Saturn Metals (ASX: STN) has announced additional positive drilling results from the planned 48-hole drilling campaign at the 100%-owned Apollo Hill Gold Project, near Leonora in the Western Australian goldfields.
The notable result includes 13m at 5.05 g/t gold from 74m including 4m grading 9.8 g/t gold from 74m intersected from hole AHRC0136. STN reported that the thick, high-grade, relatively shallow intersection is located on a newly discovered hanging wall splay to the main Apollo Hill deposit and drilling remains open in all directions.
Saturn expressed confidence that the results highlight the potential for a resource upgrade to the present JORC estimate of 20.7 million tonnes grading 1.0 g/t Au for 685,000 ounces of gold. STN noted that the program is ongoing with follow-up RC drilling planned.
Apollo Hill Gold Project
The Apollo Hill Project is located ~60km south-east of Leonora in the heart of WA’s goldfields region. The Project is surrounded by excellent infrastructure and several significant gold deposits and operations.
The Project comprises of 20 highly prospective gold exploration and prospecting licenses and two mining leases. The Project’s major asset is the Apollo Hill 2018 JORC Compliant Indicated and Inferred Mineral Resource of 20.7 Mt @ 1.0g/t Au for 685,000 ounces of gold using a cut-off grade of 0.5g/t gold.
Excellent Results from RC Drilling
Saturn Metals announced additional positive drill results from holes 25-30 of the planned 48-hole, 5,900m RC and diamond drilling campaign at Apollo Hill Gold Project.
The company reported that the hole AHRC0136 intersected 13m grading 5g/t Au from 74m including 4m grading 9.8g/t from 74m. The mineralisation remains open along strike and down dip.
The company noted that the intersection sits outside the current resource and adds a new higher grade dimension to Apollo Hill gold deposit. The company also reported intersection of 9m grading 1.00g/t Au from 31m in AHRC0137, further demonstrating the emergence and importance of the newly discovered hanging wall splays at Apollo Hill.
Meanwhile, the company said that the drilling into the main Apollo Hill Resource position continues to return strong results. Hole AHRC0141 returned 22m @ 1.02g/t Au from 78m including 9m @ 1.5g/t Au from 91m.
The company noted that the positive results highlight the potential to increase the scale and quality of the current JORC estimate.
Saturn Metals has announced that it is planning to complete another 4,000m of drilling at Apollo Hill in the coming months. The assay results from the program are expected to be reported as received and incorporated into the next resource update for the Project.Saturn managing director Ian Bamborough was very excited to announce the results: “The intersection returned from AHRC0136 is one of the best ever reported at Apollo Hill. It represents the start of a new direction for the deposit and its future resource growth potential. Holes are being planned to follow up on this excellent result as soon as possible.”