Saturn Metals Drills Positive Results at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) received results from diamond drilling at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian goldfields.

Saturn Metals explained the drilling had focused along higher grade structural zones or 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.

Results returned in this first batch of assays included:

7.4 metres at 2.01g/t gold from 220.5m;

11.2m at 1.77g/t gold from 173.8m, within 24.2m at 1.22g/t gold from 173.8m; and

3.8m at 2.05g/t gold from 89m, including 0.5m at 15.6g/t gold from 92.3m.

Saturn Metals said the results from AHRCD0016 and AHD0007 had improved the geological continuity of the higher-grade Armstrong zone within the resource, highlighting the potential to increase the overall grade of the known mineralised system.

The company currently has RC drilling further targeting this, and other higher-grade positions.

Saturn submitted samples from the AHRCD0016 mineralised intercept for a second and third round of assays using larger sample size bottle roll cyanidation and screen fire assay to help assess the effect of the nuggety gold noted in the drill core on the reported assay results.

Other results delineated several other wider zones of Apollo Hill style gold mineralisation with intersections including:

7.8m at 1.12g/t gold from 85m; and

15m at 0.8g/t gold from 146m.

Saturn indicated that all results would be used in an upcoming resource re-calculation with a resource statement anticipated for later in 2018.

Assays remain pending for four diamond drill holes taht tested distinctly different positions within the greater Apollo Hill gold system.

“Results continue to outline better grades within specific parts of the Apollo Hill gold system and we look forward to seeing how they affect our resource re-calculation in the coming months,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.