Amara Minerals Limited has completed its first three diamond drill holes for 862.5 metres at the Apollo Gold and Antimony Project in central Victoria, returning a broad high-grade gold intercept from the upper Dig Fault Zone.

Assays for the initial hole, AA2601, returned 57.5 metres at 2.62 g/t gold from 139.5 metres depth. The interval includes a higher-grade core of 20 metres at 5.13 g/t gold from 139.5 metres, which further encloses 10 metres at 8.04 g/t gold from 141.0 metres. Estimated true widths are approximately 20 metres for the broad intercept and 7 metres for the higher-grade core.

Amara acquired a 100% interest in the project in 2025, located within Victoria's Melbourne Zone. The current drilling program is designed to extend and increase the higher-grade core of the Dig Fault mineralisation to support geological modelling and the evaluation of a potential maiden Mineral Resource Estimate. No Mineral Resource has been estimated for the project to date.

"The first hole at Apollo has returned 57.5 metres at 2.62 grams per tonne gold... That is the width and grade we need to see to support a maiden Mineral Resource at Apollo." 

— Ian Holland, Managing Director

Drilling remains ongoing at the project. Mineralisation within the Dig Fault Zone is open at depth, and successful extensional intercepts from planned deeper drilling would increase the scale of any subsequent resource estimation.

The company also holds the 28,700-hectare Lauriston Gold and Antimony Project in Victoria, adjacent to the Fosterville Mine. Planning is underway to return the drill rig to Lauriston in the December quarter once the current Apollo program concludes.

Following the completion of the ongoing holes, a further three diamond drill holes totalling approximately 2,000 metres are planned to test the Dig Fault Zone below currently drilled levels, subject to ongoing review of incoming assay results.

Read the full announcement: High-Grade Gold Intersected at Apollo