Join our daily newsletter At The Bell to receive exclusive market insights
- Saturn Metals (STN) has intersected more strong results from the Apollo Hill deposit at its Apollo Hill Gold Project in Western Australia
- The aim of this drilling program is to grow the mineral resource from the current 781,000 ounces
- Up to 8.26g/t gold was intersected, which demonstrates the continuity of mineralisation
- Saturn is waiting on results from a further 55 holes which will be reported on in due course
- Saturn is up 4 per cent on the market with shares closing for 78 cents
Saturn Metals (STN) has intersected further strong results from the Apollo Hill deposit at its 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.
Furthermore, it has a 2018 JORC Compliant indicated and inferred mineral resource of 24.5 million tonnes at 1g/t gold for 781,000 ounces of gold.
The aim of this drilling is to grow the existing mineral resource with an update planned before the end of the year.
Best results include three metres at 8.26g/t gold from 259 metres, four metres at 2.77g/t gold from 51 metres, and 20 metres at 1.08g/t gold from 235 metres including six metres at 2.54g/t gold from 245 metres.
These results continue to demonstrate the mineralised continuity as well as extend and improve the mineralisation.
“Drilling continues to expand the Apollo Hill gold system and the mineralised picture is growing with every new batch of results,” Managing Director Ian Bamborough said.
“Assays remain pending for a further 55 holes in key growth areas of the deposit. We look forward to receiving and reporting on the next batch shortly,” he added.
Saturn is up 4 per cent on the market with shares closing for 78 cents.
