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Saturn Metals Ltd

Saturn Metals begins new drilling program to boost gold resource

The deposit was only recently extended an additional 0.5 kilometres to a total strike length of 1.7 kilometres.

Track mounted RC drilling rig arriving at Apollo Hill
RC drill rig arriving on site 23 March 2019

Saturn Metals Ltd (ASX:STN) has commenced a new resource extension and infill drilling program at its 100%-owned Apollo Hill Gold Project near Leonora in Western Australia.

The reverse circulation (RC) drilling program will be up to 43 holes for 5,600 metres and is aimed at rapidly growing the project’s 685,000-ounce gold grading 1.0 g/t gold JORC resource.

Drilling will target higher grade positions within the broader Apollo Hill system similar to the Armstrong and Eagle Shoots in the north of the deposit discovered in 2018.

Results from the drilling will be used in Saturn’s next planned resource upgrade later in 2019.

READ: Saturn Metals’ strong drilling results extend Apollo Hill gold system

Saturn’s managing director Ian Bamborough said: “Drilling in February increased our confidence in Apollo Hill and we are pressing on with our plans to grow the resource base in 2019.

“Planned drilling will focus on improving higher grade continuity within the known mineralised corridors. We believe that an aggressive.”

A track mounted drill rig is being used to improve access to several drill pads.

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Price: $0.39

Market: ASX
Market Cap: $16.8 m
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