“Apollo continues to expand and deliver excellent results,” Collective’s executive chair Ari Sussman said in a release. “Drill hole APC100-D1 confirms that the small surface outcrops and shallowly drilled fingers of poorly mineralized breccia at surface can transition into broad and high-grade mineralized zones at depth.”
‘Creating shareholder value’
BMO Capital Markets analyst Andrew Mikitchook said in a note on Wednesday that the extension of Apollo’s high-grade core “creates value for shareholders” and he awaits follow-up drilling that can define the size of the extension.
“Expanding the scale of the high-grade core is positive for shareholders as in our opinion it represents most of the economic value of the discovery and remains open,” he said.
Pending assays from drilling at the high-grade and recently discovered Ramp zone — just west of hole APC100-D1 — are also important, he…
