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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-7-2018: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 10.1m @ 1.26g/t Au from 75.9m. Saturn Metals Limited (ASX: STN) is pleased to report additional si | |
| 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 Limited (ASX: STN) is pleased to report additional significant diamond drilling intersections at its 100%-owned Apollo Hill Gold Project, near Leonora in the Western Australian goldfields. Drilling tested extensional positions on the main Apollo Hill deposit and the adjacent Ra deposit, which have a combined 0.505Moz JORC 2012 compliant inferred gold resource of 17.2Mt at 0.9 g/t Au1 . Figure 2 illustrates how intersections at Apollo South show similarities to the higher-grade dolerite hosted vein structures noted in the parallel and adjacent Ra deposit. The cross section in Figure 2 also illustrates the potential for more of this important style of mineralisation in the prospective dolerites. Drilling remains open along strike and down plunge with the potential for multiple stacked lodes. Results also delineated several other wider zones of lower grade gold mineralisation with significant intersections including AHDD0006 – 21m @ 0.44g/t Au from 117m and AHDD0002 – 7.1m @ 0.58g/t Au from 14m. Results will form part of Saturn’s upcoming resource re-calculation with a revised resource statement anticipated for later in 2018. Significant results are listed in Table 1. Details of holes reported in this announcement are included in Table 2. Figure 3 shows diamond hole positions in plan view. Saturn Managing Director Ian Bamborough said: “We are excited by the new geological development at Apollo South, and the potential to discover another zone of higher grade Ra style mineralisation. The opportunity remains open for additional testing”. | |
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