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Saturn Metals Ltd

Saturn Metals assays up to 53.7 g/t gold in first batch of results

The high-grade results bode well for a future resource upgrade.

rc drill rig on site
Drilling continues at Apollo Hill with more assays expecting over the coming weeks

Saturn Metals Ltd (ASX:STN) has received results for 13 holes from the 48-hole program underway at its Apollo Hill Gold Project near Leonora in Western Australia.

Results which feature 10 metres at 5.78 g/t gold have clearly defined a new higher grade lode in the hanging wall of the current resource model.

Other intersections continue to identify and extend zones of improved grade as well as extend thick and higher grade zones of mineralisation towards the surface.

Importantly, the results highlight the potential to increase the scale and quality of the current 685,000-ounce resource grading 1.0 g/t gold.

READ: Saturn Metals spins diamond drill bit at Apollo Hill

Saturn’s managing director Ian Bamborough said: “We are increasingly pleased with the results we are seeing from Apollo Hill.

“The new data is further evidence of the higher-grade architecture within the growing Apollo Hill gold system.

“We look forward to following up on these exciting developments with vigour, and to incorporating these results, and the results of our ongoing drilling, into our next resource update planned for mid to late 2019.”

More drilling planned in coming months

Saturn is planning to complete another 6,000 metres of drilling at Apollo Hill in the coming months.

Assay results from the drilling program will be reported as received in the coming weeks.

Drill results relative to the published resource

Drilling results are extending the mineralisation in new directions away from the current resource.

The program continues with about 20 holes still to be drilled and 13 holes which are complete and assays pending.

Quick facts: Saturn Metals Ltd

Price: $0.48

Market: ASX
Market Cap: $34.76 m
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