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Saturn Metals Ltd

Saturn Metals receives high-grade gold results up to 6.59 g/t at Apollo Hill

Drilling has temporarily paused to allow collation of data for the company’s current resource upgrade process.

Saturn Metals Ltd - Saturn Metals Ltd obtains strong gold drill results up to 6.59 g/t at Apollo Hill
All assays have now been reported from the company’s 82-hole 9,671 metre RC drilling program

Saturn Metals Ltd (ASX:STN) has received high-grade gold results of up to 6.59 g/t from recent reverse circulation (RC) drilling at the Apollo Hill Gold Project near Leonora in Western Australia’s Goldfields.

High-grade intersections continue to indicate the potential for delineation of a large parallel gold system immediately adjacent to the Apollo Hill resource.

Assays demonstrate continuity of mineralisation on several higher-grade lodes and are accretive to other recently reported intersections from July 30, such as 12 metres at 4.01 g/t from 13 metres.

New results enhance “confidence and clarity”

Saturn’s managing director Ian Bamborough said: “The new results have provided additional confidence and clarity in the scale of opportunity in the hanging-wall lodes at Apollo Hill.

“We look forward to following up on the clear exploration potential with further drilling planned in September.

“Work has commenced on our next resource upgrade, which will take in all of the higher-grade results in the latest round of drilling and we anticipate delivering the upgrade in the coming two months.”

Thick high-grade intersections

Near-surface, thick and high-grade hanging-wall intersections include:

  • 17 metres at 2.96 g/t gold from 41 metres, including 10 metres at 4.82 g/t from 45 metres;
  • 7 metres at 6.59 g/t from 34 metres, contained within 35 metres at 1.67 from 34 metres;
  • 8 metres at 4.26 g/t from 16 metres; and
  • 6 metres at 3 g/t from 9 metres, including 3 metres at 5.55 g/t from 11 metres, within 19 metres at 1.26 g/t.

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

A program of 5,000 metres of extensional RC drilling is planned for September to maintain momentum on this rapidly developing zone.

Quick facts: Saturn Metals Ltd

Price: $0.39

Market: ASX
Market Cap: $16.8 m
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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

2 min read