THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported further results from infill and extensional resource drilling at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.
Saturn Metals said the latest drilling had further extended several thick and higher-grade zones of mineralisation towards the surface within the main Apollo Hill resource area.
Highlights of the recent Apollo Hill resource drilling include:
23m at 1.76 grams per tonne gold from 124m, including 17m at 2.32g/t gold from 130m;
46m at 1.11g/t gold from 19m, including 10m at 1.85g/t gold from 25m, and 7m at 2.5g/t gold from 58m;
22m at 1.08g/t gold from 74m, including 12m at 1.72g/t gold from 78m;
10m at 2.39g/t gold from 61m;
22m at 1.02g/t gold from 62m; and
32m at 1g/t gold from 127m, including 20m at 1.46g/t gold from 127m;
Saturn Metals explained these results will be the last to be received from the infill and extensional resource drilling program that was commenced just after the company listed on the ASX in March 2018.
They will be incorporated with all other results from the program and utilised in the Resource recalculation Saturn is currently undertaking and expects to complete later this year.
“The reported intersections have improved the mineral inventory in the heart of the Apollo Hill Resource area,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“These results, when coupled with other impressive extensional results reported during August, further demonstrate the capacity to improve the development potential of this major gold system.
“Having reported all outstanding results, we are now in the process of incorporating them into a new resource estimate, which we expect to release in the December quarter.”