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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-3-2019: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 17.0m @ 2.54g/t Au from 82m. Saturn Metals Limited (ASX: STN) (“Saturn” or “the Company”) is pleas | |
| Resources: | (Resource, I+I): 20.7Mt @ 1.0g/t Au for 685Koz Au contained at Apollo Hill | |
| CP/QP: | [Overall Report]: Ian Bamborough (Internal) | |
| ABSTRACT: | Saturn Metals Limited (ASX: STN) (“Saturn” or “the Company”) is pleased to announce positive drill results from the first reverse circulation (RC) drilling campaign for 2019 at its 100%-owned Apollo Hill Gold Project, near Leonora in the Western Australian goldfields. The program, which consisted of 3,083 metres of RC drilling, has more clearly defined the main extensional structures and trends within broader step-out mineralised intersections (Table 1 shows all significant results), extending the strike length of the main Apollo Hill system by 0.5km to 1.7km. Figure 1 highlights the wide-spaced drill results in plan view against structural trends highlighted on an aeromagnetic image. Planned drilling will seek to further infill and extend these corridors. Table 2 lists all hole details and Figure 2 shows drilling results in simplified geological long section for additional context. Saturn Managing Director Ian Bamborough said: “Importantly, drilling has highlighted a number of new areas for focus. Moving forward, our planned drilling will continue to home in on these exciting trends as we continue towards our goal of rapidly growing our resource base in 2019. Drilling is scheduled to re-commence at Apollo Hill in the coming weeks.” Since listing on the ASX in March 2018, Saturn has grown the Apollo Hill Mineral Resource to 20.7 million grading 1.0 g/t gold for 685,000 ounces of gold1 . The company is aiming to complete 10,000 metres of drilling over the next 6-9 months, with the results to be factored into the next resource upgrade. | |
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