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Saturn Metals resumes drilling to expand gold resource at Apollo Hill

Drilling aims to expand the standing 685,000-ounce gold resource.

RC drilling underway at Apollo Hill – 13 February 2019
Managing director Ian Bamborough recently purchased 63,941 shares on-market

Saturn Metals Ltd (ASX:STN) has resumed resource expansion drilling yesterday at its Apollo Hill Gold Project near Leonora in Western Australia.

The newly planned 3,600-metre reverse circulation (RC) program aims to rapidly grow the 20.7 million tonnes grading 1.0 g/t gold for 685,000 ounces resource.

Following the completion of broad-spaced step-out drilling that confirmed the continuation of the Apollo Hill system, to the north and south late last year, the new program will seek to infill these corridors of mineralisation.

READ: Saturn Metals managing director shows confidence with on-market share purchase

Saturn’s managing director Ian Bamborough said: “Significant potential exists to find higher grade zones between the step-out intersections reported in December last year and the northern and southern ends of the current Apollo Hill resource envelope.

“That is what particularly excites us about this new program.”

READ: Saturn Metals begins aircore drilling at Apollo Hill Gold Project in the Goldfields

Around two weeks ago, Saturn commenced a maiden aircore drilling program at the Apollo Hill designed to find new gold targets

The program comprises an initial 5,000 metres of aircore drilling on priority one drill lines with an additional 5,000 metres planned as follow-up.

Quick facts: Saturn Metals Ltd

Price: 0.345 AUD

Market: ASX
Market Cap: $25.25 m

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