Saturn Metals (ASX: STN) has reported a highly positive update from the RC drilling at Calypso Prospect within its Apollo Hill Gold Project in the Western Australian goldfields.
The company announced that reverse circulation drilling at the ‘Calypso Prospect’, only 3.5km northeast of Apollo Hill, has returned a significant intersection of 9m @ 8.67g/t Au from 116m including 3m @ 24.6g/t Au from 119m. The drilling was undertaken to test underneath a historic aircore intersection.
The company announced that follow up RC drilling and step out aircore drilling programs are being planned. Currently, drilling is continuing at the nearby Apollo Hill with rigs currently focussed on follow up work around the High-grade Apollo Hill Hanging-wall Zone and drilling continues in this important area.
Apollo Hill project
The Apollo Hill Project is located in the heart of the world-class Eastern Goldfields district in Western Australia, approximately 650km NE of Perth. It’s located approximately 50km SE of the gold mining and processing town of Leonora.
The Apollo Hill Project comprises of 20 highly prospective gold exploration and prospecting licenses (approximately 1,000km² of ground), two mining leases and two water exploration leases.
RC drilling at Calypso prospect
The company reported that it has commenced RC drilling at Calypso Prospect 3.5km northeast of the Apollo Hill gold deposit on its 100% owned Apollo Hill Gold Project, 60km from Leonora in the Western Australian goldfields.
The drilling was undertaken to follow up on historic aircore intersections of 10m @ 9.80g/t Au from 89m (hole PHA0369) at satellite locations on the Company’s 1000km2 land package to provide further leads to grow and improve the Project’s 781,000oz Mineral Resource.
High-grade intersections
The company reported the assays from three drill holes, BBRC0001, BBRC0002, and BBRC0003.
STN reported high-grade intercepts from BBRC0003. Highlights include 12m @ 6.58 g/t Au from 115 m including 9m @ 8.67g/t Au from 116m including 3m @ 24.6g/t Au from 119m including 6m @ 12.8 g/t Au from 116m.
Intersections from BBRC0001 included 2m @ 0.62 g/t Au from 68m including 15m @ 0.45 g/t Au from 78m, 2m @ 1.11 g/t Au from 143m, and 3m @ 0.65 g/t Au from 187m; while hole BBRC0002 reported intercepts of 2m @ 1.33g/t Au from 105m.
The company noted that the 9m @ 8.67g/t Au intersect from BBRC0003 confirms primary mineralisation associated with quartz veining in a sheared host rock.
>100 m mineralised corridor
The company said that these high-grade RC drill results, along with other historic drilling results at Calypso, has outlined a mineralised corridor of over 100m in width. The drilling remains open along the interpreted strike in both directions for at least 500m.
Drilling at Hermes Prospect
The company reported that drilling was also undertaken to follow up on a significant historic anomaly of (21m @ 5.43g/t Au from 84m – KSC1034) at the Hermes Prospect some 42km south of Apollo Hill on the Company’s E31/1164 Lease.
STN said that one RC hole, CHRC0001, was drilled to twin this historic high-grade intercept but failed to provide any significant results.
However, nearby hole CHRC003 drilled to test an adjacent shear zone identified from ground mapping returned an intersection of 2m @ 0.5g/t Au highlighting a new trend for further testing in the region.
What’s next?
The company said that although it is not yet planned in detail, further work will include infill, step out and twin-hole drilling. STN said that this work will be designed to improve confidence in, and test potential extensions to the current resource estimates.
The company reported that follow up RC drilling and step out aircore drilling programs are being planned.
Currently, drilling is continuing at the nearby Apollo Hill with rigs currently focussed on follow up work around the High-grade Apollo Hill Hanging-wall Zone (recent intersections including 12m @ 9.98g/t Au from 269m from hole AHRC0312 and 8m @12.9g/t Au from 126m from hole AHRC0330) and drilling continues in this important area.
Management comments
Saturn Managing Director Ian Bamborough said: “We are delighted at the potential for an additional high-grade material source in close proximity to Apollo Hill.
The style of mineralisation intersected at Calypso shows a strong similarity to the structural lode gold mineralisation intersected only 3.5km to the West at the Apollo Hill hanging-wall where recent intersects reported in late February include 8m @ 12.9g/t Au.
The 100m wide mineralised corridor now evident at Calypso remains open in both directions and both AC and RC follow up drilling are being planned.
In the meantime, we are looking forward to additional results flow from drilling around the high-grade hanging-wall zone at Apollo Hill. Drilling is continuing at this important zone with two rigs on site.
We look forward to including the ongoing results flow into our next resource update currently scheduled for mid-2020”.