Proactive Investors - Run By Investors For Investors

Saturn Metals intercepts visible gold in first diamond hole at Apollo Hill

Core scanning supports the presence of gold with additional interpreted grains.
Miners inspecting drill core sample
The Saturn team inspects drill core from Apollo Hill

Saturn Metals Ltd (ASX:STN) has seen multiple visible gold intercepts in the first diamond tail completed at its Apollo Hill project in heart of Western Australia’s Goldfields region.

The visible intercepts were noted on the outer surfaces of the drill core at 174.7 metres, 184 metres, 197.1 metres and 197.8 metres.

The whole drill core has been submitted for analysis and the company expects to announce the full assay results, which will include a further 8 drill holes, in the coming weeks.

3D scanning shows presence of gold grains

Shares were up more than 12% intra-day to 18 cents.

The visible gold has been supported by a 3D X-ray scan of a 20-metre section of core from the diamond tail, which showed the presence of additional interpreted gold grains.

Gold indications were found over the entire 20-metre section, with grains scanned at 181.7 metres, 184.21 metres, 184.45 metres, 197.2 metres and 201.25 metres.

Saturn managing director Ian Bamborough said the company was pleased with unusually high number of gold indications seen in the core so far.

Scanning was done with Swick Mining Services’ (ASX:SWK) Orexplore GeoCore X10 core scanning technology.

Saturn is the first company to enter into a commercial agreement with Swick over the Orexplore technology, which uses a non-destructive attenuation and X-ray fluorescence combined measurement technique to enhance the identification and understanding of key features within the entire core.

Saturn managing director Ian Bamborough said the company was pleased with unusually high number of gold indications seen in the core so far.

“The GeoCore X10 scan has provided us with additional confidence in our interpretations, some timely geological targeting information for the start of our upcoming RC program and a great data set for the deposits apparently simple metallurgical development,” he added.

View full STN profile View Profile

Saturn Metals Ltd Timeline

Related Articles

mine
August 01 2018
Tungsten prices are on the rise and construction is proceeding apace at Barruecopardo
pontax property
October 26 2018
The company said the discovery represents a solid target for further focused exploration
dollar and gold
September 20 2018
Wishbone Gold's unique business model is now beginning to bear fruit

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use