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Saturn Metals Ltd.
Summary
| Project: | Apollo Hill | |
|---|---|---|
| Deposit: | Apollo Hill, Ra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2018: Saturn Metals Ltd. announces an Exploration/Drilling Update report for its Apollo Hill, Ra deposit at the Apollo Hill project. Drilling results incl. 27.0m @ 1.12g/t Au from 61m. Step out RC drilling along the Apollo Hill and Ra zones (JORC com | |
| Resources: | (Resource, I+I): 20.7Mt @ 1.0g/t Au for 685Koz Au contained at Apollo Hill | |
| CP/QP: | [Overall Report]: Ian Bamborough (Internal) | |
| ABSTRACT: | Step out RC drilling along the Apollo Hill and Ra zones (JORC compliant Inferred and Indicated Resource of 685koz from 20.7Mt @ 1.0g/t Au1 ) has highlighted the potential to grow the mineral inventory at this major gold system. Saturn Metals Limited (ASX: STN) (“Saturn”, “the Company”) is pleased to report that resource extension drilling at its 100%-owned Apollo Hill Gold Project, near Leonora in the Western Australian goldfields, has outlined extensional gold potential along strike from both the Apollo Hill and Ra Mineral Resource zones. Of particular interest are intersections at the newly named Tefnut and Wadjet zones some 1km along strike from the Ra zone (currently 28,712oz in JORC Compliant Indicated Resource). Figure 1 shows significant intersections in long-section at both zones relative to the Ra Mineral Resource. Material exploration potential exists at both prospects and along the mineralised Ra dolerite between the targets. For geological context, Figure 2 illustrates the broadly spaced mineralised drill hole intercepts at Apollo Hill South. Infill drilling is required to fully explore this wide gold prospective corridor. All intersections are illustrated in plan view in Figure 3. All significant results from the latest phase of drilling at Apollo Hill and the Ra zone are listed in Table 1. Details of holes reported in this announcement are included in Table 2. Saturn Managing Director Ian Bamborough said: “The intersections returned from this step-out drilling have given us confidence that the Apollo Hill mineralised system continues for some distance along strike from the Apollo and Ra Mineral Resources. There is gold in the holes over significant corridor width and we know that infill drilling along this system has provided strong results in the p | |
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