Saturn Metals Limited (ASX:STN) Announces Strong Drilling Results for Apollo Hill Project
Assay Results
Saturn Metals Limited (ASX:STN) reported significant assay results from Reverse Circulation (RC) drilling at the Apollo Hill Gold Project. The findings highlight the continuity of the recently upgraded 2.03Moz Mineral Resource and indicate potential for further growth. Notable extensional results include 38m @ 1.24g/t Au from 331m and 32m @ 1.12g/t Au from 136m. In-fill drilling results aimed at resource category upgrades show intercepts such as 29m @ 1.48g/t Au from 39m and 25m @ 1.35g/t Au from 192m. Development drilling identified new mineralisation within the Mineral Resource pit shell, including 11m @ 1.05g/t Au from 160m.
Development Strategy
The latest results support Saturn’s accelerating development strategy for the Apollo Hill project. The company plans a second Mineral Resource upgrade in the second half of 2025, which will underpin the Pre-Feasibility Study scheduled for later this year. Further RC drilling of 31,000m is planned to advance development and upgrade resource categorization. Additional drilling will also enhance confidence in and test mineralised prospects across Saturn’s tenement package.
Executive Comments
Managing Director Ian Bamborough commented, “It’s great to see another round of very strong drilling results pulling the deposit together nicely under in-fill drilling. Beyond that, the first rate extensional results reported today show the significant potential for the Apollo Hill mineralised system to continue to grow when we test its current frontiers with additional drilling.” He added, “With the recent Resource upgrade surpassing the 2Moz mark and an aggressive drill program in front of us, we look forward to unlocking the full potential of this robust asset for our business.” Bamborough further stated, “Results from planned drilling will feed into a subsequent resource upgrade, targeted for the second half of 2025, which will in turn underpin the Pre-Feasibility Study scheduled for completion later this year. We look forward to reporting additional rounds of results on a regular basis over the coming months.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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