Resource stock updates

ASX resource company drilling updates -

AON (APOLLO MINERALS LIMITED) 2008-11-18:
Apollo Minerals announced that the final batch of results from rock chip sampling undertaken in July this year at Mt Oscar has now been received, confirming the presence of significant iron mineralisation. Significant intersections include: MA114 - 47.69% Fe; MA134 - 47.24% Fe; MA161 - 55.82% Fe; and MA162 - 54.75% Fe. The Company announced that it appears that iron assays are increasing in grade from west to east, and are considered high for magnetite, which ore type can typically be upgraded further by beneficiation to grades in excess of 60% Fe. The company intends targeting these area in its initial drill programme which is planned for the first quarter of 2009.