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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2018: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 58m @ 1.06g/t Au from 65m. 1The Apollo Hill Gold Project (100% owned) contains a 0.505Moz JORC 201 | |
| Resources: | (Resource, Inf.): 17.2Mt @ 0.9g/t Au at project | |
| CP/QP: | [Resources]: Jonathon Abbott (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | 1The Apollo Hill Gold Project (100% owned) contains a 0.505Moz JORC 2012 compliant inferred gold resource (17.2Mt at 0.9g/t Au) (refer to the Saturn Metals Prospectus and Independent Geologist’s Report on the Company’s website for details of this Resource including Competent Persons Statement and JORC Table 1). 2 Saturn Metals Limited ASX:STN | ABN: 43 619 488 498 | 1/34 Kings Park Road West Perth WA 6005 www.saturnmetals.com.au | [email protected] Saturn Metals Limited (ASX: STN) (“Saturn”, “the Company”) is pleased to report that infill and extensional resource drilling at its 100%-owned Apollo Hill Gold Project, near Leonora in the Western Australian goldfields, has further defined a thick continuous zone of shallow mineralisation along the southern extension corridor of the deposit. Figure 1 shows the latest round of results and RC hole positions in plan view. The new results reported in this announcement sit mainly outside the existing resource outline illustrated as a red box on the diagram. Importantly, drilling remains open at the southern end of the deposit with a robust intersection of 58m @ 1.06g/t from 65m (AHRC0049) providing a clear extensional drill target. Figure 2 shows AHRC0049 on the southernmost cross section for geological context. In addition, potential also exists to add mineralisation at the northern end of the deposit. Recent drilling defined a coherent lode structure open to the north with intersections including 10m @ 2.98 g/t Au from 92m in hole AHRC0036 (see Saturn’s ASX Announcement of 6 August 2018). All significant results are listed in Table 1. Details of holes reported in this announcement and holes for which assays remain pending are included in Table 2. Saturn Managing Director Ian Bamborough said: “Results continue to show that the Apollo Hill deposit is a major gold system with serious growth potential. Thick zones of shallow gold mineralisation provide the company with some excellent development potential. We look forward to assessing and reporting the remaining results from our latest phase of RC drilling and incorporating them into the resource re-calculation currently underway. Once again, based on the results received in this latest round of drilling at Apollo Hill, it is reasonable to expect that the resource will grow" | |
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