Saturn Metals (ASX:STN) has reported success from the reverse circulation (RC) drilling programme at its 100%-owned Apollo Hill Gold Project near Leonora in the Western Australian goldfields.
Saturn is currently drilling up to 13,000m at Apollo Hill as part of the company’s efforts to rapidly expand the newly discovered high-grade hanging wall zones and to grow the project’s recently upgraded 781,000oz Mineral Resource.
Drilling results from exploration step-outs to the east and down dip include: 5m @ 5.19g/t Au from 44m within 16m @ 1.69g/t Au from 44m; 11m @ 1.2g/t Au from 180m within 25m @ 0.61g/t Au from 166m; and 7m @ 2.13g/t Au from 64m.
Saturn Managing Director Ian Bamborough said drilling is focussed on extending the known mineralisation at Apollo Hill.
Results continue to confirm our thesis for step change growth immediately adjacent to the Apollo Hill main lode,” Mr Bamborough said.
“We are extremely encouraged by the widening gold system, further higher-grade intersections, and the extension of the hanging wall system down dip. We are pressing ahead with our accelerated exploration effort as our confidence in the geological picture and gold system grows.”
Apollo Hill is located ~60km south-east of Leonora in the heart of WA’s goldfields region. The project is surrounded by excellent infrastructure and several significant gold deposits and operations.