Saturn Metals Doubles Drilling Efforts at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has commenced a second phase RC resource drilling program at the company’s wholly-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals has mobilised two drill rigs to site to accelerate the program, which will comprise approximately 4,000 metres of RC drilling in 35 holes.

The company explained the planned holes will follow up on recent drilling results that have highlighted the potential to increase the scale of the known mineralised system from the project’s current 0.5 million ounce JORC 2012-compliant inferred gold resource of 17.2 million tonnes at 0.9 grams per tonne gold.

Recent drill results compared well with historic mineralised intervals, including:

22 metres at 1.01g/t gold from 52m, including 11m at 1.49g/t gold from 52m (Northern Extension); and

23m at 1.15g/t gold from 11m (Southern Extension).

The upcoming drilling will focus along a 250m southern extension corridor to the 1.1km long resource zone but will also look to extend mineralisation to the north where drilling remains open.

Other objectives of the RC drilling will be to follow up on recent higher-grade shoot intersections including:

20m at 2.5g/t gold from 52m.

Saturn Metals is working towards an expected update to the resource later in 2018.

“This program of drilling is in keeping with Saturn’s objective of growing the Apollo Hill gold system,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“We look forward to reporting results in due course and to including them in our new resource estimation.”

Saturn anticipates the program will take two to three weeks to complete, and will provide further information as results are received and analysed.