THE DRILL SERGEANT: Saturn Metals (ASX: STN) released further strong results from ongoing RC drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.
Saturn Metals is drilling as part of a strategy to grow the current Apollo Hill 781,000 ounces Mineral Resource.
The company has a further resource upgrade targeted for late 2020, incorporating results from drilling conducted since October 2019 when the resource estimate was last updated.
Results comprise thick, shallow intersections, which the company has considered to demonstrate mineralisation continuity on several hanging-wall positions along the deposit’s strike length, including:
10 metres at 2.02 grams per tonne gold from 51m, including 5m at 3.84g/t gold from 53m;
16m at 1.06g/t gold from 16m;
5m at 2.38g/t gold from 126m; and
7m at 1.02g/t gold from 200m.
Drilling on the Apollo Hill main zone continued to extend and improve mineralisation with intersections including:
16m at 2.0g/t gold from 136m including 5m at 5.57g/t gold from 141m;
23m at 1.64g/t gold from 221m;
11m at 1.2g/t gold from 204m and 5m at1.65g/t gold from 224m within 46m at 0.73g/t gold from 190m;
9m at 1.62g/t gold from 26m;
10m at 1.10g/t gold from 33m;
7m at 1.17g/t gold from 18m; and
6m at 1.85g/t gold from 69m.
“Results continue to extend gold mineralisation and improve continuity in shallow hanging-wall positions along the deposit’s strike length,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.
“Extensional drilling on the main lode is returning some excellent intersections.
“Assays remain pending for a further 60 holes and drilling continues to home in on key growth areas of the deposit.
“We look forward to receiving and reporting on the next batch shortly and to incorporating them into the next resource upgrade process planned for later this year.”
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