THE DRILL SERGEANT: Saturn Metals Limited (ASX: STN) reported results from metallurgical test work on samples of mineralised material collected from RC drilling at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project in Western Australia.

Saturn Metals provided a comprehensive list of results from the recent work that included:

Exceptional Overall Recovery from Free Milling Gold
Excellent overall gold recovery of 96.8 per cent was obtained at typical commercial grind sizes (75 micron) in intermittent bottle roll tests (IBRT) and bulk leach extractable gold (BLEG) tests of RC samples for Apollo Hill’s major material typesb and across the deposits full grade range.

Major Gravity Gold Component
The average gravity component of the overall recovery was a very high 65.9 per cent demonstrating the potential for efficient physical processing and lower reagent usage.

First Rate Recovery for Lower Grade Samples
Gold recovery is consistently high across the full grade range (recovery of 97 per cent noted for key rock types grading only 0.24g/t). This indicates the capacity for recovery from material which would normally be considered more marginal and importantly raises the potential for the use of lower cut off grades in resource calculations.

Easy Liberation
At a coarse commercial grind size of 250 micron, average gold recovery was still impressive at 91.3 per cent and the gravity component was very strong at 56 per cent.

Lower Capital and Process Route Optionality
Even at a 2mm crush, average gold recovery was an excellent 80.3 per cent, with strong gravity recovery 47.8 per cent showing the potential for other lower capital and simple processing methods such as early recovery of gold through screening with gravity recovery, vat leach and/or heap leach techniques.

Saturn recently completed a four-hole metallurgical diamond drill program to provide additional material for the next phase of test work already underway.

This work is focussing on mill-based grind size and recovery optimisation, and heap/vat leach metallurgical processing alternatives.

Saturn indicated the results already achieved, combined with results of the ongoing metallurgical drill core test work, will provide important cost information for open pit optimisation studies, used as part of a planned early 2022 resource upgrade, alongside the results of Saturn’s 2021 drilling campaigns.

“These excellent results, from a comprehensive, representative, and importantly well-behaved sample set, complement, and back up earlier metallurgical test results and provides a significant weight of evidence for simple cost-effective mineral processing scenarios at Apollo Hill,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“The metallurgy of Apollo Hill is a great differentiator.

“It gives the deposit strong mineral processing and capital optionality and arguably an economic head start.

“We plan to utilise these results, and the results of our ongoing diamond drill core metallurgical test program, to examine the potential for economies of scale in our next planned resource upgrade in early 2022.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

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:

AHRC0766
10 metres at 4 grams per tonne gold from 89m, including 5m at 7g/t gold from 94m;

AHRC0710
12m at 1.82g/t gold from 172m including 5m at 3g/t gold from 172m;

AHRC0725
12m at 1.32 g/t gold from 75m including 4m at 3.43g/t gold from 79m;

AHRC0717
12m at 1.02g/t gold from 30m including 6m at 1.83g/t gold from 30m;

AHRC0723
4m at 4.51g/t gold from 108m;

AHRC0726
3m at 12.33g/t gold from 79m; and

AHRC0722
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

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported further meaningful results from an ongoing RC drilling program underway at the Apollo Hill deposit within the company’s 100 per cent-owned Apollo Hill gold project in the Western Australian goldfields.

Saturn Metals is conducting the drilling as a key part of the company’s ongoing strategy to grow the Apollo Hill Mineral Resource, which was upgraded to 944,000 ounces on in January 2021.

The company has another resource upgrade planned for later in 2021 after considering results from the next 30,000m of planned drilling across the Apollo Gold camp.

The latest results demonstrate thick, shallow, and high-grade intersections, including:

AHRC0647
8 metres at 9.47 grams per tonne gold from 102m, including 3m at 24.92g/t gold from 102m;

AHRC0621
19m at 1.18g/t gold from 26m including 10m at 2.01g/t gold from 26m;

AHRC0651
15m at 1.15g/t gold from 54m including 4m at 2.96g/t gold from 58m;

AHRC0658
23m at 1.1g/t gold from 130m;

AHRC0639
10m at 1.12g/t gold from 96m; and

AHRC0675
7m at 1.4g/t gold from 20m.

The new results show consistency in the already identified +1.4km long and 200m wide southern strike extension to the Apollo Hill mineralised corridor.

“It is great to see the consistency of results being returned along this scalable opportunity,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Infill drilling is continuing in this new zone with the aim of adding to our existing resource base and to ultimately creating a mineralised camp of a size that will support a major sustainable mining operation.

“We look forward to receiving and reporting on the next batch of assays from the 30 additional holes completed to date in this area.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

THE DRILL SERGEANT: Saturn Metals (ASX: STN) reported further results from ongoing 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 latest drilling efforts have encountered several near surface gold intersections in a broad corridor between the Ra and Tefnut deposits, situated immediately south of Apollo Hill.

The company has now reported mineralised intersections over a 1km long strike extension.

Latest results include:

AHRC0646
21m at 1.82 grams per tonne gold from 57m;

AHRC0655
12m at 1.32g/t gold from 124m, including 4m at 2.99g/t gold from 129m;

AHRC0635
16m at 0.87g/t gold from 39m;

AHRC0648
6m at 1.51g/t gold from 78m and 6m at 1.83g/t gold from 128m;

AHRC0644
6m at 1.7g/t gold from 71m; and

AHRC0629
4m at 1.44g/t gold from 188m.

“These new results show the scalability of the greater Apollo Hill gold deposit,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“Infill drilling has already been undertaken in this new zone with the aim of growing our resource base to a size that will support a major mining operation.

“We look forward to receiving and reporting on the next batch of assays from the 20 additional holes completed to date in this area.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au

THE DRILL SERAGENT: Saturn Metals (ASX: STN) did what it said it would do and 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 has come in at 36 million tonnes at 0.8 grams per tonne gold for 944,000 ounces, a substantial increase in contained ounces from the previously published resource.

It incorporates the results of a 265-hole extensional and in-fill drilling campaign Saturn completed since the last Mineral Resource upgrade, which was published in late October 2019.

Saturn has now added 439,000 ounces to the Apollo Hill Mineral Resource in just under three years from listing.

“This resource upgrade is the third significant step for the company and the Apollo Hill asset in as many years,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

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

“For the first time we have been able to publish the Mineral Resource within a ‘Whittle’ pit shell using preliminary cost assumptions.

“This has allowed the company to consider potential economies of scale, lower cost processing scenarios and the use of a lower cut-off grade to help obtain an improved stripping ratio.

“With the system open along strike and up and down plunge and metallurgical assumptions at an early stage of understanding, the gold deposit is positioned for continued growth.

“Drilling has already resumed with two rigs on site testing for additional mineralisation.

“In addition, the next stage of metallurgical sampling has commenced towards searching for processing cost improvements.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@saturnmetals.com.au

Web: www.saturnmetals.com.au