Announcement Date: 2022-10-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Saturn Metals Ltd.
Project name: Apollo Hill
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 16m at 0.54g/t Au from 92m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Saturn Metals Limited (ASX:STN) (“Saturn”, “the Company”) is pleased to announce exciting results from step out AC drilling at the Calypso Prospect at its 100% owned, 1,000km2 Apollo Hill Gold Project, 60km southeast of Leonora in the Western Australian Goldfields. Calypso sits within the Apollo Hill Super Structure where previous drilling discovered thick high grade gold intersections in alluvial gravels. Follow up drilling at the time did not immediately identify the source of the mineralisation in the bed rock. However, the angular nature of the alluvial gravel clasts associated with the gold intersections indicated that they were likely only transported a short distance. This suggests that the gold source is reasonably close. New wide spaced AC lines (Figure 2) have provided a successful 200m-300m step out from the gravel gold intercepts and have identified a nearby primary rock source of gold. Gold is associated with quartz veining, shearing and granitic porphyry intrusive rocks (all being widely associated with significant gold deposits across the Goldfields).
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