Exploration Delays Loom as Saturn Metals Seeks Approvals for New Gold Tenement

Expanding the Gold Footprint

Saturn Metals Limited has announced compelling new results from regional aircore drilling at its Aquarius Prospect, part of the broader Apollo Hill Gold Project in Western Australia’s prolific Leonora district. The recent drilling campaign, comprising 83 holes over nearly 6,000 metres, has uncovered a parallel gold-bearing structure adjacent to the established Aquarius system, effectively widening the known gold trend to an impressive 26.5 kilometres.

This discovery is particularly significant as it lies within a newly pegged Exploration Lease (E39/2439), which covers ground previously held by Sumitomo Metal Mining Oceania Pty Ltd. Historical drilling data from Sumitomo, including diamond, reverse circulation, and aircore holes, corroborate the presence of substantial gold mineralisation, with intercepts such as 3 metres at 8.51 grams per tonne gold and 36 metres at 1.25 grams per tonne gold, underscoring the prospectivity of this extended strike.

Strategic Location and Regional Context

The Aquarius gold trend is strategically situated between Saturn’s flagship 2.03 million ounce Apollo Hill Mineral Resource and Northern Star’s Carosue Dam operations, two major gold camps in the region. This positioning enhances the potential for the Aquarius area to evolve into a significant second gold camp, complementing Saturn’s existing resource base and potentially contributing to the company’s growth trajectory.

Noteworthy recent aircore results from the Aquarius West Prospect include intercepts such as 12 metres at 0.72 grams per tonne gold, including 4 metres at 1.57 grams per tonne, indicating shallow, accessible mineralisation. These results, combined with the extensive strike length and historical data, provide a robust foundation for further exploration and resource definition.

Next Steps and Exploration Outlook

Saturn’s Managing Director, Ian Bamborough, emphasised the significance of these findings, highlighting the ongoing efforts to consolidate geological interpretations and identify prime drilling targets. The company is actively progressing land access and heritage matters for the new tenement, which will enable more detailed and targeted exploration activities.

While minor gold anomalism was detected at the Hermes Prospect, no immediate follow-up work is planned there, allowing Saturn to focus resources on the more promising Aquarius trend. The company has also outlined plans for further drilling at Apollo Hill to advance development and resource categorisation, alongside metallurgical and geotechnical studies as part of the project’s progression.

Overall, these developments mark an exciting phase for Saturn Metals as it expands its footprint in a world-class gold district, leveraging both new drilling and historical data to unlock additional value within its extensive land package.