Saturn Metals Limited (ASX:STN) Reports Strong Drilling Results at Apollo Hill
Resource Highlights
Saturn Metals Limited (ASX:STN) has released impressive assay results from recent reverse circulation and diamond drilling at its Apollo Hill Gold Project. The robust intercepts demonstrate the strength of the 2.03Moz Mineral Resource, with high-grade and thick intersections supporting the project’s bulk mining and heap leach strategy. Notable results include 16m @ 6.35g/t Au from 56m and 6m @ 13.53g/t Au from surface, among others. These findings indicate potential for significant resource growth across several lode systems.
Future Development
The latest drill results will contribute to a second Mineral Resource upgrade and the upcoming Pre-Feasibility Study and maiden Ore Reserve, all scheduled for the second half of 2025. The ongoing 266-hole program aims to further enhance the resource base, with 57 holes for approximately 7,300m yet to be reported. Saturn Metals remains committed to expanding the Apollo Hill project, anticipating large-scale, low-cost mining operations.
Executive Comments
Managing Director Ian Bamborough stated, “The high-grade and thick results returned in this latest batch of assays continues to reinforce the significant endowment of the Apollo Hill gold system, including exciting extensional results that pave the way for future Resource growth at relatively shallow depths. With Saturn’s recent Resource upgrade surpassing the 2Moz mark, and with a backdrop of continuing high gold prices, drilling is ongoing. These new results will feed into a second consecutive Mineral Resource update for Apollo Hill this year, targeted for delivery early in the second half of 2025, which will in turn underpin our and Pre-Feasibility and maiden Ore Reserve Study which are also scheduled for completion later this year. We look forward to reporting additional rounds of assays on a regular basis over the coming months.”
Motley Fool contributor Kiarra Jackson 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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