That high-grade gold discovery at Saturn Metals’ Apollo Hill project; higher grade hits now returned over a 400m long corridor
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Special Report: A cluster of high-grade gold hits could be transformative to Saturn Metals’ 685,000oz Apollo Hill project.
Saturn Metals’ (ASX:STN) flagship asset is the +685,000oz Apollo Hill; a big, thick, deposit with gold accessible from the surface and multi-million-ounce potential in the bigger gold system.
Saturn managing director Ian Bamborough is an experienced geologist who immediately saw Apollo Hill as more than just a gold deposit.
“I’ve personally seen some huge gold systems around the world — this is a big one,” Bamborough told Stockhead.
“And when you’re in a gold system like this, the deposit or deposits just keep getting bigger.”
Bamborough says that he recognised the big, 1g/t high tonnage Apollo deposit as an alteration ‘halo’ which masked the higher-grade potential around it.
Then in May, Saturn made a step-change discovery; a new high-grade hanging wall lode at Apollo Hill, outside the current resource (in pink above).
Hits like 4m at 9.8g/t from 74m, inside a larger 13m section grading 5.05g/t, could significantly increase the scale and quality of the current mineral resource.
Anything above 5g/t is generally considered high grade.
This discovery was unexplored, shallow, and high grade; so Saturn immediately went in with an aggressive 100 hole, 10,000m drilling campaign.
Now the first results are in – and they look very, very good.
Fresh drilling has outlined multiplehanging wall gold lodes, some 200m south of the previous high-grade intersections.
Results like 5m @ 5.39g/t Au from 96m suggest the potential for hanging-wall mineralisation over a strike length of at least 400m.
Drilling continues to the north and south, with assays pending for multiple holes, Saturn says.
Importantly, all these intersections sit outside the current 685,000oz resource, which mean they could substantially increase the scale and quality of Apollo Hill.
It’s a strong start to the current drilling program, Saturn managing director Ian Bamborough says.
“Drilling of these shallow hanging-wall zones is being undertaken at sufficient density to allow intersections to be included in our upcoming resource modelling exercise,” he says.
“Drilling continues and is currently focusing around higher grade intersections reported in our last program including 10m @ 5.78g/t Au from 46m.
“Assays remain pending for multiple holes and we look forward to reporting on our progress.”