Posts

Saturn Metals Intersects High-Grade and Visible Gold at Apollo Hill

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported new results from drilling recently undertaken at the company’s Apollo Hill gold project in Western Australia.

Saturn Metals explained the assay results returned from two diamond drill holes that were originally drilled for geotechnical purposes have also:

• provided further definition around some of the deposit’s higher-grade architecture;
• highlighted the potential for positive reconciliation in an area of the current Measured Mineral Resource (potential for localised improvements in grade); and
• further highlighted the potential for higher grade ores at surface across the deposit.

High grade and thick intersections returned from near surface include:

AHDD0018
16.6 metres at 14.5 grams per tonne gold from 11m, including 11.1m at 21.55g/t gold from 16.1m, including 4.7m at 49.25g/t gold from 17.4 m; and

AHDD0017
18.6m at 0.9g/t gold from SURFACE, including 11m at 1.33g/t gold from 2m.

“Results from infill drilling are consistently showing strong intersections and pockets of higher-grade within the deposit,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“As we continue to progress Apollo Hill project through its development studies towards production we also look forward to additional results from this year’s planned exploration and Resource development drill programs.”

Saturn indicated the assay results achieved from this program will ultimately be used in future upgrades to Apollo Hill’s current Mineral Resource Estimate of 105 million tonnes at 0.54 grams per tonne gold for 1.84 million ounces.

The next upgrade is due after additional drilling planned for 2023/24.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Saturn Metals Upgrades Apollo Hill Gold Resource

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported an updated Mineral Resource Estimate (MRE) for the Apollo Hill gold deposit at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia.

Saturn Metals released a Measured, Indicated and Inferred Mineral Resource for Apollo Hill of:

105 million tonnes at 0.54 grams per tonne gold for 1,839,000 ounces reported above a cut-off grade of 0.2g/t gold and reported within a constraining pit shell under a low-cost bulk tonnage mining and heap leach processing scenario.

The update represents an addition of 370,000 ounces from the company’s previous Mineral Resource, representing an increase of 25 per cent in ounces.

“This Mineral Resource upgrade is the fifth in as many years for the company at its flagship Apollo Hill asset,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“We have made a significant step forward by fully embracing a conventional bulk mining and heap leach processing trajectory.

“The results of our 2023 metallurgical test program have demonstrated the ability to achieve higher gold recoveries across the deposits full grade range under an improved heap leach processing scenario.

“Our ongoing mining and engineering studies have leveraged off the deposit’s economies of scale and consistency to be able to consider efficient bulk tonnage mining and scheduling practices.

“This Mineral Resource is published within a single, simple, large ‘Whittle’ pit shell with a significantly improved stripping ratio.

“Consistent improvements in the quality of the resource, its overall size, and to the Mineral Resource classifications, through efficient drilling continue to bode well for the advancement of our business.

“Importantly, with the many inherent strengths as noted above, the Apollo Hill deposit has surpassed a critical juncture for development and we look forward to publishing our Preliminary Economic Assessment in the near future.

“As our geological understanding of the deposit continues to grow so does its potential for growth.

“The system is open along strike and drilling continues at the deposit, camp, and district scales with two rigs on site testing for additional mineralisation.

“As the company moves towards a Pre-feasibility study, the next stage of metallurgical test work has commenced to search for additional processing and recovery refinements.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Saturn Metals Reports Thick and Higher-Grade Intercepts at Apollo Hill

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) received remaining results from Reverse Circulation (RC) grade control drilling completed on the planned bulk sample pit location at the company’s Apollo Hill gold project in Western Australia.

Latest results include broad and higher grade, intersections at and near surface including:

AHRC0906
37 metres at 2.02 grams per tonne gold from 1m, including 12m at 4.55g/t gold from 4m;

AHAC0931
64m at 1.06g/t gold from 0m, including 18m at 2.63g/t gold from 9m;

AHAC0926
15m at 2.45g/t gold from 0m, including 7m at 4.99g/t gold from 0m; and

AHAC0908
36m at 1.34g/t gold from 10m and 9m at 1.5g/t gold from 58m.

Saturn Metals reported all assays have now been returned from the grade control program and results will ultimately be used in future upgrades to Apollo Hill’s current Mineral Resource of 76.6 million tonnes at 0.6g/t gold for approx. 1.5 million ounces, which is slated for upgrading in mid-2023.

“Results confirm the potential for a significant amount of gold in a relatively small portion of the deposit,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“The high confidence data has provided an excellent foundation from which to move forward with the design of Saturn’s planned pilot heap leach operation.

“Geological learnings from this more detailed look at the asset have been invaluable and are being applied to the greater Apollo Hill deposit to help guide our ongoing exploration and resource development activities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Saturn Metals Encounters Thick, High-Grade Intercepts From Surface at Apollo Hill

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has continued to encounter encouraging results from RC grade control drilling underway at the planned bulk sample pit location within the company’s Apollo Hill gold project in Western Australia.

Saturn Metals said recent drill results within the planned bulk sample pit area have provided further definition around some of the deposits higher grade architecture while highlighting potential for a positive reconciliation between the current Mineral Resource Model and any new grade control model in this area of the deposit.

He drilling has also confirmed the target area as a suitable location for a low strip bulk sample pit and demonstrated potential for highly payable ores at surface across the deposit.

Broad and high-grade, intersections from surface include:

AHRC0897
55 metres at 2.12 grams per tonne gold from 0m, including 19 m at 5.59g/t gold from 0m, including 10m at 10.4g/t gold from 6m;

AHRC0896
36m at 2.34g/t gold from 0m, including 9m at 8.19/t gold from 0m;

AHAC0876
52m at 1.03g/t gold from 0m, including 22m at 2.07g/t gold from 30m, including 4m at 8.71g/t gold from 48m; and

AHRC0872
47m at 1.03g/t gold from 0m, including 14m at 2.65g/t gold from 12m.

“Results indicate the potential for a significant amount of gold in a relatively small portion of the deposit,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“The implications for both the planned pilot heap leaching operation and the bigger project are quite positive.

“We look forward to updating our plans for the bulk sample pit with this new drilling information and to receiving and reporting on the next batch of assays from the drilling completed to date.

“Geological learnings from this more detailed look at the asset are being applied to the greater Apollo Hill deposit to help guide our ongoing exploration and resource development activities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Saturn Metals Pleased with First Pass AC Drill Results near Apollo Hill

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has made early progress with its strategy of exploring for complementary gold deposits adjacent to the company’s Apollo Hill gold project in Western Australia.

Saturn Metals reported recent drilling regional to the project’s 1.47 million ounce Mineral Resource has delivered strong results in what it see as a new and exciting geological terrain.

Thick and higher-grade aircore (AC) intersections include:

AHAC1537
20 metres at 1.44 grams per tonne gold from 88m, including 8m at 3.37g/t gold from 96m; and

AHAC1516
4m at 12.95g/t gold from 78m.

The recent results are located only 10 kilometres southeast of the Apollo Hill Mineral Resource and 3-6km southeast of Saturn’s Bob’s, Calypso and Erebus gold prospects, effectively adding to Apollo Hill’s camp scale mineralised potential.

To ensure some market attention, Saturn also reported several rare earth (REE) drill intersections close to the reported gold intersections, which it has interpreted to be further evidence of a fertile mineralised terrain.

“These are great greenfields drill results and I am most excited by the geological ingredients we are interpreting and more importantly intersecting in this new terrain next door to Apollo Hill,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“We are continuing the hunt for the next major discovery on our regional scale drill based gold anomaly as we work away on our parallel development plans at Apollo Hill.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Saturn Metals Hits Thick Shallow Gold at Hercules

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) received promising results from exploration of the area surrounding the company’s Apollo Hill gold project near Leonora in Western Australia.

Saturn Metals is implementing a strategy of exploring for complementary gold deposits in proximity to the recently upgraded 1.47 million ounces Apollo Hill Mineral Resource.

Follow up aircore (AC) drilling at the Hercules prospect has returned several, thick, shallow, gold intersections, including:

AHAC1323
20 metres at 0.92 grams per tonne gold from 32m, including 8m at 1.68g/t gold from 44m;

AHAC1322
12m at 1.05g/t gold from 32m; and

AHAC1297
7m at 1.71g/t gold from 39m.

“It is great to see a coherent gold system coming together at Hercules as we invest in additional drilling,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“We still have several exciting dimensions and theories to test.

“We look forward to the next round of drilling and to results from our ongoing regional AC program in the greater gold prospective terrain surrounding Apollo Hill.

“Results from an additional 9,000 metres of AC drilling completed across the Apollo Hill land package will be reported when assay results are returned.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.saturnmetals.com.au

 

 

Saturn Metals Hits Encouraging Results at Hercules Gold Prospect

/in , /by

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has maintained a golden pace with new results from follow up AC drilling across the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

Saturn Metals claimed its recent regional exploration drilling has discovered a zone of gold bearing mineralisation at the recently identified Hercules prospect, within the company’s broader Apollo Hill land holdings.

Aircore (AC) intersections include:

AHAC0925
20 metres at 2.27 grams per tonne gold from 24m, including 8m at 5.17g/t gold from 24m;

AHAC0865
8m at 1.06g/t gold from 28m;

AHAC0696
4m at 1.35g/t gold from 16m; and

AHAC0842
4m at 1.08g/t gold from 16m.

Hercules is located 15 kilometres from Saturn’s 1.47 million ounce Apollo Hill Mineral Resource, sitting on a previously unexplored section of the gold fertile Keith Kilkenny Lineament.

“The strategy of exploring for new mineralisation opportunities within the larger Apollo Hill land package is bearing some great results,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“The large gold footprint and localised higher-grade intersections at Hercules show the potential of this new mineralised system.

“Its location on the interpreted Keith Kilkenny structure is favourable, and we are seeing some excellent geological ingredients in our drilling.

“We look forward to reporting further assay results as they are returned, and additional work is being planned.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Saturn Metals Derives Elite Recoveries at Apollo Hill

/in , , /by

COMMODITY CAPERS: Saturn Metals has announced excellent results from metallurgical test work on samples of mineralised material collected from the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project in the Western Australian Goldfields.

“The metallurgy of Apollo Hill is a great differentiator as it gives the opportunity for the company to consider shifting the scale of the deposit’s development,” Saturn Metals managing director Ian Bamborough said.

The company explained that the test work is a key part of its ongoing strategy to grow and progress the Apollo Hill Mineral Resource, which was last upgraded over one year ago to 944,000 ounces.

The results highlighted Apollo Hill’s amenability to simple low-cost mineral processing methods, including heap leach, which can in turn drive lower stripping ratios and efficient mining processes.

An Apollo Hill composite sample derived from high quality diamond core, gave an excellent overall recovery of 81 per cent from intermittent bottle roll tests, preceded with gravity separation, using high pressure grinding roll (HPGR) crushing to 8mm P100 (targeted commercial fresh rock crush size).

These results complement, confirm, and potentially improve on column leach test work previously published by the company where recovery was 73 per cent at 8mm crush on an Apollo Hill typical drill core composite.

A strong average recovery of 77 per cent was obtained for Apollo Hill’s major material types, across the deposit’s lower grade range, using conventional stage crushing and High Pressure Grinding Rolls (HPGR) sample subsets.

This augurs well when considering the reported global average grade of heap leach operations is 0.7g/t and on average 65 per cent of gold is recovered.

Saturn believes the results support its view that Apollo Hill has the potential to join this group.

It also indicates gold recovery may be viable from material which would normally be considered marginal and highlights potential for the use of lower cut off grades to improve economics.

“These excellent results from a comprehensive Apollo Hill sample set, provide a decisive weight of evidence for the application of simple cost-effective mineral processing scenarios at lower cut off grades,” Bamborough said.

“We plan to utilise these new results and the results of our more mill-based metallurgy program as reported in October 2021, to examine the potential for economies of scale in our current resource upgrade process and subsequent studies.”

 

Email: info@saturnmetals.com.au
Web: www.saturnmetals.com.au
Directors: Ian Bamborough, Brett Lambert, Andrew Venn, Rob Tyson, Adrian Goldstone

Saturn Metals Confirms New Gold System

/in , /by

THE DRILL SERGEANT: Saturn Metals reported confirmation of a new large gold system seven kilometres east of the company’s Apollo Hill Mineral Resource.

Results from initial RC drilling at the Bob’s prospect adjacent to the Apollo Hill deposit, included:

AHRC0825
5 metres at 6.82 grams per tonne gold from 130m;

AHRC0827
5m at 3.15g/t gold from 168m;

AHRC0822
8m at 1.04g/t gold from 153m; and

AHRC0826
4m at 1.85g/t gold from 132m.

Saturn has interpreted the improving results at Bob’s to be continuing to demonstrate the prosect could be a target of considerable size with increasing grade vectors and promising geology.

Drilling remains open along strike and down plunge of key intersections.

The company has planned RC follow up at Bob’s and is proceeding with AC step out programs on the greater ‘Camp Scale’ opportunity.

“We are excited by the prospect’s proximity to our Apollo Hill Mineral Resource and the exploration potential highlighted in the surrounding geology,” Saturn Metals managing director Ian Bamborough said.

“The company will report on progress as assay batches are received and processed.”

The Apollo Hill deposit and project are 100 per cent owned by Saturn Metals.

The company believes the Apollo Hill project has potential to become a large tonnage, simple metallurgy, low strip open pit mining operation.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au

 

Saturn Metals Raises $8M to Advance Apollo Hill

/in , /by

THE BOURSE WHISPERER: Saturn Metals (ASX: STN) has made exploration at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia a smidge easier by way of an $8 million raising.

Saturn Metals said the funds would enable it to continue resource definition, exploration drilling and metallurgical and other pre-development studies at Apollo Hill.

Drilling undertaken at Apollo Hill to date has exposed a wide mineralised corridor over a 3.5km strike length, including results in the North of the deposit where the current drill program is underway following up on earlier encouraging results.

A further resource upgrade is anticipated to be ready for the March quarter 2022, incorporating results from drilling Saturn has conducted since January 2021, when the resource estimate was last updated, and incorporating results from the company’s current metallurgical program.

“Saturn is delighted with the level of support shown in this successful raising,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“This puts the company in an excellent position to continue to expand the boundaries of our Apollo Hill gold system.

“Drilling this year has seen multiple strong intersections extending beyond the previous resource boundary.

“Higher grades within a lengthening mineralised corridor show the potential for next level discovery and a much bigger opportunity.

“In addition, this raising enables the company to fund other exciting activities in our exploration portfolio and step up our production orientated studies.

“With a healthy balance sheet, a strengthened register, and a robust resource and exploration base from which to grow, I look forward to delivering the results flow and an exciting year ahead for Saturn Metals and its shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@saturnmetals.com.au

 

Web: www.saturnmetals.com.au