- Saturn Metals (ASX:STN) announces impressive drilling results from its Apollo Hill gold project in Western Australia
- The company reports high-grade and thick intersections from near surface, including 16.6 metres at 14.5 g/t gold from 11 metres, including 11.1 metres at 21.55 g/t gold from 16.1 metres
- Additional results include 18.6 metres at 0.9 g/t gold from surface, including 11 meters at 1.33 g/t gold from two metres
- Saturn will use the results for future upgrades to its growing MRE and plans to conduct more drilling in late 2023 and early 2024
- STN shares are up 7.69 per cent, trading at 14 cents at 11:04 am AEDT
Saturn Metals (ASX:STN) has announced impressive drilling results from its Apollo Hill gold project in Western Australia.
The company reported high-grade and thick intersections from near surface, including 16.6 metres at 14.5 grams per tonne (g/t) gold from 11 metres, including 11.1 metres at 21.55 g/t gold from 16.1 metres.
Additional results included 18.6 metres at 0.9 g/t gold from surface, including 11 metres at 1.33 g/t gold from two metres.
These results have the potential for positive reconciliation near the company’s measured mineral resource estimate (MRE) and have highlighted further potential for higher-grade ores across the deposit.
“Results from infill drilling are consistently showing strong intersections and pockets of higher grade within the deposit,” STN Managing Director Ian Bamborough said.
“As we continue to progress the Apollo Hill project through its development studies towards production we also look forward to additional results from this year’s planned exploration and resource development drill programs.”
Saturn stated that it would use the results for future upgrades to Apollo’s growing MRE, which currently stands at 105 million tonnes at 0.64 grams per tonne of gold for 1.8 million ounces.
The company’s next planned upgrade has been scheduled for after further drilling is completed in late 2023 and early 2024.
STN shares were up 7.69 per cent, trading at 14 cents at 11:04 am AEDT.