Continues To Grow 944,000 Ounce WA Resource
Saturn Metals Limited (ASX:STN) has announced further significant results from ongoing RC drilling at the Apollo Hill deposit within its 100%-owned Apollo Hill Gold Project, 60km south-east of Leonora in the Western Australian goldfields.
This drilling is a key part of the company’s ongoing strategy to grow the Apollo Hill Mineral Resource, which was upgraded to 944,000 ounces on January 28, 2021.
Managing Director, Ian Bamborough, revealed that another resource upgrade is planned for later in 2021 after considering results from the next 50,000m of planned drilling across the Apollo Gold camp.
Multiple strong intersections returned in near-surface resource drilling at Apollo Hill including:
- 12m @ 5.75g/t Au from 2m including 8m @ 8.83g/t Au from 6m – AHRC0480
- 2m @ 63.05g/t Au from 8m – AHRC0479
- 8m @ 4.28g/t Au from 72m including 4m @ 8.34g/t Au from 72m – AHRC0477
- 7m @ 3.34g/t Au from 80m – AHRC0473
- 15m @ 2.09g/t Au from 79m including 7m @3.84g/t Au from 87m – AHRC0502
- 15m @ 1.39g/t Au from 99m including 6m @ 3.16g/t Au from 103m – AHRC0475
- 26m @ 1.43g/t Au from 248m including 16m @ 2.01g/t Au from 248m – AHRC0497
- 12m @ 1.86g/t Au from 112m including 9m @ 2.40g/t Au from 114m – AHRC0494
- 20m @ 1.20g/t Au from 236m including 12m @ 1.77g/t Au from 236m – AHRC0191R
- 12m @ 1.40g/t Au from 66m including 4m @ 3.66g/t Au from 74m – AHRC0474
- 17m @ 1.16g/t Au from 85m including 7m @ 2.49g/t Au from 94m – AHRC0459
Strong results such as 15m @ 2.90g/t Au from 79m including 7m @ 3.84g/t Au from 87m are seen in a shallow extensional position beneath the eastern resource pit shell wall.
In addition, AHRC0502 also returned an intersection of 7m @ 1.29g/t Au from only 6mdepth within the pit shell showing scope for improvement of the model in this area.
“An increase in the understanding of the geological controls across the deposit after the 2020 drilling program is allowing us to successfully target higher grade mineralisation both within and around the newly expanded resource,” Mr Bamborough said.
“Scope for further improvement exists as we continue to apply the learnings from the December-January resource modelling exercise.
“Drilling since early January has focussed on testing for higher grade opportunities across the deposit as well as on several crucial ‘step-out’ exploration initiatives. We look forward to reporting assays from the 100 holes that remain pending.
“An aggressive start to the year reflects our continued confidence in the deposit and a great step for our next stage of growth.”
