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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

 

Saturn Metals Drilling Encouraging Results at Apollo Hill

THE CONFERENCE CALLER: Saturn Metals (ASX: STN) has had a stellar 12 months since we last caught up with the company at last year’s Diggers & Dealers Conference.

Saturn Metals recently announced it had encountered additional strong drill results from a RC drilling campaign currently underway at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian goldfields.

The company’s interpretation of the drilling has shown geology and assays outlining several hanging-wall splays defined over 800 metres of strike length.

The system is open at depth, down plunge and along strike.

Saturn Metals managing director Ian Bamborough sat down with the Resources Roadhouse at the 2019 Diggers & Dealers Mining Forum in Kalgooorlie to expand on the recent drilling and to provide some insight into what’s next.

 

 

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

 

Saturn Metals Makes Strong Gold Intersections at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced drill results from holes 14 to 24 of a planned 48-hole, RC and diamond drilling campaign underway at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Results include:

AHRC0128
26 metres at 1.19 grams per tonne gold from 1m, including 10m at 2.1g/t gold from 8m; and

AHRC135
22m at 1.5g/t gold from 128m, including 12m at 2.33g/t gold from 128m.

Saturn Metals said the results would help it define a continuous higher grade (+2g/t gold) lode on the footwall side of the Apollo Hill Resource envelope.

“These excellent results will be a great addition to our next resource update planned for the second half of 2019,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“It is great to see the continuity of improved grade within the current resource envelope.

“In addition, further strong intersections such as AHRC0127 returning 6 metres at 5.21 grams per tonne gold from 37m in the hanging wall zone, continue to give us cause for excitement.”

Saturn Indicated it was planning to complete another 5,000 metres of drilling at Apollo Hill in the coming months.

Assay results from the ongoing drilling program will be reported as received.

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Saturn Metals Resumes Apollo Hill Resource Drilling

THE DRILL SERGEANT: Saturn Metals (ASX: STN) is back out on the ground having resumed resource extension and infill drilling at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals is undertaking a new program of up to 3,600 metres of reverse circulation (RC) drilling at Apollo Hill as it looks to rapidly grow the project’s Mineral Resource, which currently stands at 20.7 million tonnes grading 1 gram per tonne gold for 685,000 ounces.

This round of drilling follows broad-spaced step-out drilling the company carried out last year that confirmed the continuation of the Apollo Hill system, to the north and south.

The company explained the new program will seek to infill these corridors of mineralisation.

“Significant potential exists to find higher grade zones between the step-out intersections reported in December last year and the northern and southern ends of the current Apollo Hill resource envelope,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“That is what particularly excites us about this new program.”

Saturn indicated it would provide further information from the resource extension drilling and the regional aircore program that is taking place concurrently at Apollo Hill as results are received and analysed.

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Saturn Metals Increases Apollo Hill Resource

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

Sturn Metals’ upgraded Mineral Resource for Apollo Hill totals 20.7 million tonnes at 1 gram per tonne gold for 685,000 ounces.

This represents a 36 per cent increase in contained ounces from the company’s previously published resource.

The new Resource incorporates the results of a 72-hole extensional and in-fill drilling campaign Saturn Metals completed earlier this year.

The company said it already has drilling in progress to further test the extents of the Apollo Hill gold system, adding that the drilling to date on the six-kilometre Apollo Hill trend is only a small part of the exploration potential on Saturn’s underexplored 1,000 square kilometre, 100 per cent-owned contiguous tenement package.

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

“Improvements in grade, ounces, tonnes, quality and JORC Code category, all with minimal drilling and at a low discovery cost per ounce, bode well for the development of our business.

“With some of the strongest intersections located at both the northern and southern extent of the deposit, the system is wide open for rapid expansion.

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

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Saturn Metals Drilling at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced the commencement of a new phase of exploratory RC drilling at the company’s wholly owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals has completed earlier drilling at the project, from which it has determined it to be a major gold and alteration system wide open for expansion

Recent drilling results from the northern end of Apollo Hill, include:

AHRC0036
10 metres at 2.98 grams per tonne gold from 92m within 28m at 1.2g/t gold from 82m.

At the southern end of the deposit drilling encountered:

AHRC0049
58m at 1.06g/t gold from 65m, including 36m at 1.39g/t gold from 87m.

Saturn Metals commenced drilling earlier this week with the intent of completing approximately 20 holes for approximately 2,500 metres in its search for additional opportunities to expand the deposit’s footprint.

The planned drilling will step out along a six-kilometre-long anomalous gold corridor and provide an initial test of the area between the Apollo and Ra zones testing multiple interpreted structures and targets.

“This program of drilling is in keeping with Saturn’s objective of growing the Apollo Hill gold system as rapidly as possible,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“We have been looking forward to testing these more expansionary targets for some time and we are hopeful the results will demonstrate the greater potential at Apollo Hill.

“Our confidence in the system continues to grow.”

Saturn Metals said it anticipates announcing an update to the Apollo Hill resource in the coming weeks utilising drilling results from a drilling program completed in July that highlighted the potential to increase the scale of the known mineralised system from the current 0.5 million-ounce JORC 2012-compliant inferred gold resource of 17.2 million tonnes at 0.9 grams per tonne gold.

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Saturn Metals Completes Apollo Hill Resource Expansion Drilling

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported further results from infill and extensional resource drilling at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals said the latest drilling had further extended several thick and higher-grade zones of mineralisation towards the surface within the main Apollo Hill resource area.

Highlights of the recent Apollo Hill resource drilling include:

AHRC0061
23m at 1.76 grams per tonne gold from 124m, including 17m at 2.32g/t gold from 130m;

AHRC0041
46m at 1.11g/t gold from 19m, including 10m at 1.85g/t gold from 25m, and 7m at 2.5g/t gold from 58m;

AHRC0064
22m at 1.08g/t gold from 74m, including 12m at 1.72g/t gold from 78m;

AHRC0063
10m at 2.39g/t gold from 61m;

AHRC0056
22m at 1.02g/t gold from 62m; and

AHRC0064
32m at 1g/t gold from 127m, including 20m at 1.46g/t gold from 127m;

Saturn Metals explained these results will be the last to be received from the infill and extensional resource drilling program that was commenced just after the company listed on the ASX in March 2018.

They will be incorporated with all other results from the program and utilised in the Resource recalculation Saturn is currently undertaking and expects to complete later this year.

“The reported intersections have improved the mineral inventory in the heart of the Apollo Hill Resource area,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“These results, when coupled with other impressive extensional results reported during August, further demonstrate the capacity to improve the development potential of this major gold system.

“Having reported all outstanding results, we are now in the process of incorporating them into a new resource estimate, which we expect to release in the December quarter.”

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au

 

Saturn Metals Defines Higher Grade Gold Lode at Apollo Hill

THE DRILL SERGEANT: Saturn Metals (ASX: STN) was entertaining plenty of enquiries on Day One of the Diggers & Dealers Forum in Kalgoorlie after reporting results from resource upgrade drilling at the company’s 100 per cent-owned Apollo Hill gold project, near Leonora in the Western Australian goldfields.

Saturn Metals said the drilling has defined a continuous, higher grade gold lode at the northern end of the deposit.

Shallow RC intersections include:

AHRC0038
11 metres at 4.06 grams per tonne gold from 132m within 18m at 2.58g/t gold from 126m;

AHRC0036
10m at 2.98g/t gold from 92m within 28m at 1.2g/t gold from 82m; and

AHRC0037
11m at 1.98/g/t gold from 71m within 27m at 1.19g/t gold from 60m.

Saturn Metals explained the drilling has outlined a thick higher-grade lode structure within a broad resource grade envelope adding that potential exists to further define this robust lode along strike.

“We are delighted with the emerging picture at Apollo Hill,” Saturn Metals managing director Ian Bamborough said in the company’s announcement to the Australian Securities Exchange.

“These excellent results have provided a step-change in our understanding of the deposit’s potential.

“We look forward to assessing and reporting the remaining results from our latest phase of RC drilling and incorporating them into the resource re-calculation that will take place later this year.

“Based on the results received since we began drilling at Apollo Hill in March, it is reasonable to expect that the resource will grow.”

 

Email: info@saturnmetals.com.au

Website: www.saturnmetals.com.au