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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/19/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2020: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 14m @ 7.75g/t Au from 120m. Saturn Metals (ASX:STN) (“Saturn”, “the Company”) is pleased to announ | |
| Resources: | (Resources, Total): 24.5Mt @ 1.0g/t Au (781koz Au) | |
| CP/QP: | [Overall Report]: Ian Bamborough (Internal) | |
| ABSTRACT: | Saturn Metals (ASX:STN) (“Saturn”, “the Company”) is pleased to announce the first results from the 2020 reverse circulation (RC) drilling campaign at its 100%-owned Apollo Hill Gold Project, 60km from Leonora in the Western Australian goldfields. Drilling is underway at Apollo Hill as part of the Company’s efforts to rapidly expand and improve the newly discovered high-grade hanging wall zone and to grow and improve the Project’s 781,000oz Mineral Resource1. The AHRC0330 drill hole result (8m @ 12.9g/t Au from 126m within 14m @ 7.75g/t Au from 120m) is amongst 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). Figure 2 illustrates the pattern of stacked high-grade lodes and plunging shoots that is starting to emerge in the hanging-walls. The new model is providing an opportunity for improved drill targeting on multiple fronts. Drilling continues to focus on sizeable step-outs and Resource expansion. | |
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