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Saturn Metals (ASX:STN) has seen its shares jump nearly 10% in morning trades as the company unveiled a raft of fresh assay data from gold drilling at Apollo Hill.
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While highlighted sections were all part of larger overall intersections at lower grades, there were decent-sized higher grade pockets to get some investors bullish.
Headline intersections include:
- 11m @ 6.29g/t gold from 69m depth
- 10m @ 6.11g/t gold from 73m depth
- 10m @ 3.69g/t gold from 37m depth
- 08m @ 4.9g/t gold from 156m depth
- 08m @ 4.8g/t gold from 54m depth
The latest results were pulled from a strike target some 350m in length with mineralisation believed to be open. Follow-up drilling is already underway as the company’s geotechs try to figure out whether they’ve just found a whole new prospect area to go after.
So far, they’re calling the targeted area of interest the ‘Iris Zone.’ From the company’s Tuesday disclosure, it sounds like it will remain in the eyeline.
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“Additional drilling is in progress, and we look forward to reporting additional rounds of assays as we target both the Iris Zone down plunge and the greater geological structure in the coming months,” company chief Ian Bamborough said.
“This is one of the most impressive sequences of assay results ever reported at Apollo Hill”.
STN last traded at 39.5cps.
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Disclaimer: HotCopper had a commercial relationship with Saturn at the time this article was crafted and published.
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