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Saturn Metals drill results extend hanging-wall lodes at Apollo Hill Gold Deposit

High-grade hanging-wall intersections now defined over 800 metres of strike length.

Drilling continues with two drill rigs currently in operation

Saturn Metals Ltd (ASX:STN) has received additional strong gold results from the drilling currently underway at its 100%-owned Apollo Hill Gold Project near Leonora in the Western Australian goldfields.

Near-surface, thick and high-grade hanging-wall intersections from holes 18 to 55 of the planned 100-hole, 10,000-metre RC (reverse circulation) drilling program include:

• 16 metres at 3.1 g/t gold from 11 metres;
• 4 metres at 6.72 g/t gold from 76 metres contained within 23 metres at 1.38 g/t from 76 metres;
• 12 metres at 2.28 g/t gold from 68 metres; and
• 4 metres at 3.82 g/t gold from 86 metres including 3 metres at 5 g/t gold from 87 metres.

RC drill results relative to the published resource outline

The new results demonstrate the potential for a large parallel gold system immediately adjacent to the Apollo Hill main lode.

Significant mineralisation is now evident over a 500-metre wide corridor with multiple stacked gold zones apparent.

Importantly, new intersections sit predominantly outside the current resource of 20.7 million tonnes grading 1 g/t gold for 685,000 ounces of gold and highlight the potential to increase the scale and quality of the resource.

READ: Saturn Metals new drill results bode well for gold resource growth

The mineralisation remains open with infill and extensional drilling in progress along strike, and up and down dip of new and other recent high-grade intersections.

The drilling is being undertaken at sufficient density to allow the inclusion of recent intersections in the upcoming resource modelling exercise.

Saturn managing director Ian Bamborough said: “The emerging picture at Apollo Hill is extremely exciting.

“Drilling is successfully outlining significant new mineralisation in a strategically important position for the development of the project.

“Importantly, we look forward to including these latest results in our upcoming resource modelling exercise.

“Drilling continues and is currently focusing around these new high-grade intersections. Assays remain pending for multiple holes with results due in the coming weeks.”

Quick facts: Saturn Metals Ltd

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Market: ASX
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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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