For thousands of other reports visit RSC's Mineral Intellingence Map
Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/31/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2020: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 16m @ 0.19g/t Au from 44m. During the Quarter 9,199m of extensional RC drilling was undertaken in | |
| Resources: | (Resource, I+I): 24.5Mt @ 1.0g/t Au at project | |
| CP/QP: | [Overall Report]: Ian Bamborough (Internal) | |
| ABSTRACT: | During the Quarter 9,199m of extensional RC drilling was undertaken in 77 holes at Apollo Hill as part of the Company’s efforts to rapidly expand and improve the newly discovered higher-grade hanging wall zones and to grow and improve the Project’s 781,000oz Mineral Resource1 . Multiple significant intersections were returned successfully extending mineralisation in all directions. Importantly, evidence is starting to emerge of a single 450m wide, mineral altered and mineralised corridor. Drilling clearly shows the potential for a major resource improvement and expansion immediately adjacent to the initial Apollo Hill zone. The thick mineralised corridor is providing new opportunities for additional discovery with significantly improved grades now being intersected. Figure 1 illustrates how several extended step out holes have highlighted a much larger opportunity at Apollo Hill. The AHRC0312 drill hole result (12m @ 9.98g/t Au from 269m) is 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. The Figure 1 cross section also illustrates the favourable tenor and thickness of other significant intersections. Figure 2 shows a photograph of the robust 12m @ 9.98g/t Au AHRC0312 intersection and associated quartz veining, mineral alteration and sulphides. Encouragingly, mineralisation has a consistently highgrade core. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report