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Highlights
Saturn shares rose 12.5% to 38.3 cents on Friday morning after encouraging gold drilling results.
Drilling returned standout intercepts including 14m @ 6.38g/t Au and 6m @ 13.53g/t Au from surface.
Results to feed into 2H 2025 Mineral Resource update and upcoming Pre-Feasibility Study.
Saturn Metals Limited (ASX:STN) has announced a set of encouraging assay results from its ongoing Resource development drilling program at the 100%-owned Apollo Hill Heap Leach Gold Project in Western Australia, driving a 12.5% surge in the company’s share price to 38.3 cents on Friday morning.
The latest results from 68 reverse circulation (RC) drill holes totalling 15,523 metres continue to validate Saturn’s bulk tonnage, low-cost heap leach strategy. Significant intercepts further confirm both grade continuity and growth potential within the Apollo Hill deposit.
Exceptional Intercepts Support Development Plans
Drilling results highlighted several thick, high-grade gold zones across multiple lode systems, reinforcing Apollo Hill’s suitability for large-scale open-pit mining. Key intercepts reported include:
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14m @ 6.38g/t Au from 184m, including 7m @ 12.38g/t Au – AHRC1174
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6m @ 13.53g/t Au from surface – AHRC1222
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16m @ 6.35g/t Au from 56m within 27m @ 4.05g/t Au – AHRC1220
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8m @ 3.70g/t Au from 266m within 61m @ 0.81g/t Au – AHRC1197
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10m @ 2.04g/t Au from 232m within 30m @ 0.97g/t Au – AHRC1158
These results demonstrate potential for further resource expansion, with extensional and infill drilling enhancing geological confidence and delineating additional mineralised zones. A total of 266 holes covering 50,700 metres have been drilled in the recent campaign, with results from 57 holes still pending.
Next Steps: Resource Update and Pre-Feasibility Study
The latest drill data will feed into Saturn’s upcoming Mineral Resource update, scheduled for release in the second half of 2025. This update will follow the February 2025 Mineral Resource estimate, which currently sits at 2.03 million ounces of gold.
Additionally, these results are expected to support the company’s ongoing Pre-Feasibility Study (PFS) and the definition of a maiden Ore Reserve, both targeted for completion later in 2025.
Diamond drilling continues at Apollo Hill alongside RC drilling, with a focus on increasing Resource conversion and identifying additional mineralised extensions within the Apollo Hill system.
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