Saturn Metals (ASX:STN) is eyeing 45 cents today as its share price jumps over +10% in Wednesday morning trades after flagging its discovery of “new high-grade, thick and relatively shallow” gold zones.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
This content has been prepared as part of a partnership with Saturn Metals Ltd and is intended for informational purposes only.
RC drill results recently concluded yielded the following results:
- 21m @ 3.9g/t gold from 36m depth, including:
- 05m @ 15g/t gold from 51m
- 23m @ 2.5g/t gold from 56m depth, including:
- 08m @ 5.6g/t gold from 70m
- 11m @ 4.5g/t gold from 147m depth, including:
- 10m @ 2.6g/t gold from 155m
These headline results have been enough to catch market attention as eyes remain on Saturn and its Apollo Hill project. Results flagged Wednesday were pulled from the ‘Iris’ and ‘Tefnut’ prospect zones of interest, respectively.
“These exciting new results confirm our belief that coherent high-grade zones like Iris have the potential to repeat throughout the greater Apollo Hill gold system,” company chief Ian Bamborough said.
“Drilling will target more of these recently identified structures in the coming months. Ultimately, the results will contribute towards our next Mineral Resource update, planned for release in the first half of 2026.”
With gold prices where they are, the market reaction to Wednesday’s news isn’t too complicated to understand.
More market news
Gov’t help: Oz likely to get commodity supports, but don’t expect Trumpian flair
All-time rise: XJO hits new ATH on RBA cut – is 9,000 by EOY too low?
Last month, the Australian company got done wrapping up another JORC upgrade that followed 300m of infill drilling, upgrading its MRE to 2.24Moz. Perhaps of most interest to shareholders and investors alike is that this reflected the company’s seventh upgrade to its MRE in a row.
STN last traded at 41cps.
Join the discussion: See what HotCopper users are saying about STN and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please clickhere.