Saturn Metals keeps the gold hits coming at Apollo Hill
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Special Report: Drilling continues to highlight the potential to improve the scale and quality of Saturn Metals’ Apollo Hill project in WA’s Eastern Goldfields region.
Drilling at the hanging-wall position hit significant shallow intersections including 6m grading 5.17 grams per tonne (g/t) gold from a depth of 47m, and 3m at 3.68g/t gold from 89m.
Saturn Metals (ASX:STN) says these results show the potential to extend the shallow and higher-grade hanging-wall lodes encountered in the north of the Apollo Hill deposit along strike to the south.
The company also intersected thick zones of mineralisation on the main lode with notable results such as 7m at 5.55g/t gold from 286m including 3m at 12.1g/t gold from 287m and 24m at 1.02g/t gold from 280m including 12m at 1.62g/t gold from 290m.
The top intersection is 60m along strike from a recent hit of 5m at 32.6g/t gold, both of which are located in an underexplored area of the footwall under the current resource of 24.5 million tonnes grading 1g/t gold for 781,000 ounces of contained gold.
“The latest results continue to show the strong potential to improve both the scale and quality of the Apollo Hill gold system,” managing director Ian Bamborough said.
“We have mobilised a third RC drill rig to site to allow us to attack several areas across the deposit simultaneously. Assays remain pending for several important holes and we look forward to reporting on the results in due course.”
The latest results, which are all outside the existing resource, follow up on very high-grade hits in late July that include 3m at 54.2g/t gold from 301m that includes the highest individual assay of 1m at 128.5g/t gold.
Visible gold was also noted in association with the higher-grade 3m intersection at the underexplored portion of the Apollo Hill footwall at the southern end of the deposit.
Infill and extensional drilling is continuing around the hanging wall zones along with further drilling around the high-grade zone at the main lode.
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.