Saturn Metals Scores Further Big Gold Hits at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) continued its golden drilling run at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals released further results from ongoing RC drilling at the Apollo Hill deposit that is being carried out with the aim of growing the current Apollo Hill 781,000-ounce Mineral Resource.

Saturn Metals is looking at a resource upgrade for late 2020, incorporating results from over 50,000m of drilling the company has conducted since October 2019 when the resource estimate was last updated.

The latest drilling returned thick and shallow intersections the company claims to further demonstrate mineralised continuity on several hanging-wall positions along the deposit’s strike length:

These include:

AHRC0395
15 metres at 1 gram per tonne gold from 145m, including 5m at 2.39g/t gold from 145m;

AHRC0429
11m at 1.03g/t gold from 65m, including 6m at 2.19g/t gold from 70m;

AHRC0458
8m at 1.16g/t gold from 165m;

AHRC0398
7m at 1.39g/t gold from 135m, within 24m at 0.57gt gold from 118m;

AHRC0396
5m at 1.24g/t gold from 109m, including 2m at 2.95g/t gold from 112m;

AHRC0409
4m at 3.21g/t gold from 162m;

AHRC0427
5m at 1.23g/t gold from 1m;
3m at 2.06g/t gold from 111m;

AHRC0420
4m at 1.32g/t gold from 62m;

AHRC0430
4m at 0.97g/t gold from 55m; and

AHRC0397
2m at 7.37g/t gold from 96m;
1m at 8.55g/t gold from 204m.

Drilling on the Apollo Hill main zone extended mineralisation with intersections including:

AHRC0424
12m at 1.78g/t gold from 370m;

AHRC0425
8m at 1.6g/t gold from 218m;

AHRC0426
8m at 1.03g/t gold from 237m within 20m at 0.62g/t gold from 233m; and

AHRC0451
5m at 1.04g/t gold from 149m within 12m at 0.56g/t gold from 142m;
7m at 1g/t gold from 186m.

“Results continue to develop shallower hanging-wall positions,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Further extensional intersections are being reported on the main lode.

“The cumulative effect of ongoing drilling is the significant enhancement of our understanding of the opportunity at Apollo Hill.

“Assays remain pending for a further 41 holes and drilling is continuing.

“We look forward to receiving and reporting on the next batch shortly.

“The reported assays are being incorporated into the current resource upgrade process which is scheduled for completion in early December.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au