- Saturn Metals (STN) intersects thick, high-grade gold at the Apollo Hill deposit in Western Australia
- Saturn is undertaking an ongoing drilling program to upgrade Apollo Hill’s mineral resource before the end of this year
- The new results include grades of up to 6g/t gold and further define the continuity of higher-grade plunging shoots on the southern Apollo Hill corridor
- Assays are pending for another 45 holes that have been fully drilled
- Company shares ended the day 3.33 per cent in the green to close at 46.5 cents
Saturn Metals (STN) has received more results from ongoing drilling at the Apollo Hill deposit which is part of the broader Apollo Hill Project in Western Australia.
The reverse circulation drilling program is aimed at growing the Apollo Hill Mineral Resource. Despite it being upgraded to 944,000 ounces at the start of this year, Saturn is targeting another resource upgrade for later this year.
The miner will utilise results from 32,000 metres of drilling already completed between as well as those from the next 10,000 metres of drilling.
New results have showed thick, shallow and high-grade intersections including 18 metres at 2.72 grams of gold per tonne (g/t) from 89 metres including nine metres at 4.71g/t gold from 95 metres.
These assays have further defined the continuity of higher-grade plunging shoots on the southern Apollo Hill corridor.
Additional results include 13 metres at 3.6g/t gold from 141 metres including eight metres at 5.62g/t gold from 141 metres, and four metres at 6g/t gold from 88 metres.
Mineralisation remains open to the north adjacent and parallel to the Apollo Hill deposit where any further discovery has the potential to expand the pit shell. The company is planning further extensional drilling across the deposits.
Saturn Managing Director, Ian Bamborough, was pleased with the results.
“Several healthy intersections are providing strong additions to our inventory as we work towards our next resource upgrade planned for later in 2021. The new results are highlighting several important vectors for our next phase of step out exploration.”
Assays are pending for another 45 holes completed so far.
Company shares ended the day 3.33 per cent in the green to close at 46.5 cents.