Saturn Metals Unveils Robust Gold Intercepts at Apollo Hill, Eyes Resource Expansion
Saturn Metals reports strong high-grade gold drilling results at Apollo Hill, reinforcing its 2.03 million ounce resource and setting the stage for a resource upgrade and feasibility studies later this year.
- High-grade, thick gold intercepts confirm Apollo Hill’s 2.03Moz resource quality
- 68 drill holes totaling 15,523 meters reported from ongoing 266-hole program
- Results support large-scale, low-cost bulk mining and heap leach processing
- Second Mineral Resource upgrade, Pre-Feasibility Study, and maiden Ore Reserve planned for H2 2025
- Drilling continues to target resource growth and conversion
Strong Intercepts Reinforce Apollo Hill’s Potential
Saturn Metals Limited has released compelling assay results from its flagship Apollo Hill Heap Leach Gold Project in Western Australia, highlighting the robustness of its 2.03 million ounce gold Mineral Resource. The latest batch of drilling, comprising 68 holes and over 15,500 meters, delivered thick and high-grade gold intercepts that underscore the deposit’s amenability to large-scale, low-cost bulk mining and heap leach processing.
Notable intercepts include 16 meters at 6.35 grams per tonne gold from 56 meters depth and a surface intercept of 6 meters at 13.53 grams per tonne. These results not only confirm the continuity of mineralisation within the hanging-wall lode systems but also reveal exciting extensional zones that could significantly expand the resource base.
Ongoing Drilling and Upcoming Milestones
The reported results form part of a larger 266-hole, 50,700-meter drilling campaign aimed at resource growth and conversion. With 57 holes still to be reported, Saturn is maintaining a steady pace of exploration to build on the recent resource upgrade that pushed Apollo Hill beyond the 2 million ounce mark earlier this year.
These new assay results will feed into a second Mineral Resource update targeted for release in the second half of 2025. This update will underpin the company’s Pre-Feasibility Study (PFS) and maiden Ore Reserve, both scheduled for completion later in the year. Saturn’s Managing Director, Ian Bamborough, emphasised the significance of these results in reinforcing the project’s scale and economic potential amid a favourable gold price environment.
Strategic Positioning and Future Prospects
Apollo Hill’s location near Leonora in Western Australia, combined with its large tonnage and simple metallurgy, positions it well for development as a low-strip open pit operation. The project benefits from solid infrastructure and proximity to other significant gold deposits, enhancing its appeal.
Beyond Apollo Hill, Saturn also holds an option to earn an 85% interest in the West Wyalong Project in New South Wales, which offers high-grade vein gold exploration potential. However, Apollo Hill remains the company’s primary focus as it advances through critical development milestones.
With ongoing drilling, planned metallurgical and geotechnical studies, and a clear pathway to resource expansion and feasibility, Saturn Metals is steadily advancing Apollo Hill towards production readiness.
Bottom Line?
Apollo Hill’s latest drilling success sets a strong foundation for Saturn Metals’ upcoming resource upgrade and feasibility milestones, keeping investors keenly watching the project’s evolution.
Questions in the middle?
- How will the upcoming Pre-Feasibility Study impact Apollo Hill’s project economics and development timeline?
- What potential does the extensional drilling have to materially increase the current 2.03Moz Mineral Resource?
- How might ongoing metallurgical and geotechnical studies influence mining and processing strategies?
