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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2018: Saturn Metals Ltd. announces a Resource Estimation report for its Apollo Hill deposit at the Apollo Hill project. Upgraded mineral resource estimate at the project. Saturn Metals Limited (ASX:STN) (“Saturn”, “the Company”) is pleased to announ | |
| Resources: | (Resource, I+I): 20.7Mt @ 1.0g/t Au for 685Koz Au contained at Apollo Hill | |
| CP/QP: | [Resources]: Ingvar Kirchner (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | Saturn Metals Limited (ASX:STN) (“Saturn”, “the Company”) is pleased to announce that it has completed an updated Mineral Resource estimate for the Apollo Hill gold deposit, part of its 100%- owned Apollo Hill Gold Project near Leonora in the Western Australian Goldfields. The upgraded Mineral Resource (Figure 1 and Table 1) totals 20.7Mt at 1.0g/t Au for 685,000oz, a 36% increase in contained ounces from the previously published resource. It incorporates the results of a highly successful 72-hole, 9,444m extensional and in-fill drilling campaign completed following the Company’s listing on the ASX in March this year. Commenting on the Mineral Resource upgrade, Saturn Managing Director Ian Bamborough said: “This resource upgrade is a significant step for the Company and the Apollo Hill asset only a short while after listing. Improvements in grade, ounces, tonnes, quality and JORC Code category, all with minimal drilling and at a low discovery cost per ounce, bode well for the development of our business. With some of the strongest intersections located at both the northern and southern extent of the deposit, the system is wide open for rapid expansion. Drilling has already resumed to test these targets and results from this expansionary phase of our journey will be reported in due course.” | |
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