- Saturn Metals (STN) has intersected up to 63.05g/t gold from the Apollo Hill deposit at the Apollo Hill Gold Project in WA
- All up, 42 holes were drilled with aims to grow the 944,000-ounce mineral resource
- An updated resource is planned for later in the year after these and future results are considered
- Assays are pending for a further 102 holes, which were drilled to test the potential over several targets
- Saturn is down 1.11 per cent on the market and shares are trading at 44.5 cents
Saturn Metals (STN) has intersected up to 63.05g/t gold from the Apollo Hill deposit at the Apollo Hill Gold Project.
The Apollo Hill Gold Project lies 650 kilometres northeast of Perth and 60 kilometres southeast of Leonora in Western Australia.
It consists of 28 highly prospective gold exploration and prospecting licences, two mining leases, and six water exploration leases.
All up, 42 holes were drilled with aims to grow the mineral resource which stands at 35.9 million tonnes at 0.8g/t gold for 944,000 ounces.
Of the results received, a best of two metres at 63.05g/t gold from 8 metres was returned.
Other results include 12 metres at 5.75g/t gold from two metres including eight metres at 8.83g/t gold, and eight metres at 4.28g/t gold from 72 metres including four metres at 8.34g/t gold from 72 metres.
An updated resource is planned for later in the year after these, and future results, are considered.
“Drilling since early January has focused on testing for higher grade opportunities across the deposit as well as on several crucial step-out exploration initiatives,” Managing Director Ian Bamborough said.
“An increase in the understanding of the geological controls across the deposit after the 2020 drilling program is allowing us to successfully target higher grade mineralisation both within and around the newly expanded resource,” he added.
Assays are pending for a further 102 holes which were drilled to test the potential over several targets.
Saturn is down 1.11 per cent on the market and shares are trading at 44.5 cents at 3:17 pm AEDT.