Saturn drilling extends gold zones at Apollo HIll
Link copied to
Drilling has further highlighted the prospectivity of Saturn’s Apollo Hill project with notable intersections extending gold mineralisation in multiple zones.
Thicker and higher-grade intersections such as 8m at 5.62 grams per tonne (g/t) gold and 4m at 6g/t gold in the Ra Zone below the existing resource, and hits such as 9m at 4.71g/t gold from 95m, further define the continuity of higher-grade plunging shoots on the southern Apollo Hill corridor.
Additionally, step-out drilling returned results including 27m at 0.51g/t gold from a depth of 50m and 4m at 0.55g/t gold from 92m that extended mineralisation by a further 1.3km south of the Tefnut zone.
These results continue to emphasise the potential for Saturn Metals (ASX:STN) to grow the project’s current resource of 35.9 million tonnes grading 0.8g/t gold for 944,000oz of contained gold.
“It is great to see the Apollo Hill gold system extending on multiple fronts,” managing director Ian Bamborough said.
“Several healthy intersections are providing strong additions to our inventory as we work towards our next resource upgrade planned for later in 2021.
“The new results are highlighting several important vectors for our next phase of step out exploration.”
Assays are pending for a further 45 holes completed to date in this area.
The company notes that drilling remains open to the north adjacent to and parallel to Apollo Hill where any further discoveries could expand the pit shell that constrains the existing resource.
This article was developed in collaboration with Saturn Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.