Special Report: Drilling has extended high grade ‘hanging-wall’ mineralisation at Saturn Metals’ Apollo Hill gold project by another 400m — highlighting the potential to significantly increase the size of the current 781,000oz gold resource.
Saturn Metals (ASX:STN) is undertaking drilling at Apollo Hill, 60km from Leonora in the WA goldfields, to expand and upgrade the newly discovered high-grade ‘hanging wall’ zone and to grow the resource.
The latest assay results continue to highlight the scale of this emerging gold system, which remains ‘open’ in multiple directions.
Highlights include 6m at 6.23g/t from 246m; 13m at 1.39g/t from 157m; 4m at 3.23g/t from 141m; and 1m at 24.10g/t from 70m.
These impressive results extend the hanging-wall mineralisation 400m to the south of recent intersections reported in early June, like 8m at 5.12g/t.
They also extend the mineralised corridor to 400m in width in the central part of the Apollo Hill gold system.
Assays remain pending for four holes, Saturn said.
Extra drilling is now planned to further test the limits of the mineralised corridor in this south-central part of the deposit.
Saturn managing director Ian Bamborough said it was great to see the wide hanging-wall system extend to the south.
“The company is mobilising a second drill rig to accelerate drilling in this area,” he said.
“Assays remain pending for several important holes and we look forward to the results in due course.”
Saturn’s share price has surged this year and is currently up 152.5 per cent to 77c per share.
Saturn Metals Ltd Share Price Chart
This story was developed in collaboration with Saturn Metals, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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Barry Stroman was a reporter for Zerg Watch, before becoming the lead editor. Barry has previously worked for Wired, MacWorld, PCWorld, and VentureBeat covering countless stories concerning all things related to tech and science. Barry studied at NYU.