Saturn Metals Returns More Positive Apollo Hill Drill Results

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported new near-surface extensional assay results from a Reverse Circulation (RC) drilling program recently completed at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia.

Saturn Metals has now reported all results for the 35 holes it completed during the first phase of RC drilling at Apollo Hill the company has carried out since taking ownership of the project.

Results from the drilling include:

22 metres at 1.01 grams per tonne gold from 52m, including 11m at 1.49g/t gold from 52m;

10m at 1.5g/t gold from 49m;

6m at 2.41g/t gold from 53m;

34m at 0.45g/t gold from 76m; ad

12m at 0.45g/t gold from 36m.

Saturn Metals said the returned drill intersections provided further comparisons to historic drill intersections from Apollo Hill.

The company said that when coupled with other recently released drill results (6m at 2.26g/t gold from 11m, and 23m at 1.15g/t gold from 11m), the latest results highlight the potential to increase the scale of the known mineralised system from the current 0.505 million ounce JORC 2012-compliant inferred gold resource of 17.2 million tonnes at 0.9g/t gold.

“These strong drill results have increased our confidence in our ability to grow and improve the Apollo Hill gold system whilst focusing on shallow extensions,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“The recent holes provide great additional data on which to base our next resource calculation, which is planned for mid to late 2018.”

Saturn Metals has already commenced a follow-up phase of diamond drilling and further RC resource drilling is being planned for late June 2018.