Join our daily newsletter At The Bell to receive exclusive market insights
- Saturn Metals (STN) shares significant results from reconnaissance drilling across its Apollo Hill Gold Project in the Western Australian Goldfields
- A geological cross section of the Aquarius Prospect has been mapped
- An extensive blanket gold anomaly is noted around the discovery intersection at hole AHRC0464
- Saturn Metals has further drilling planned to test beneath this blanket
- Saturn Metals (STN) last traded at 38.5 cents per share before market open on the January 28
Saturn Metals (STN) shares significant results from reconnaissance drilling across its Apollo Hill Gold Project in the Western Australian Goldfields.
This drilling program is part of Saturn Metal’s strategy to find complementary deposits by the upgraded Apollo Hill Mineral Resource which currently stands at 944,000 ounces.
Drilling in the Apollo Hill deposit region is still widely spaced with drill lines up to 2km apart and hole spacing along lines still 400m apart.
Much capacity remains for extensional and infill drilling in these areas to build on these initial, promising results.
At the Aquarius prospect, in hole AHRC0464, a significant blanket gold anomaly is recorded around the discovery intersection of 13m at 1.32g/t Au from 56m, including 4m at 4.31g/t Au from 56m. More drilling is planned to examine the ground under this covering.
The Aquarius Prospect is located immediately west of Saturn’s land boundary with Sumitomo Metals and Mining Oceania where there is evidence of substantial AC drill programs and possibly RC and diamond drilling.
The company believes it has located an extension to the gold system that it has been actively exploring.
Saturn’s managing director, Ian Bamborough said it was great to see some significant results.
“It is early days, but the new prospects sit on some interesting geology and have the potential to expand and improve with follow up drilling planned in the near future,” he said.
Saturn Metals (STN) last traded at 38.5 cents per share before market open on the January 28
