Total
0
Shares
Saturn Metals (ASX:STN) - Managing Director, Ian Bamborough - The Market Herald
Managing Director, Ian Bamborough
Source: Resources Roadhouse
  • Saturn Metals (STN) has extended mineralisation at the Apollo Hill hanging-wall lode by 400 metres to the south
  • This discovery was made during an ongoing reverse circulation drilling program at the Apollo Hill hanging-walls within the Apollo Hill Gold Project
  • The project is located 60 kilometres from Leonora in Western Australia
  • Latest results intersected gold grading up to 24.10g/t
  • This drilling is part of Saturn's plan to upgrade the high-grade hanging wall zone and expanding Apollo Hill's current mineral resource
  • Company shares are down a slight 0.66 per cent and trading for 75.5 cents each

Saturn Metals (STN) has released strong results from ongoing reverse circulation (RC) drilling at the Apollo Hill hanging-walls within its Apollo Hill Gold Project.

The Apollo Hill Gold Project is located 60 kilometres from Leonora in the Goldfields region of Western Australia.

The drilling program is ongoing and part of Saturn's strategy to expand and upgrade the newly-discovered high-grade hanging wall zone. Saturn also hopes to expand Apollo Hill's current mineral resource of 24.5 million tonnes at 1.0g/t gold for 781,000 ounces of gold.

Significant new intersections include six metres at 6.23g/t gold from 246 metres, 13 metres at 1.39g/t gold from 157 metres, four metres at 3.23g/t gold from 141 metres, and one metre at 24.10g/t gold from 70 metres.

The latest results have extended hanging-wall mineralisation 400 metres to the south of the recent hanging-wall intersections. On June 2, the company reported significant intersections including eight metres at 5.12g/t gold and eight metres at 3.38g/t gold.

These results continue to demonstrate the potential of the gold system at Apollo Hill.

"It is great to see the wide hanging-wall system extending to the south," Managing Director Ian Bamborough said.

Additional drilling is planned to test the limits of the mineralised corridor in the south-central part of the deposit.

Saturn Metals is mobilising a second drill rig to accelerate the drilling program. Meanwhile, assays are pending for four holes.

Company shares are down a slight 0.66 per cent and trading for 75.5 cents each just before market close.


Subscribe


STN by the numbers
More From The Market Herald
King River Resources (ASX:KRR) - Chairman, Anthony Barton - The Market Herald

" King River Resources (ASX:KRR) to start drilling at Tennant Creek

King River Resources (KRR) will commence its reverse circulation (RC) drilling program at Tennant Creek in Northern Territory on Monday.
Alicanto (ASX:AQI) outlines targets near Wolf Mountain

" Alicanto Minerals (ASX:AQI) set to raise $1.425M, reshuffles board

Alicanto Minerals (AQI) has received firm commitments to raise $1.425 million for exploration activities in Sweden and Guyana, as well as for genera…
Equus Mining (ASX:EQE) to restart drilling at Cerro Bayo, Chile

" Equus Mining (ASX:EQE) to restart drilling at Cerro Bayo, Chile

Equus Mining (EQE) will restart drilling later this month at its Cerro Bayo Project in southern Chile.
Troy Resources (ASX:TRY) finds further “spectacular” results at Karouni

" Troy Resources (ASX:TRY) finds further “spectacular” results at Karouni

Troy Resources (TRY) has found “spectacular” results at Smarts prospect within its Karouni Gold Project in Guyana, South America.