THE DRILL SERGEANT: Saturn Metals (ASX: STN) released new results from a reverse circulation (RC) drilling program underway at the company’s 100 per cent-owned Apollo Hill gold project in the Goldfields region of Western Australia.
Saturn Metals is currently drilling up to 13,000 metres at Apollo Hill as it looks to rapidly expand the newly discovered high-grade hanging wall zones and to grow the project’s recently upgraded 781,000 ounce Mineral Resource.
The company said the drilling is focussed on extending mineralisation with results from exploration step-outs to the east and down dip including:
5 metres at 5.19 grams per tonne gold from 44m within 16m at 1.69g/t gold from 44m;
11m at 1.2g/t gold from 180m within 25m at 0.61g/t gold from 166m; and
7m at 2.13g/t gold from 64m.
Saturn explained the results from AHRC0269 (5m at 5.19g/t gold from 44m) have identified a new gold lode to the north-east of Apollo Hill, outside the existing resource that was completed in October 2019.
The results achieved in AHRC0244 (11m at 1.2g/t gold from 180m) have highlighted the continuity of the hanging wall lodes down dip, 80m below the current hanging wall resource, and adjacent to the main lode.
At this stage the drilling remains open while intersections continue to improve the ratio of mineralised material to non-mineralised material in the Resource area.
Assays are pending for a further 28 holes that have been drilled to date.
“Results continue to confirm our thesis for step change growth immediately adjacent to the Apollo Hill main lode,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“We are extremely encouraged by the widening gold system, further higher-grade intersections, and the extension of the hanging wall system down dip.
“We are pressing ahead with our accelerated exploration effort as our confidence in the geological picture and gold system grows.”