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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2018: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 46m @ 1.11g/t Au from 19m. Saturn Metals Limited (ASX: STN) (“Saturn”, “the Company”) is pleased t | |
| Resources: | (Resource, Inf.): 17.2Mt @ 0.9g/t Au at project | |
| CP/QP: | [Overall Report]: Iam Bamborough (Internal) | |
| ABSTRACT: | Saturn Metals Limited (ASX: STN) (“Saturn”, “the Company”) is pleased to report that infill and extensional resource drilling at its 100%-owned Apollo Hill Gold Project, near Leonora in the Western Australian goldfields, has further extended a number of thick and higher grade zones of mineralisation towards the surface within the main Apollo Hill resource area (Figure 1 – geological cross-section). The results reported in this announcement are the final results to be received from the infill and extensional resource drilling program commenced by Saturn at Apollo Hill shortly after the Company listed on the Australian Securities Exchange in March 2018. They will be incorporated with all other results from the program and utilised in the resource recalculation that Saturn is currently undertaking on the Project and expects to complete later this year. Figure 2 below shows the latest round of results and RC hole positions in plan view. All significant results are listed in Table 1. Details of holes reported in this announcement are included in Table 2. Saturn Managing Director Ian Bamborough said: “The reported intersections have improved the mineral inventory in the heart of the Apollo Hill Resource area. These results, when coupled with other impressive extensional results reported during August, further demonstrate the capacity to improve the development potential of this major gold system. Having reported all outstanding results, we are now in the process of incorporating them into a new resource estimate, which we expect to release in the December quarter.” | |
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