Saturn Metals Encounters Strong Gold Hits at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported further results from ongoing reverse circulation (RC) drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project, east of Leonora in the Western Australian Goldfields.

The current drilling is part of the company’s strategy to grow the Apollo Hill Mineral Resource, which was upgraded to 944,000 ounces in January 2021 with another resource upgrade planned for later in 2021.

The upcoming upgrade will use results from the next 10,000m of drilling planned across the Apollo tenements and approx. 40,000m Saturn Metals already completed between January and July.

Latest results stem from drilling on the Ra-Tefnut extensional corridor, returning thick and shallow reverse circulation (RC) intersections including:

10 metres at 2.34 grams per tonne gold from 136m, including 5m at 4.42g/t gold from 140m;

22m at 1g/t gold from 154m;

14m at 1.49g/t gold from 104m, including 6m at 3.01g/t gold from 112m;

18m at 1.16 g/t gold from 37m and 10m at 0.96g/t gold from 58m; and

4m at 11.59g/t gold from 112m.

Drilling on this new zone, since the last resource upgrade in January, has outlined a 1km long, 200m wide mineralised corridor with coherent zones of mineralisation and multiple strong intersections.

At the Ra North corridor, extensional RC results returned in the footwall position to Apollo Hill Main Lode include:

7m at 1.49g/t gold from 29m, 6m at 1.63g/t gold from 47m, and 12m at 1.37g/t gold from 183m.

At the northern end of the Apollo Hill Main Lode, RC drilling returned a shallow thick and higher-grade intersection of:

21m at 1.81g/t gold from 44m, including 7m at 2.87g/t gold from 44m.

“The expanding width of the mineral system on the Southern Apollo Hill Corridor bodes well for mineralisation growth opportunities. Intersections at the Ra North Zone are highlighting the growing exploration opportunity parallel and immediately adjacent to the Apollo Hill Main Lode,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Results will be incorporated into our next resource upgrade process planned for late 2021 and early 2022.

“Drilling remains open on multiple fronts and step-out RC drilling is due to commence in the coming week.”