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Saturn Metals ups Apollo Hill resource estimate to 781,000 gold ounces

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Saturn Metals ups Apollo Hill resource estimate to 781,000 gold ounces

Saturn Metals Ltd. said Oct. 14 that it estimated higher indicated and inferred mineral resources of 24.5 million tonnes grading 1.0 g/t gold for 781,000 ounces of gold at a cutoff grade of 0.5 g/t gold for its Apollo Hill project in Western Australia, from the previous estimate of 20.7 million tonnes grading 1.0 g/t gold for 685,000 ounces of gold.

Based on additional drilling, a total of 9.2 million tonnes grading 1.0 g/t gold for 298,000 ounces is now classified as an indicated mineral resource, representing 38% of the total mineral resource and a 250% increase from the previous indicated mineral resource.

The company said it added 276,000 ounces to the Apollo Hill mineral resource in about 18 months, with 28,000 meters of reverse circulation and diamond drilling.

Saturn kicked off a maiden drill program at Apollo Hill in January.