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- Saturn Metals (STN) is eyeing a resource upgrade at its Apollo Hill deposit in WA’s Goldfields after intersecting more shallow gold
- Saturn drilled 26 holes in its most recent campaign, with 22 of those returning mineralisation above the average resource grade of one gram per tonne
- Most notably, the majority of the new intersections sit outside the current mineral resource envelope, and within 140 metres of the surface
- Assays are still pending for a further 41 holes, adding even more potential for an upgrade
- The company is targeting a resource upgrade before the end of the year
- Saturn Metals is down 0.69 per cent to 72.5 cents just before Wednesday’s closing bell
Saturn Metals (STN) is eyeing a resource upgrade at its Apollo Hill deposit in WA’s Goldfields after intersecting more shallow gold.
Improved grade
Saturn drilled 26 holes in its most recent campaign, with 22 of those returning mineralisation above the average resource grade of one gram per tonne.
The results add to five other reports between August and November which, when combined, have potential to upgrade the existing 781,000-ounce gold resource.
Most notably, the majority of the new intersections sit outside the current mineral resource envelope, and within 140 metres of the surface.
Assays are still pending for a further 41 holes, adding even more potential for an upgrade.
The results come from an ongoing 50,000-metre drilling program.
Next steps
The company is targeting a resource upgrade before the end of the year.
Saturn Managing Director Ian Bamborough says the drilling program just keeps adding to the project’s potential.
“The cumulative effect of ongoing drilling is the significant enhancement of our understanding of the opportunity at Apollo Hill,” Ian said.
“Assays remain pending for a further 41 holes and drilling is continuing. We look forward to receiving and reporting on the next batch shortly,” he added.
Infill and extensional drilling continues across Apollo Hill.
Saturn Metals is down 0.69 per cent to 72.5 cents just before Wednesday’s closing bell.
