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: | 5/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-5-2018: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 22m @ 1.01g/t Au from 52m. Saturn Metals (ASX: STN) (“Saturn”, “the Company”) is pleased to report | |
| Resources: | (Resource, Inf.): 17.2Mt @ 0.9g/t Au at project | |
| CP/QP: | [Overall Report]: Jonathon Abbott (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Saturn Metals (ASX: STN) (“Saturn”, “the Company”) is pleased to report significant new near-surface extensional assay results from the Reverse Circulation (RC) drilling program recently completed at its 100%-owned Apollo Hill Gold Project near Leonora in Western Australia. Better results include All material results are listed in Table 1. Hole details are provided in Table 2. Importantly, the returned drill intersections are once again comparable with historic drill intersections from Apollo Hill and when coupled with other recently released drill results (6m @ 2.26g/t Au from 11m, and 23m @ 1.15g/t Au from 11m), highlight the potential to increase the scale of the known mineralised system from the current 0.505Moz JORC 2012 compliant inferred gold resource of 17.2Mt at 0.9g/t Au1 . (See Saturn ASX announcements dated 17 April 2018, 27 April 2018 and 22 May 2018 for previously released results). Some near-surface results provide infill along a ~250m southern extension corridor to the Apollo Hill Resource (Figure 2). In addition, other results extend and open mineralisation to the North (Figure 2). Figure 3 illustrates the northern extension results in cross section to provide geological context. Saturn Managing Director Ian Bamborough said: “These strong drill results have increased our confidence in our ability to grow and improve the Apollo Hill gold system whilst focusing on shallow extensions. The recent holes provide great additional data on which to base our next resource calculation, which is planned for mid to late 2018. All results have now been reported for the 35 holes completed in the first phase of RC drilling at Apollo Hill completed under Saturn ownership. A follow-up phase of diamond drilling has already begun (See Saturn ASX announcement dated 30 May 2018) and further RC resource drilling is being planned for late June 2018 | |
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