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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-7-2019: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 51m @ 1.08g/t Au from 11m. Saturn Metals Limited (ASX: STN) (“Saturn” or “the Company”) is pleased | |
| 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 additional strong drill results from holes 18-55 of the planned 100-hole, 10,000m RC drilling campaign currently underway at its 100%-owned Apollo Hill Gold Project near Leonora in the Western Australian goldfields. Geology and assays have now outlined several hanging-wall splays defined over 800m of strike length (Figure 1). The system is open at depth, down plunge and along strike. Thick, near surface, higher grade intersections such as 16m @ 3.1g/t Au from 11m – including 12m @ 4.01g/t Au from 13m which also includes 6m @ 7.21g/t Au from 19m – all contained within an intersection of 51m @ 1.08g/t Au from 11m (AHRC0208) were returned in the latest round of assays. The new results demonstrate the potential for a large parallel gold system immediately adjacent to the Apollo Hill main lode. Significant mineralisation is now evident over a 500m wide corridor with multiple stacked gold zones apparent. Figure 2 illustrates the AHRC0208 high grade result (12m @ 4.01g/t Au from 13m within 51m @ 1.08g/t Au from 11m) in geological cross-section. Drilling remains open down dip, and immediately along strike to the north and south. The cross-sections in Figure 1 and Figure 2 also illustrate mineralisation and drilling on the main Apollo Hill Lode for important context. The new AHRC0208 intersection shows similarities to intersections in the main Apollo Hill Lode with a point of difference being a lower drill density. Potential exists to replicate the Apollo Hill main lode mineralised pattern in the hanging-wall with more infill drilling. Assays remain pending for infill hole AHRC0215 illustrated on the cross-section in Figure 2. Given the flatter-lying nature of many of the interpreted lodes as illustrated in Figures 1 and 2, reported intersections, where not shown otherwise, approximate to true thickness. | |
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