THE DRILL SERGEANT: Saturn Metals (ASX: STN) released results from a Reverse Circulation (RC) drilling campaign undertaken at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.
Saturn Metals carried out the drilling at Apollo Hill in December 2019 as part of the company’s efforts to rapidly expand and improve the newly discovered higher-grade hanging wall zones and to grow and improve the project’s current 24.5 million tonnes at 1 gram per tonne gold for 781,000 ounces of gold Mineral Resource.
The best results came in the form of high-grade, thick intersections from step out drill hole AHRC0312 and include:
12 metres at 9.98 grams per tonne gold from 269m;
36m at 1.32g/t gold from 183m, including 11m at 3.28g/t gold from 208m; and
13m at 1.2g/t gold from 301m, including 4m at 3.63g/t gold from 301m.
Saturn Metals described this as the best result it has achieved on the project to date, with excellent grade and thickness located in a highly favourable step out position relative to the existing resource and known mineralisation.
“These step change results have provided a key breakthrough in the development of the rapidly growing and improving Apollo Hill Gold system,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“Drilling clearly shows the potential for a major resource improvement and expansion immediately adjacent to the initial Apollo Hill zone.
“A thick mineralised corridor is providing multiple opportunities for additional discovery with significantly improved grades now being intersected.
“Drilling has recommenced at Apollo Hill with two rigs currently on site.
“We look forward to the ongoing results flow and to including the new information into our next resource process currently scheduled for mid-2020.”