Saturn Metals Ltd (ASX:STN) will utilise high-grade gold results to re-estimate the resource at its Apollo Hill project near Leonora in Western Australia.
The company has received material assays from the first diamond drill holes at the project, which is in the prolific Goldfields region.
Drilling focused on higher-grade structural zones or shoots within the main deposit, which has a JORC-compliant inferred resource of 17.2 million tonnes at 0.9 g/t gold for 505,000 ounces.
Geological continuity within the higher-grade Armstrong Shoot was identified by the 9-hole program and Saturn is testing this position with follow-up reverse circulation drilling.
READ: Saturn Metals accelerates drilling at Apollo Hill Gold Project
Saturn managing director Ian Bamborough said: “Results continue to outline better grades within specific parts of the Apollo Hill gold system and we look forward to seeing how they affect our resource re-calculation in the coming months.”
Best results include: 7.4 metres at 2.01 g/t gold from 220.5 metres; 11.2 metres at 1.77g/t from 173.8 metres, within 24.2 metres at 1.22 g/t from 173.8 metres; and 3.8 metres at 2.05 g/t from 89 metres, including 0.5 metres at 15.6 g/t from 92.3 metres.
The program also delineated several other wider zones of Apollo Hill style gold mineralisation with significant intersections including 7.8 metres at 1.12 g/t from 85 metres and 15 metres at 0.8 g/t from 146 metres.
READ: Saturn Metals intercepts visible gold in first diamond hole at Apollo Hill
Assays remain pending for four diamond drill holes which tested distinctly different positions within the Apollo Hill project area.
The company considers all the results to be significant and will use them in its upcoming resource re-calculation, which is expected to be complete later in 2018.