Saturn Metals Strikes Visible Gold Hits in First Drill Hole

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported visible gold in the first diamond tail completed by the company at its Apollo Hill gold project near Leonora in the West Australian goldfields.

Saturn Metals said the visible gold was supported by a 3D X-ray scan of a 20-metre section of core from the diamond tail, AHRCD0016, using Swick Mining Services’ Orexplore GeoCore X10 core scanning technology showing the presence of additional interpreted gold grains.

Using the Orexplore technology, interpreted gold grains were scanned at 181.7m, 184.21m, 184.45m 197.2m and 201.25m, giving gold indications over the entire 20m section of AHRCD0016 core.

Saturn has submitted the whole drill core to the laboratory for assay to ensure all gold grains are captured in the analysis.

The company explained that AHRCD0016 is the first of a nine-hole diamond drilling program completed in June to test for higher grade plunging shoots (including the Armstrong and Eagle Shoots) within the current Apollo Hill 0.505 million ounce JORC 2012 Inferred Resource of 17.2 million tonnes at 0.9g/t gold.

“We are extremely pleased with the unusually high number of gold indications we have seen in the AHRCD0016 core so far,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“We look forward to reporting the assay results for this hole, and the other eight holes in the coming weeks.

“The GeoCore X10 scan has provided us with additional confidence in our interpretations, some timely geological targeting information for the start of our upcoming RC program and a great data set for the deposits apparently simple metallurgical development.”