broader Kroussou system. There are over 90 observed occurrences of barite noted in surface mapping across the project area that have not been followed up to date.

Future exploration activities at Kroussou include a regional structural interpretation based on current surface mapping activities and the final processed AEM magnetic data, which is expected to be available during the coming quarter. This new style of mineralisation will be incorporated into the Company's targeting model to assist in defining high-grade zinc and lead mineralization.