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Saturn Metals new drill results bode well for gold resource growth

The gold intersections are being drilled outside of the 685,000-ounce JORC resource area.

RC drill rig on site at Apollo Hill
Drilling continues and assays for completed holes remain pending

Saturn Metals Ltd (ASX:STN) has received assay results 17 holes in total drilled at its Apollo Gold Project near Leonora in Western Australia.

Notably, drilling and assays have outlined several hanging-wall splays some 200 metres south of previous higher-grade intersections.

The planned 100-hole drilling program continues with assays pending for 37 holes and 4,250 metres of drilling.

READ: Saturn Metals expects to lift Apollo Hill resource after further strong gold results

Saturn’s managing director Ian Bamborough said: “These results represent a strong start to our current drilling program.

“Drilling of these shallow hanging-wall zones is being undertaken at sufficient density to allow intersections to be included in our upcoming resource modelling exercise.

“Drilling continues and is currently focusing around higher grade intersections reported in our last program including 10 metres at 5.78 g/t gold from 46 metres in hole AHRC0127b.

“Assays remain pending for multiple holes and we look forward to reporting on our progress”.

Growing the Apollo Hill deposit

Importantly, drilling continues to intersect gold outside the JORC reource of 20.7 million tonnes grading 1.0 g/t gold for 685,000 ounces of gold.

These results continue to highlight the potential to increase the scale and quality of the resource.


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on 2/5/19

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