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Saturn Metals Ltd

Saturn Metals begins aircore drilling at Apollo Hill Gold Project in the Goldfields

The program is designed to test regional exploration targets with first pass aircore drilling over a period of three weeks.

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Aircore drilling is underway at the Atlanta South prospect

Saturn Metals Ltd (ASX:STN) has begun a maiden aircore drilling program at the Apollo Hill Gold Project near Leonora, Western Australia.

Drilling will focus on high priority geochemical, geophysical, geological and historical drilling prospects defined during extensive targeting work in 2018.

The program comprises an initial 5,000 metres of aircore drilling on priority one drill lines with an additional 5,000 metres planned as follow-up.

Targeting “new and exciting systems”

Saturn Metals managing director Ian Bamborough said: “We have been looking forward to testing these greenfields targets for some time.

“This program of drilling is designed to find new and exciting gold systems across our extensive land package as well as to complement our ongoing work at the Apollo Hill resource area.

“Our confidence and geological understanding in this part of the greenstone belt continues to grow and subject to positive assays, we look forward to demonstrating the greater potential of the Apollo Hill project.”

Results being followed up on include:

  • Robust soil sample results associated with gold prospective syenite trends including assays of 937ppb and 439ppb;

  • Strong historical drill results including 7 metres at 1.16 g/t gold from 63 metres; and

  • A 250-metre long +20ppb gold soil anomaly at Athena prospect.

READ: Saturn Metals aims for further gold resource expansion at Apollo Hill after 2018 resource upgrade

During the December 2018 quarter the company upgraded the mineral resource by 36% and the deposit grade by 14%.

The resource now comprises 20.7 million tonnes at 1 g/t gold containing 685,000 ounces.

A total of 3.3 million tonnes at 1.1 g/t was upgraded to the indicated category, representing a conversion of 22% of the previous inferred mineral resource.

READ: Saturn Metals eyes expansion of Apollo Hill gold resource and discovery of new deposits

Saturn’s dual strategy to develop the project includes simultaneously working to grow the mineral resource and discover new deposits.

Step out reverse circulation (RC) drilling during the quarter also further highlighted the potential to grow Apollo Hill’s mineral resource.

Bamborough added: “Improvements in grade, ounces, tonnes, quality and JORC code category, all with minimal drilling and at a low discovery cost per ounce, bode well for the development of our business.”

- Jessica Cummins 

 

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Saturn Metals intersects further high-grade gold at new lode adjacent to...

Saturn Metals Ltd (ASX:STN) managing director Ian Bamborough updates Proactive Investors on further high-grade gold intersected in an area 150 metres east of its Apollo Hill Gold Project.   Bamborough said the latest intersection is one of the best ever reported at Apollo Hill,...

on 2/5/19

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