An aggressive program of up to 10,000 metres of reverse circulation (RC) drilling has commenced at Apollo Hill as part of Saturn’s efforts to expand the newly discovered high-grade hanging wall zones and to rapidly grow the project’s resource, which currently stands at 20.7 million tonnes grading 1 g/t gold for 685,000 ounces.
Planned exploration and resource extension drilling locations relative to the published resource
Having finished the March 2019 quarter with $2.8 million in cash, and after successfully raising $1.5 million through a share placement in May, Saturn is well funded to accelerate drilling activity at Apollo Hill and has brought a second rig to site for that purpose.
Saturn managing director Ian Bamborough said: “We have been highly encouraged by the results we have seen to date from the newly discovered hanging wall zones and as a result we are ramping up exploration efforts.
“This new program of drilling will further test the potential of those zones and could deliver a step change in the size and grade of the Apollo Hill Mineral Resource.”
RC drilling underway at Apollo Hill –June 12, 2019