Apollo Hill delivers lustrous drilling results

Saturn Metals (ASX: STN) have announced notable drilling results from its flagship Apollo Hill gold project that indicates significant potential for future growth.

The announcement includes results from 41 drill-holes and 8,816m of assays from drilling completed at the site.

Highlights of the results include:

• 41m at 1.92g/t gold from 248m including 10m at 4.12g/t gold from 268m
• 21m at 1.79g/t gold from 116m including 8m at 4.05g/t gold from 123m

These results will contribute towards a second mineral resource estimate (MRE) upgrade, a maiden ore reserve and a pre-feasibility study later this year.

A further 20,000m of drilling will be completed at the site, located approximately 650km northeast of Perth in WA, over the next month.

The previous MRE sits at 118.7 Mt at 0.53g/t gold for more than 2Moz of gold.

Saturn Metal’s managing director Ian Bamborough said that the high-grade results seen in this batch of assays continue to reinforce the significant endowment of Apollo Hill and its suitability for bulk mining.

“Once again, where we have tested the extensional frontiers of the deposit, the recent drilling has produced an excellent intersection, paving the way for further resource growth,” he said.

“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 against the backdrop of record gold prices.

“Drilling continues around the clock with four rigs currently operating on site, and the results will feed into a second consecutive resource upgrade, targeted for the second half of 2025.

“We look forward to reporting additional rounds of results on a regular basis over the coming months.”