THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced the commencement of a new phase of exploratory RC drilling at the company’s wholly owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.
Saturn Metals has completed earlier drilling at the project, from which it has determined it to be a major gold and alteration system wide open for expansion
Recent drilling results from the northern end of Apollo Hill, include:
10 metres at 2.98 grams per tonne gold from 92m within 28m at 1.2g/t gold from 82m.
At the southern end of the deposit drilling encountered:
58m at 1.06g/t gold from 65m, including 36m at 1.39g/t gold from 87m.
Saturn Metals commenced drilling earlier this week with the intent of completing approximately 20 holes for approximately 2,500 metres in its search for additional opportunities to expand the deposit’s footprint.
The planned drilling will step out along a six-kilometre-long anomalous gold corridor and provide an initial test of the area between the Apollo and Ra zones testing multiple interpreted structures and targets.
“This program of drilling is in keeping with Saturn’s objective of growing the Apollo Hill gold system as rapidly as possible,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“We have been looking forward to testing these more expansionary targets for some time and we are hopeful the results will demonstrate the greater potential at Apollo Hill.
“Our confidence in the system continues to grow.”
Saturn Metals said it anticipates announcing an update to the Apollo Hill resource in the coming weeks utilising drilling results from a drilling program completed in July that highlighted the potential to increase the scale of the known mineralised system from the current 0.5 million-ounce JORC 2012-compliant inferred gold resource of 17.2 million tonnes at 0.9 grams per tonne gold.