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Saturn Metals Sees Bigger Apollo Hill Picture Developing

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:

AHRC0334
17 metres at 0.84 grams per tonne gold from 146m; and

AHRC0336
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.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Saturn Metals Extends Mineralisation at Tefnut, South Lake and Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported results from reverse circulation (RC) drilling focussing on southerly extensions to the Apollo Hill system on the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals conducted the drilling on covered terrain to the south of Apollo Hill around the Tefnut target.

The company completed an initial phase of step out exploration to expand the Apollo Hill mineralised corridor and provide further leads to grow and improve the project’s 781,000-ounce Mineral Resource.

Highlights include:

AHRC0326
12 metres at 2.24 grams per tonne gold from 224m, including 5m at 4.46g/t gold from 230m (Apollo Hill Main Lode); and

7m at 1.2g/t gold from 25m – (Apollo Hill Hanging-walls);

AHRC0321
3m at 1.24g/t gold from 56m and 2m at 4.97g/t gold from 105m – (Tefnut); and

AHRC0328
4m at 2.86g/t gold from 255m.

The company considers the intersections from Tefnut important, believing they have highlighted the potential to develop more Ra style mineralisation at this prospect which sits approximately 1km south of Apollo Hill.

Step-out drilling at South Lake, 300m east of Tefnut on an adjacent section, returned further gold intersections and mineral alteration beneath a thin (1-5m) cover sequence.

A shallow intersection of 1m at 1.59g/t gold from 56m in AHRC0313 highlighted the continuation of the mineralised corridor to the east.

“Positive results from this kind of exploratory drilling are important for the future growth of the Apollo Hill camp,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“The system is still wide open for additional discovery and our drill programs continue with further work planned in these areas.

“In the meantime, we are looking forward to the ongoing results flow from drilling around the high-grade Apollo hanging-wall zone with assays pending for another five holes.

‘Drilling is continuing at this important zone with two rigs on site.

“We are keeping the drill bits turning and look forward to including the ongoing results flow into our next resource update currently scheduled for mid-2020.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

THE DAILY ROADHOUSE

 

Saturn Metals Confirms High-Grade Mineralisation at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced the first results from the 2020 reverse circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Matsa Resources Extends Fortitude North Mineralisation

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) has received early results from diamond drilling at Fortitude North, located within the company’s Lake Carey gold project in Western Australia.

Ardiden Identifies High-Grade Gold Hits in Pickle Lake Review

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) scored well from a recently completed review of historical drillhole data at the company’s Pickle Lake gold project in Ontario, Canada.

Alloy Resources Acquires New Exploration Pipeline Via Dingo Resources

THE BOURSE WHISPERER: Alloy Resources (ASX: AYR) has entered into a binding Heads of Agreement to acquire unlisted public company Dingo Resources Limited.

 

Saturn Metals Confirms High-Grade Mineralisation at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced the first results from the 2020 reverse circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals is currently drilling at Apollo Hill as part of its efforts to rapidly expand and improve the newly discovered high-grade hanging wall zone and to grow and improve the project’s current Mineral Resource.

High-grade, thick and shallow intersections were achieved in the latest step out drill hole:

AHRC0330
8 metres at 12.9 grams per tonne gold from 126m within 14m at 7.75g/t gold from 120m, and;

5m at 8.03g/t gold from 111m.

These intersections follow on from recently released results of:

AHRC0312
12m at 9.98g/t gold from 269m and 11m at 3.2g/t gold from 208m in hole

Saturn Gold believes the results combine to provide important evidence of the repeatability of high-grade mineralisation in the Apollo Hill hanging walls.

The latest results also provide an important vector for additional discovery with several high-grade stacked lodes now interpreted.

As before, the new intersections sit outside, but adjacent to, the current Mineral Resource of 24.5 million tonnes at 1g/t gold for 781,000 ounces of gold and highlight the potential to increase the grade, quality and scale of the resource.

“These excellent results have provided strong evidence of the repeatability of high-grade mineralisation in this thick mineralised corridor,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Drilling continues to show the potential for significant resource improvement and growth immediately adjacent to the initial Apollo Hill zone.

“Key vectors for additional discovery are now apparent.

“Drilling continues with two rigs focussed on follow up drilling around this important zone and several assays are pending.

“We look forward to the ongoing results flow and to including the new information into our next resource update currently scheduled for mid-2020.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

THE DAILY ROADHOUSE

 

Cassini Resources Discovers New Mineralised Prospect at Yarawindah

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has been encouraged by early drilling results from the company’s 80 per cent-owned Yarawindah Brook project located northeast of Perth near New Norcia in Western Australia.

Saturn Metals Drills Major Step Out Result at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) released results from a Reverse Circulation (RC) drilling campaign undertaken at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Lithium Australia Patent Applications Published by WIPO

THE BOURSE WHISPERER: Lithium Australia has had two patent applications published by The International Bureau of the World Intellectual Property Organisation (WIPO).

Impact Minerals Identifies Porphyry Copper-Gold Prospects

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified four undrilled priority prospects for porphyry copper-gold deposits at the company’s 100 per cent-owned Commonwealth project in the copper-gold Lachlan Fold Belt in New South Wales.

 

Saturn Metals Drills Major Step Out Result at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) released results from a Reverse Circulation (RC) drilling campaign undertaken at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals carried out the drilling at Apollo Hill in December 2019 as part of the company’s efforts to rapidly expand and improve the newly discovered higher-grade hanging wall zones and to grow and improve the project’s current 24.5 million tonnes at 1 gram per tonne gold for 781,000 ounces of gold Mineral Resource.

The best results came in the form of high-grade, thick intersections from step out drill hole AHRC0312 and include:

12 metres at 9.98 grams per tonne gold from 269m;
36m at 1.32g/t gold from 183m, including 11m at 3.28g/t gold from 208m; and
13m at 1.2g/t gold from 301m, including 4m at 3.63g/t gold from 301m.

Saturn Metals described this as the best result it has achieved on the project to date, with excellent grade and thickness located in a highly favourable step out position relative to the existing resource and known mineralisation.

“These step change results have provided a key breakthrough in the development of the rapidly growing and improving Apollo Hill Gold system,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Drilling clearly shows the potential for a major resource improvement and expansion immediately adjacent to the initial Apollo Hill zone.

“A thick mineralised corridor is providing multiple opportunities for additional discovery with significantly improved grades now being intersected.

“Drilling has recommenced at Apollo Hill with two rigs currently on site.

“We look forward to the ongoing results flow and to including the new information into our next resource process currently scheduled for mid-2020.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Saturn Metals Extends Apollo Hill Mineralisation

THE DRILL SERGEANT: Saturn Metals (ASX: STN) released results from a reverse circulation (RC) drilling program recently completed at the company’s 100 per cent-owned Apollo Hill gold project in the Western Australian goldfields.

Saturn Metals completed the Apollo Hill program as part of its efforts to rapidly expand the newly discovered high-grade hanging wall zones and to grow the project’s recently upgraded 781,000 ounce Mineral Resource.

The company claimed the drilling successfully extended mineralisation in multiple directions.

Results include:

AHRC0297
5 metres at 4.7 grams per tonne gold from 126m;

AHRC0281
6m at 4.08g/t gold from 108m within 55m at 0.62g/t gold from 92m;

AHRC0291
14m at 1.4g/t gold from 133m;

AHRC0296
14m at 1.21g/t gold from 12m within 28m at 0.9g/t gold;

AHRC0292
8m at 1.7g/t gold from 33m within 21m at 0.72g/t gold from 33m;

AHRC0287
6m at 2.2g/t gold from 129m within 19m at 0.91g/t gold from 116m;

“Results continue to show the potential for significant resource growth immediately adjacent to Apollo Hill in the higher-grade hanging-wall zones, while a widening mineralised corridor may provide multiple opportunities for additional discovery,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Improving mineralisation in other areas such as the Ra area is a bonus.

“Importantly, we look forward to results from our recently completed deeper step out holes which have been drilled to test for mineralisation down dip of both the northern and southern higher-grade hanging-wall zones.

“A second 10,000 metre extensional RC phase is planned to commence in early January 2020.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Saturn Metals Continues Drilling at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) released new results from a reverse circulation (RC) drilling program underway at the company’s 100 per cent-owned Apollo Hill gold project in the Goldfields region of Western Australia.

Saturn Metals is currently drilling up to 13,000 metres at Apollo Hill as it looks to rapidly expand the newly discovered high-grade hanging wall zones and to grow the project’s recently upgraded 781,000 ounce Mineral Resource.

The company said the drilling is focussed on extending mineralisation with results from exploration step-outs to the east and down dip including:

AHRC0269
5 metres at 5.19 grams per tonne gold from 44m within 16m at 1.69g/t gold from 44m;

AHRC0244
11m at 1.2g/t gold from 180m within 25m at 0.61g/t gold from 166m; and

AHRC0242
7m at 2.13g/t gold from 64m.

Saturn explained the results from AHRC0269 (5m at 5.19g/t gold from 44m) have identified a new gold lode to the north-east of Apollo Hill, outside the existing resource that was completed in October 2019.

The results achieved in AHRC0244 (11m at 1.2g/t gold from 180m) have highlighted the continuity of the hanging wall lodes down dip, 80m below the current hanging wall resource, and adjacent to the main lode.

At this stage the drilling remains open while intersections continue to improve the ratio of mineralised material to non-mineralised material in the Resource area.

Assays are pending for a further 28 holes that have been drilled to date.

“Results continue to confirm our thesis for step change growth immediately adjacent to the Apollo Hill main lode,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“We are extremely encouraged by the widening gold system, further higher-grade intersections, and the extension of the hanging wall system down dip.

“We are pressing ahead with our accelerated exploration effort as our confidence in the geological picture and gold system grows.”

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

THE DAILY ROADHOUSE

Stavely Minerals Undertaking $19.6 Million Raising

THE BOURSE WHISPERER: Stavely Minerals (ASX: SVY) is conducting a capital raising of $19.6 million by way of a share placement of 19.6 million shares at $1.00 per share.

Saturn Metals Upgrades Apollo Hill Gold Resource

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has completed an updated Mineral Resource estimate for the Apollo Hill gold deposit at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

Meteoric Resources Continues Juruena Golden Run

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) announced the latest batch of assays from the company’s 100 per cent-owned Juruena gold project in Brazil.

Auroch Minerals Progresses Saints Nickel Project Drill Program

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) kept the market up to date on the progress of its maiden drilling program underway at the company’s recently-acquired Saints nickel project near Kalgoorlie in Western Australia.

Independence Group Teams up with Apollo Consolidated at Louisa Nickel Sulphide Project

THE BOURSE WHISPERER: Independence Group (ASX: IGO) has entered a farm-in and joint venture with Apollo Consolidated Limited (ASX: AOP).

 

Saturn Metals Upgrades Apollo Hill Gold Resource

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has completed an updated Mineral Resource estimate for the Apollo Hill gold deposit at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

The upgraded Mineral Resource totals 24.5 million tonnes at 1 gram per tonne gold for 781,000 ounces of gold.

Saturn Metals highlighted the increase in contained ounces from its previously published resource as it incorporates the results of a 152-hole, 18,600m extensional and in-fill drilling campaign completed since the last Mineral Resource upgrade published in mid-November 2018.

The updated Resource contains an addition of 96,000 ounces of gold from the previous Inferred and Indicated Mineral Resource.

Based on the additional drilling, a total of 9.2 million tonnes at 1g/t gold for 298,000 ounces is now classified as an Indicated Mineral Resource representing 38 per cent of the total Mineral Resource and a 250 per cent increase from the previous Indicated Mineral Resource.

Saturn Metals has now added 276,000 ounces to the Apollo Hill Mineral Resource in approximately 18 months with 28,000m of RC and diamond drilling.

“This resource upgrade is another significant step for the company and the Apollo Hill asset only a short while since listing,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“Improvements in localised grade, ounces, tonnes, quality and Mineral Resource categories, all with efficient drilling and at an effective discovery cost per ounce, bode well for the development of our business.

“With some of the strongest intersections located in the newly discovered higher-grade hanging-walls, the system is wide open for rapid expansion.

“Drilling has already resumed to test these and other step out targets and results from this expansionary phase of our journey will be reported in due course.”

Resource additions since Saturn listed on the ASX in March 2018 have been made at a rate of 9.8 gold ounces for every metre drilled and modelled.

The company’s strategy moving forward is to target further expansion of the Apollo Hill gold deposit and look for new deposits across its regional land package before initiating a scoping study.

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au