Saturn Metals Returns Encouraging Drill Results from Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported an encounter with further diamond drilling intersections at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals completed drilling that tested extensional positions on the main Apollo Hill deposit and the adjacent Ra deposit, which have a combined 0.505 million ounce JORC 2012-compliant inferred gold resource of 17.2 million tonnes at 0.9 grams per tonne gold.

Better results from the latest batch of diamond drilling assays include:

2.6 metres at 3.23g/t gold from 88.7m – (Ra Footwall Zone);

2.2m at 2.5g/t gold from 61.7m – (Ra); and

2.5m at 3.18g/t gold from 76.5m within 10.1m at 1.26g/t gold from 75.9m – (Apollo Hill South).

Saturn Metals said the intersections at Apollo South show similarities to the higher-grade dolerite hosted vein structures noted in the parallel and adjacent Ra deposit.

The drilling has also demonstrated the potential for more of this important style of mineralisation in the prospective dolerites.

Drilling remains open along strike and down plunge with the potential for multiple stacked lodes.

Results also delineated several other wider zones of lower grade gold mineralisation with intersections including:

21m at 0.44g/t gold from 117m; and

7.1m at 0.58g/t gold from 14m.

The company indicated that results will form part of an upcoming resource re-calculation with a revised resource statement anticipated for later in 2018.

“We are excited by the new geological development at Apollo South, and the potential to discover another zone of higher grade Ra style mineralisation,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“The opportunity remains open for additional testing.”