Saturn Metals Extends Mineralisation at Tefnut, South Lake and Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported results from reverse circulation (RC) drilling focussing on southerly extensions to the Apollo Hill system on the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals conducted the drilling on covered terrain to the south of Apollo Hill around the Tefnut target.

The company completed an initial phase of step out exploration to expand the Apollo Hill mineralised corridor and provide further leads to grow and improve the project’s 781,000-ounce Mineral Resource.

Highlights include:

12 metres at 2.24 grams per tonne gold from 224m, including 5m at 4.46g/t gold from 230m (Apollo Hill Main Lode); and

7m at 1.2g/t gold from 25m – (Apollo Hill Hanging-walls);

3m at 1.24g/t gold from 56m and 2m at 4.97g/t gold from 105m – (Tefnut); and

4m at 2.86g/t gold from 255m.

The company considers the intersections from Tefnut important, believing they have highlighted the potential to develop more Ra style mineralisation at this prospect which sits approximately 1km south of Apollo Hill.

Step-out drilling at South Lake, 300m east of Tefnut on an adjacent section, returned further gold intersections and mineral alteration beneath a thin (1-5m) cover sequence.

A shallow intersection of 1m at 1.59g/t gold from 56m in AHRC0313 highlighted the continuation of the mineralised corridor to the east.

“Positive results from this kind of exploratory drilling are important for the future growth of the Apollo Hill camp,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“The system is still wide open for additional discovery and our drill programs continue with further work planned in these areas.

“In the meantime, we are looking forward to the ongoing results flow from drilling around the high-grade Apollo hanging-wall zone with assays pending for another five holes.

‘Drilling is continuing at this important zone with two rigs on site.

“We are keeping the drill bits turning and look forward to including the ongoing results flow into our next resource update currently scheduled for mid-2020.”