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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-8-2018: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill deposit at the Apollo Hill project. Drilling results incl. 18m @ 2.58g/t Au from 126m. Saturn Metals Limited (ASX: STN) (“Saturn”, “the Company”) is pleased t | |
| Resources: | (Resource, Inf.): 17.2Mt @ 0.9g/t Au at project | |
| CP/QP: | [Resources]: Jonathon Abbott (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Saturn Metals Limited (ASX: STN) (“Saturn”, “the Company”) is pleased to report that resource upgrade drilling at its 100%-owned Apollo Hill Gold Project, near Leonora in the Western Australian goldfields, has defined a continuous, higher grade gold lode at the northern end of the deposit. Figure 1 illustrates the new assay results (AHRC0036-AHRC0038) in geological cross section, showing that drilling has outlined a thick higher grade lode structure within a broad resource grade envelope. Potential exists to further define this robust lode along strike. Drilling remains open at the northern end of Apollo Hill where the structure has been identified. The intersection of 16m @ 2.00g/t Au from 103m within 36m @ 1.68g/t Au from 103m is in the recently defined Armstrong Shoot position. This shoot, which is known to outcrop at surface, continues to develop as an important part of the Apollo Hill gold system. Recently reported results in shallower position have included AHRC0025, 8m @ 3.3 g/t Au from 16m (see Saturn Metals Limited’s ASX Announcement of 22 May 2018). Significant new 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. Figure 2 shows the latest round of RC hole positions in plan view. Saturn Managing Director Ian Bamborough said: “We are delighted with the emerging picture at Apollo Hill. These excellent results have provided a step-change in our understanding of the deposit’s 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 that will take place later this year. “Based on the results received since we began drilling at Apollo Hill in March, it is reasonable to expect that the resource will grow". | |
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