THE DRILL SERGEANT: Saturn Metals (ASX: STN) commenced its first drilling campaign at the company’s wholly-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.
Saturn Metals indicated the program is to comprise of approximately 1,200 metres of diamond drilling in nine holes, designed to test for and further define higher grade plunging shoots within the existing 17.2 million tonnes at 0.9 grams per tonne gold for 0.5 million ounce 2012 JORC-compliant inferred resource.
The drilling is to follow up on recent and historic drilling results the company says has highlighted the potential for stacked, higher grade plunging shoots within the greater Apollo Hill gold system.
Recent RC drilling results include:
20 metres at 2.5g/t gold from 52m; and
8m at 3.3g/t gold from 16m.
Intersections from historic drilling include:
2m at 69.6g/t gold from 146m; and
5.3m at 10.3g/t gold from 70.7m.
The diamond drilling has been charged with other objectives, including to identify additional mineralisation and gather geological information for use in the calculation of a new Resource for the project.
Saturn anticipates announcing an upgraded resource in mid to late 2018.
“This program of drilling has been designed to find further evidence of the higher-grade architecture within the large Apollo Hill gold system,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“We look forward to having a good look at the geology of the mineralised system in diamond core and to reporting on results in due course.”