- Saturn Metals (STN) has received more positive gold results from drilling at the Apollo Hill deposit which is part of its Apollo Hill Gold Project in WA
- Drilling is being conducted to grow Apollo Hill’s mineral resource which currently sits at 24.5 million tonnes at 1g/t for 781,000 ounces of gold
- Saturn is also aiming to rapidly expand the high-grade hanging wall zones
- Saturn hopes to release an upgraded resource by the end of this year which will have incorporated results from drilling since October last year
- Drilling is ongoing and assays are pending for 50 holes
- Company shares ended the day trading 2.70 per cent higher for 76 cents
Saturn Metals (STN) has announced more positive results from reverse circulation (RC) drilling at the Apollo Hill deposit within its Apollo Hill Gold Project.
Apollo Hill is located 60 kilometres southeast of Leonora in the Western Australian goldfields.
Saturn began the RC drilling program to grow Apollo Hill’s mineral resource and rapidly expand the high-grade hanging wall zones. The project’s mineral resource currently sits at 24.5 million tonnes at 1g/t gold for 781,000 ounces of gold.
The company hopes to release an upgraded resource by the end of this year which will have incorporated results from drilling since October 2019.
Assay results from the Apollo Hill main zone include eight metres at 2.87g/t gold from 219 metres, 11 metres at 1.42g/t gold from 118 metres and five metres at 1.94g/t gold from 16 metres.
Multiple significant intersections have also been returned from extensional hanging-wall positions at the deposit. These include nine metres at 2.06g/t gold from 132 metres, seven metres at 1.93g/t gold from 209 metres and six metres at 1.14g/t gold from 120 metres.
“Results are consistently extending the mineralised system at Apollo Hill. We look forward to receiving the next batch shortly and to incorporating them into the next resource upgrade process planned for later this year,” Managing Director Ian Bamborough said.
Infill and extensional drilling are ongoing at the project and assays are pending for 50 holes.
Company shares ended the day trading 2.70 per cent higher for 76 cents.