THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced the first results from the 2020 reverse circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.
Saturn Metals is currently drilling at Apollo Hill as part of its efforts to rapidly expand and improve the newly discovered high-grade hanging wall zone and to grow and improve the project’s current Mineral Resource.
High-grade, thick and shallow intersections were achieved in the latest step out drill hole:
8 metres at 12.9 grams per tonne gold from 126m within 14m at 7.75g/t gold from 120m, and;
5m at 8.03g/t gold from 111m.
These intersections follow on from recently released results of:
12m at 9.98g/t gold from 269m and 11m at 3.2g/t gold from 208m in hole
Saturn Gold believes the results combine to provide important evidence of the repeatability of high-grade mineralisation in the Apollo Hill hanging walls.
The latest results also provide an important vector for additional discovery with several high-grade stacked lodes now interpreted.
As before, the new intersections sit outside, but adjacent to, the current Mineral Resource of 24.5 million tonnes at 1g/t gold for 781,000 ounces of gold and highlight the potential to increase the grade, quality and scale of the resource.
“These excellent results have provided strong evidence of the repeatability of high-grade mineralisation in this thick mineralised corridor,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“Drilling continues to show the potential for significant resource improvement and growth immediately adjacent to the initial Apollo Hill zone.
“Key vectors for additional discovery are now apparent.
“Drilling continues with two rigs focussed on follow up drilling around this important zone and several assays are pending.
“We look forward to the ongoing results flow and to including the new information into our next resource update currently scheduled for mid-2020.”