Gold explorer Saturn Metals’ Apollo Hill project located 60km southeast of Leonora in WA has provided further significant high-grade results after recent drilling.

Assay results for the latest drilling have reinforced Saturn Metals’ (ASX:STN) key strategy of growing its Apollo Hill mineral resource which was upgraded to 944,000 ounces in January.

They have revealed the presence of thick, shallow and high-grade intersections for gold.

Impressive hits from drilling in the southern extension of the Apollo Hill project include 8m at 9.47 grams per tonne (g/t) gold from 102m, with 3m at 24.9 g/t gold from 102m.

“It is great to see the consistency of results being returned along this scalable opportunity,” managing director, Ian Bamborough, said.

Five other drill holes at the Apollo Hill project revealed wide intersections graded at more than 1 g/t gold and up to 1.4 g/t gold.

These results complement assay results reported in late March such as 12m at 1.32 g/t gold from 124m that have repeatedly shown shallow extensions on the Apollo Hill deposit.

High-grade mineralised corridor

The new drilling results show consistency in a +1.4km long and 200m wide southern strike extension to the Apollo Hill mineralised corridor known as the Ra-Tefnut zone.

They also highlight the excellent potential to grow Apollo Hill’s mineral resource of 35.9 million tonnes at 0.8 g/t gold for 944,000 ounces of gold.

“Infill drilling is continuing in this new zone with the aim of adding to our existing resource base and to ultimately create a mineralised camp of a size that will support a major sustainable mining operation,” Bamborough said.

Further assay results are pending for another 30 reverse circulation drill holes for 4,000m.

Another resource upgrade for the Apollo Hill project is planned for later this year.

“We look forward to receiving and reporting on the next batch of assays from the 30 additional holes completed to date in this area,” Bamborough added.

Apollo Hill’s high-grade mineralised corridor extends to Ra-Tefnut zone. Image: company supplied



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.