Saturn Metals Pleased with First Pass AC Drill Results near Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has made early progress with its strategy of exploring for complementary gold deposits adjacent to the company’s Apollo Hill gold project in Western Australia.

Saturn Metals reported recent drilling regional to the project’s 1.47 million ounce Mineral Resource has delivered strong results in what it see as a new and exciting geological terrain.

Thick and higher-grade aircore (AC) intersections include:

AHAC1537
20 metres at 1.44 grams per tonne gold from 88m, including 8m at 3.37g/t gold from 96m; and

AHAC1516
4m at 12.95g/t gold from 78m.

The recent results are located only 10 kilometres southeast of the Apollo Hill Mineral Resource and 3-6km southeast of Saturn’s Bob’s, Calypso and Erebus gold prospects, effectively adding to Apollo Hill’s camp scale mineralised potential.

To ensure some market attention, Saturn also reported several rare earth (REE) drill intersections close to the reported gold intersections, which it has interpreted to be further evidence of a fertile mineralised terrain.

“These are great greenfields drill results and I am most excited by the geological ingredients we are interpreting and more importantly intersecting in this new terrain next door to Apollo Hill,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“We are continuing the hunt for the next major discovery on our regional scale drill based gold anomaly as we work away on our parallel development plans at Apollo Hill.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE