THE DRILL SERGEANT: Saturn Metals (ASX: STN) has fashioned a new geological interpretation on the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.
Saturn Metals formed this new opinion on receipt of results from reverse circulation (RC) drilling around the high-grade hanging-walls at Apollo Hill.
The company’s new geological interpretation suggests a westerly-dipping structural corridor highlights additional high-grade opportunity at the Apollo Hill gold project.
Drilling is being undertaken at Apollo Hill as part of Saturn’s efforts to rapidly expand and improve the newly discovered higher-grade hanging wall zones and to grow and improve the project’s 781,000 ounce Mineral Resource.
Drilling at Apollo Hill has continued to intersect mineralisation around higher grade zones with intercepts including:
17 metres at 0.84 grams per tonne gold from 146m; and
7m at 1.44g/t gold from 116m.
“Every drill result is providing additional evidence of a major system with multiple opportunities and facets,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“We are particularly excited about our new interpretation, the current drilling and the opportunities it could afford.
“The bigger picture continues to emerge.
“We look forward to the ongoing results flow and to including the new information into our next resource update currently scheduled for later in 2020.”