- Saturn Metals (STN) records thick and high-grade gold intersections from surface at its Apollo Hill project in Western Australia
- Drilling at the company’s cornerstone deposit in the Eastern Goldfields district returned 55 metres at 2.1 grams per tonne (g/t) gold, including 10 metres at 10.4 g/t
- While assays for a further 59 drill holes are pending, STN says the first 31 drill holes confirm the target area is a suitable location for a low-strip bulk sample pit
- Additionally, STN says the results highlight the potential for a “positive reconciliation” between the deposit’s mineral resource model and any new grade control model
- STN shares are up 3.33 per cent and trading at 15.5 cents at 10:18 am AEDT
Saturn Metals (STN) has recorded thick and high-grade gold intersections from surface at its Apollo Hill project in Western Australia.
Drilling at the company’s cornerstone deposit in the Eastern Goldfields district of WA returned 55 metres at 2.1 grams per tonne (g/t) gold from surface, including 10 metres at 10.4 g/t from six metres deep.
Another hole struck 36 metres at 2.3 g/t gold, including a nine-metre zone grading 8.1 g/t gold.
Saturn Managing Director Ian Bamborough said results like these indicated the potential for a “significant amount of gold in a relatively small portion of the deposit”.
“The implications for both the planned pilot heap leaching operation and the bigger project are quite positive,” Mr Bamborough said.
“We look forward to updating our plans for the bulk sample pit with this new drilling information and to receiving and reporting on the next batch of assays from the drilling completed to date.”
The results received so far come from 31 drill holes completed within a planned bulk sample pit area and have provided the company with further definition around some of the deposit’s “higher grade architecture”.
Results for a further 59 holes are pending.
Saturn Metals said the target area was now confirmed as a suitable location for a low-strip bulk sample pit.
Additionally, the company said the results highlighted the potential for a “positive reconciliation” between the deposit’s current mineral resource model and any new grade control model in this area.
STN shares were up 3.33 per cent and trading at 15.5 cents at 10:18 am AEDT.