THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported encouraging near-surface drill intersections from recent RC drilling undertaken at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.
Saturn Metals explained the drilling focused along higher grade structural zones or shoots (Armstrong and Eagle Shoots) within the main Apollo Hill deposit, which has a 0.5 million-ounce JORC 2012-compliant inferred gold resource of 17.2 million tonnes at 0.9 grams per tonne gold.
The company said the results improved the geological continuity of those higher-grade zones within the resource, highlighting the potential to increase the overall grade of the known mineralised system.
Better results returned in the latest batch of assays included:
12 metres at 2.8 grams per tonne gold from 4m, including 3m at 8.8g/t gold from 13m within 31m at 1.12g/t gold from 1m;
11m at 2.5g/t gold from 1m, including 8m at 3.3g/t gold from 16m;
20m at 2.5g/t gold from 52m, and 11m at 2.28g/t gold from 84m within 100m at 1.01g/t gold from 7m; and
16m at 2.75g/t gold from 8m;
The drilling also extended the Armstrong and Eagle Shoots practically to surface and demonstrated the down-plunge continuity of the Armstrong Shoot, which remains open at depth with current drilling hitting only to 180m vertical depth.
By drilling in alternate directions, Saturn has found it is able to better visualise and target these shoots, which it has determined to be characterised by zones of increased vein density, alteration and deformation.
The company has identified and modelled several similar shoots that require further drill testing.
“We continue to be extremely pleased with the results at Apollo Hill,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“The new data has provided further evidence of the higher-grade architecture within the large Apollo Hill gold system.
“We look forward to having a good look at the mineralised system in diamond core when drilling commences shortly.
“All results will be incorporated into our next resource estimation, which is planned for mid to late 2018.”