THE DRILL SERGEANT: Saturn Metals (ASX: STN) was entertaining plenty of enquiries on Day One of the Diggers & Dealers Forum in Kalgoorlie after reporting results from resource upgrade drilling at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.
Saturn Metals said the drilling has defined a continuous, higher grade gold lode at the northern end of the deposit.
Shallow RC intersections include:
11 metres at 4.06 grams per tonne gold from 132m within 18m at 2.58g/t gold from 126m;
10m at 2.98g/t gold from 92m within 28m at 1.2g/t gold from 82m; and
11m at 1.98/g/t gold from 71m within 27m at 1.19g/t gold from 60m.
Saturn Metals explained the drilling has outlined a thick higher-grade lode structure within a broad resource grade envelope adding that potential exists to further define this robust lode along strike.
“We are delighted with the emerging picture at Apollo Hill,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“These excellent results have provided a step-change in our understanding of the deposit’s potential.
“We look forward to assessing and reporting the remaining results from our latest phase of RC drilling and incorporating them into the resource re-calculation that will take place later this year.
“Based on the results received since we began drilling at Apollo Hill in March, it is reasonable to expect that the resource will grow.”