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Saturn Metals' step-out drilling program identifies a new gold lode at Apollo Hill in WA

The company’s drilling program at Apollo Hill aims to rapidly expand the newly discovered high-grade hanging wall zones.

Saturn Metals Ltd - Saturn Metals' step-out drilling program identifies a new gold lode at Apollo Hill in WA
Apollo Hill drilling is focused on extending gold mineralisation

Saturn Metals Ltd’s (ASX:STN) step-out drilling at the Apollo Hill Gold Project near Leonora in WA’s Goldfields has identified a new gold lode to the north-east of the project.

The company is currently drilling up to 13,000 metres at Apollo Hill as part of efforts to rapidly expand the newly discovered hanging wall zones as well as to grow the upgraded 781,000-ounce JORC resource.

Reverse circulation results and planned drilling relative to the published resource and Hanging-wall drilling

Managing director Ian Bamborough said: “Results continue to confirm our thesis for step-change growth immediately adjacent to the Apollo Hill main lode.

“We are extremely encouraged by the widening gold system, high-grade intersections and the extension of the hanging wall system down dip.

“We are pressing ahead with our accelerated exploration effort as our confidence in the geological picture and gold system grows.”

Results feature 5 metres at 5.19 g/t gold

The intersections continue to improve the ratio of mineralised material to non-mineralised material in the resource area.

Results from exploration step-outs to the east and down-dip include:

  • 5 metres at 5.19 g/t gold from 44 metres within 16 metres at 1.69 g/t from 44 metres;
  • 11 metres at 1.2 g/t from 180 metres within 25 metres at 0.61 g/t from 166 metres; and
  • 7 metres at 2.13 g/t from 64 metres.

Assays are pending for a further 28 holes.

Apollo Hill resource upgrade

Last month Saturn added 96,000 ounces of gold to its JORC resource estimate at Apollo Hill which has largely been driven by the shallow high-grade mineralisation in the hang-wall zone.

The higher indicated category represents 38% of the total resource, which is 3.5 times higher than the previous level of indicated resource.

The updated resource has produced an overall increase in tonnes, ounces, confidence and quality.

The company will provide further information from the exploration and resource drilling as results are received and analysed.

Quick facts: Saturn Metals Ltd

Price: 0.76 AUD

Market: ASX
Market Cap: $66.84 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