Saturn Metals Ltd

Saturn Metals spins diamond drill bit at Apollo Hill

Diamond drilling will test for new styles of mineralisation and provide metallurgy samples.

rig on site at apollo hill project
This program and the recently commenced 43-hole RC program aims to grow the resource

Saturn Metals Ltd (ASX:STN) has resumed diamond drilling at its 100% owned Apollo Hill Gold Project near Leonora in Western Australia.

The diamond drilling follows the recently commenced reverse circulation (RC) program.

All drilling at Apollo Hill is aimed at rapidly growing its JORC resource, which stands at 20.7 million tonnes grading 1.0 g/t gold for 685,000 ounces.

This diamond program, which will initially comprise three holes for 300 metres, will be funded by the Western Australian government’s exploration incentive scheme.

READ: Saturn Metals begins new drilling program to boost gold resource

Saturn’s managing director Ian Bamborough said: “We are pleased to be able to test a couple of new ideas with this drill program. We have been planning on testing these positions for some time.

“The diamond core will provide us with a wealth of information and help us to continually improve our targeting.”

The diamond program is aimed at testing for higher grade plunging shoots in hanging-wall positions to the existing JORC resource.

Quick facts: Saturn Metals Ltd

Price: $0.48

Market: ASX
Market Cap: $35.13 m

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Saturn Metals has a dual strategy to develop its large-scale Apollo Hill...

Saturn Metals Ltd (ASX:STN) managing director Ian Bamborough introduces Proactive Investors to the Western Australian gold exploration company's Apollo Hill Project, located in the heart of the Eastern Goldfields. Both the company and its assets were spun out of Peel Mining Ltd (ASX:PEX) and...

on 21/12/18

2 min read