THE DRILL SERGEANT: Saturn Metals (ASX: STN) was eager to let the market know of further results achieved from ongoing reverse circulation (RC) drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project, south-east of Leonora in the Western Australian goldfields.
Saturn Metals explained the drilling is a key part of the company’s ongoing strategy to grow the Apollo Hill Mineral Resource, which was upgraded to 944,000 ounces on 28 January.
The company anticipates another resource upgrade later in 2021 utilising the results from the next 20,000m of drilling planned across the Apollo tenements and the 29,000m already completed between January and May.
Thick, shallow, and higher-grade intersections from recent reverse circulation drilling include:
10 metres at 4 grams per tonne gold from 89m, including 5m at 7g/t gold from 94m;
12m at 1.82g/t gold from 172m including 5m at 3g/t gold from 172m;
12m at 1.32 g/t gold from 75m including 4m at 3.43g/t gold from 79m;
12m at 1.02g/t gold from 30m including 6m at 1.83g/t gold from 30m;
4m at 4.51g/t gold from 108m;
3m at 12.33g/t gold from 79m; and
2m at 9.87g/t gold from 171m.
Saturn claimed the new results effectively merge mineralisation into one continuous southern Apollo Hill extensional corridor between the Ra and Tefnut zones over a one kilometre strike length, demonstrating clear continuity between the drill sections.
“These excellent results provide us with the confidence to model the new corridor over its full strike length, an important step as we work towards our next resource upgrade planned for later in 2021,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.
“The new results highlight the ongoing exploration potential where drilling remains open to south, and to the north immediately adjacent and parallel to the main Apollo Hill Lode, with further work planned.
“A higher-grade core to the assay results is becoming evident over the extensional corridor’s strike length and this is very promising.
“We look forward to reporting on the next batch of assays from the 40 additional holes completed to date in this area.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE