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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-1-2020: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 12m @ 9.98g/t Au from 269m. Saturn Metals (ASX:STN) (“Saturn”, “the Company”) is delighted to anno | |
| Resources: | (Resource, I+I): 24.5Mt @ 1.0g/t Au at project | |
| CP/QP: | [Overall Report]: Ian Bamborough (Internal) | |
| ABSTRACT: | Saturn Metals (ASX:STN) (“Saturn”, “the Company”) is delighted to announce final results from its December 2019 Reverse Circulation (RC) drilling campaign at Apollo Hill on its 100%-owned Apollo Hill Gold Project, 60km from Leonora in the Western Australian goldfields. Drilling was undertaken at Apollo Hill as part of the Company’s efforts to rapidly expand and improve the newly discovered higher-grade hanging wall zones and to grow and improve the Project’s 781,000oz Mineral Resource1 . The AHRC0312 drill hole result (12m @ 9.98g/t Au from 269m) is 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 (See Figure 1). Saturn Managing Director Ian Bamborough said: “These step change results have provided a key breakthrough in the development of the rapidly growing and improving Apollo Hill Gold system. Drilling clearly shows the potential for a major resource improvement and expansion immediately adjacent to the initial Apollo Hill zone. A thick mineralised corridor is providing multiple opportunities for additional discovery with significantly improved grades now being intersected. Drilling has recommenced at Apollo Hill with two rigs currently on site. We look forward to the ongoing results flow and to including the new information into our next resource process currently scheduled for mid-2020”. | |
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