Sun’s shining for Saturn as drilling links Ra, Tefnut gold zones

Saturn’s plan to grow its Apollo Hill gold resource is set to pay off after receiving further thick, shallow and higher-grade results from the recent drill program.

More importantly, the latest results – including a top hit of 10m at 4 grams per tonne (g/t) gold from 89m including 5m at 7g/t gold from 94m – effectively merges the mineralisation between the Ra and Tefnut zones into a single, continuous southern Apollo Hill extensional corridor that extends over 1km of strike.

And there’s more.

Not only are multiple higher-grade intersections now evident over the extensional corridor’s entire strike length, the corridor also remains open to the south and to the north adjacent and parallel to Apollo Hill where any additional discovery has the potential to expand the pit shell constraining the existing resource of 944,000oz of gold.

Given the results, it’s no wonder Saturn Metals (ASX:STN) believes that it has a strong foundation for the next resource upgrade later this year.

“These excellent results provide us with the confidence to model the new corridor over its full strike length, an important step as we work towards our next resource upgrade planned for later in 2021,” managing director Ian Bamborough said.

“The new results highlight the ongoing exploration potential where drilling remains open to the south, and to the north immediately adjacent and parallel to the main Apollo Hill Lode, with further work planned.

“A higher-grade core to the assay results is becoming evident over the extensional corridor’s strike length and this is very promising.”

Assays are pending for a further 40 holes completed to date in this area.

saturn metals apollo hill ra drilling — Resource extension drilling results and holes for which assays remain pending relative to the published resource. Pic: Supplied

Drill results

Besides the top hit of 10m at 4g/t gold from 89m at AHRC0766, the latest batch of results also returned other intersections such as:

12m at 1.82g/t gold from 172m including 5m at 3g/t gold from 172m;
12m at 1.32g/t gold from 75m including 4m at 3.43g/t gold from 79m; and
3m at 12.33g/t gold from 79m.

These complement previous assays reported in the past three months with the company noting that several holes remain pending on the section intersected by AHRC0766.

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.