Saturn Metals Drills Further Mineralisation at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) hit further important results from ongoing RC drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project near of Leonora in the Western Australian goldfields.

Recent strong intersections returned from the near-surface resource drilling at Apollo Hill include:

12 metres at 5.75 grams per tonne gold from 2m, including 8m at 8.83g/t gold from 6m;

2m at 63.05g/t gold from 8m;

8m at 4.28g/t gold from 72m, including 4m at 8.34g/t gold from 72m;

7m at 3.34g/t gold from 80m; and

15m at 2.09g/t gold from 79m, including 7m at3.84g/t gold from 87m.

Saturn Metals declared the higher-grade intercepts show potential exists to extend and improve the January 2021 reported Mineral Resource of 35.9 million tonnes at 0.8g/t gold for 944,000 ounces of gold, with intersections sitting in ideal locations for additional leverage on the resource and subsequent open pit optimisations.

“An increase in the understanding of the geological controls across the deposit after the 2020 drilling program is allowing us to successfully target higher-grade mineralisation both within and around the newly expanded resource,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Scope for further improvement exists as we continue to apply the learnings from the December-January resource modelling exercise.

“Drilling since early January has focussed on testing for higher grade opportunities across the deposit as well as on several crucial ‘step-out’ exploration initiatives.

“We look forward to reporting assays from the 100 holes that remain pending.

“An aggressive start to the year reflects our continued confidence in the deposit and a great step for our next stage of growth.”