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Saturn Metals (ASX:STN) - Managing Director, Ian Bamborough - The Market Herald
Managing Director, Ian Bamborough
Source: Resources Roadhouse
  • An ongoing drilling campaign at Saturn Metals' (STN) Apollo Hill Gold Project in Western Australia has further expanded the gold system
  • The reverse circulation drilling at the project near Leonora is aiming to expand and upgrade the hanging-wall zone and improve the Apollo Hill Mineral Resource
  • Initial results have widened the mineralised corridor to 600 metres and extended mineralisation at the higher-grade hanging wall zone
  • Additionally, drilling has revealed further shallow mineralisation as indicated by an intercept of eight metres at 3.38 grams per tonne of gold from six metres depth
  • Saturn Metals is still awaiting several assay results and is soon to commence 5000 metres of step-out drilling along strike
  • Company shares are currently trading 5.75 per cent higher for 46 cents each

An ongoing drilling campaign at Saturn Metals' (STN) Apollo Hill Gold Project in Western Australia has expanded the gold system.

The reverse circulation drilling at the company's project near Leonora is aiming to expand and upgrade the hanging-wall zone and improve the Apollo Hill Mineral Resource.

The latest Mineral Resource Estimate stands at 24.5 million tonnes grading one gram per tonne of gold for a total of 781,000 ounces of contained gold.

Initial results from the ongoing drilling have widened the mineralised corridor to 600 metres and extended mineralisation at the recently-discovered higher-grade hanging wall zone.

Additionally, drilling has revealed further shallow mineralisation as indicated by an intercept of eight metres at 3.38 grams per tonne of gold from six metres depth.

Other significant intercepts include eight metres at 5.12 grams per tonne of gold from 215 metres. Another intercept of four metres at 15.57 grams per tonne of gold from 100 metres included a two-metre interval at 31 grams per tonne of gold from 100 metres.

Saturn Managing Director Ian Bamborough said these initial results have encouraged the company to plan step-out drilling along strike where mineralisation is open.

“The results of drilling have further enhanced our understanding of the geology at Apollo Hill and given us the confidence to step out along strike where we see a much larger opportunity," Ian said.

"Apollo Hill continues to show the potential for significant resource improvement. Assays are pending for several important holes and the drill program continues towards our next resource update planned for later in 2020,” he added.

Saturn is planning 20 reverse circulation step-out drill holes which will cover 5000 metres.

Company shares are trading 5.75per cent higher for 46 cents each at 12:22 pm AEST.


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