Bonanza Gold Grades at Apollo Hill
| Stock | Saturn Metals Ltd (STN.ASX) |
|---|---|
| Release Time | 8 Apr 2026, 8:24 a.m. |
| Price Sensitive | Yes |
Bonanza Gold Grades Highlight Untapped Northern Potential at Apollo Hill
- Exceptional new shallow intercepts up to 4m @ 70.03g/t Au returned 200m north of the 2.24Moz Mineral Resource
- Bonanza 1m @ 277g/t Au intercept is the highest-grade assay ever recorded at Apollo Hill
- New results align with east-west trending mineralised zones, interpreted to repeat northwards
Saturn Metals Limited (ASX: STN) is pleased to report exceptional high-grade assay results from ongoing extensional resource development drilling at its flagship 100%-owned Apollo Hill Gold Project. The new drill results, combined with ongoing geological interpretation for Saturn's current Mineral Resource upgrade process and previously reported high-grade results, have shed new light on the northern extensional potential of the Apollo Hill gold deposit. Significant new shallow, high-grade drilling intersections returned at the northern end of the 2.24Moz Apollo Hill Deposit include 4m @ 70.03g/t Au from 54m including 1m @ 277g/t Au, and 18m @ 2.63g/t Au from 5m including 3m @ 13.57g/t Au. Coarse visible gold was observed in panned RC drill chips associated with the bonanza grade intercept. The bonanza 1m @ 277g/t Au intercept is the highest-grade assay ever recorded at Apollo Hill. All of the new results align with east-west trending mineralised zones, interpreted to repeat northwards from the Apollo Hill Mineral Resource. Given the alignment with other significant higher-grade intersections nearby, and the fact that the mineralisation remains open, this presents an exciting new opportunity for exploration and resource growth at Apollo Hill. A 10,000m drill program is currently underway to follow up on these new results, interpretations, and pattern recognition.
Saturn reports that it is not aware of any new information or data that materially affects the information included in the previous Mineral Resource and Ore Reserve announcements, and that all material assumptions and technical parameters underpinning the estimates continue to apply and there have been no adverse material changes.
With a 31 December reported cash position of $58.6 million, and next stage drill programs underway, Saturn is well funded to continue its exploration journey whilst it completes the Apollo Hill Definitive Feasibility Study scheduled for release later in CY2026.