Saturn Metals (ASX:STN) has received positive news with the receipt of the first results from the 2020 reverse circulation (RC) drilling campaign at its 100%-owned Apollo Hill Gold Project, near Leonora in Western Australian goldfields.
The drilling programme at Apollo Hill as part of the company’s efforts to rapidly expand and improve the newly discovered high-grade hanging wall zone and to grow and improve the project’s 781,000oz Mineral Resource.
Managing Director Ian Bamborough said the latest results including 8m @ 12.9g/t Au from 126m within 14m @ 7.75g/t Au from 120m) are amongst the best on the project to date, with excellent grade and thickness located in a highly favourable step out position relative to the existing resource and known mineralisation.
Mr Bamborough said the new model is providing an opportunity for improved drill targeting on multiple fronts. Drilling continues to focus on sizeable step-outs and Resource expansion.
Mineralisation in the hanging-wall zone at Apollo Hill is structurally focussed and hence predictable, with the step out holes in the hanging-wall extending halo gold mineralisation; including intercepts of 14m @ 1.07g/t Au from 160m and 11m @ 0.9g/t Au from 130m.
“These excellent results have provided strong evidence of the repeatability of high-grade mineralisation in this thick mineralised corridor,” Mr Bamborough said
“Drilling continues to show the potential for significant resource improvement and growth immediately adjacent to the initial Apollo Hill zone. Key vectors for additional discovery are now apparent.
“Drilling continues with two rigs focussed on follow up drilling around this important zone and several assays are pending.
“We look forward to the ongoing results flow and to including the new information into our next resource update currently scheduled for mid-2020.”