Saturn Metals Expands Apollo Hill Gold System

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

Saturn Metals is drilling as part of a strategy to grow the current Apollo Hill 781,000 ounces Mineral Resource.

The company has a further resource upgrade targeted for late 2020, incorporating results from drilling conducted since October 2019 when the resource estimate was last updated.

Results comprise thick, shallow intersections, which the company has considered to demonstrate mineralisation continuity on several hanging-wall positions along the deposit’s strike length, including:

AHRC0414
10 metres at 2.02 grams per tonne gold from 51m, including 5m at 3.84g/t gold from 53m;

AHRC0393
16m at 1.06g/t gold from 16m;

AHRC0448
5m at 2.38g/t gold from 126m; and

AHRC0387
7m at 1.02g/t gold from 200m.

Drilling on the Apollo Hill main zone continued to extend and improve mineralisation with intersections including:

AHRC0414
16m at 2.0g/t gold from 136m including 5m at 5.57g/t gold from 141m;

AHRC0393
23m at 1.64g/t gold from 221m;

AHRC0176
11m at 1.2g/t gold from 204m and 5m at1.65g/t gold from 224m within 46m at 0.73g/t gold from 190m;

AHRC0439
9m at 1.62g/t gold from 26m;

AHRC0441
10m at 1.10g/t gold from 33m;

AHRC0440
7m at 1.17g/t gold from 18m; and

AHRC0388
6m at 1.85g/t gold from 69m.

“Results continue to extend gold mineralisation and improve continuity in shallow hanging-wall positions along the deposit’s strike length,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Extensional drilling on the main lode is returning some excellent intersections.

“Assays remain pending for a further 60 holes and drilling continues to home in on key growth areas of the deposit.

“We look forward to receiving and reporting on the next batch shortly and to incorporating them into the next resource upgrade process planned for later this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au