Saturn Metals Limited Unveils Breakthrough Iris Zone at Apollo Hill with 350m High-Grade Gold Drilling Driving 2.03Moz Resource Update and PFS Prospects

Tuesday, July 1, 2025
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9:05 am
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Saturn Metals Limited revealed impressive RC drilling results at its Apollo Hill project. A new, high-grade “Iris Zone” was identified, featuring thick, shallow gold intersections over a 350m strike length, signaling strong potential for resource expansion and future growth.

Saturn Metals Limited has reported encouraging drilling results from its flagship Apollo Hill Heap Leach Gold Project near Leonora, Western Australia. Recent reverse circulation drilling at the southern end of the project has outlined a new high-grade mineralised area, dubbed the “Iris Zone.” The company’s results include thick, relatively shallow intersections of gold mineralisation that reinforce the potential of the Apollo Hill Footwall Structure. Notable intercepts include an 11‐meter section grading 6.29 grams per tonne gold, nested within a broader 38-meter interval averaging 2.18 g/t, alongside several other strong intercepts such as 10 meters at 6.11 g/t gold and 8 meters at around 5 g/t gold. These intersections, clustered over an initial 350-meter strike length along a major structural corridor, indicate that the mineralisation is open both down plunge and along strike. The drilling program, which encompassed 55 holes over 7,033 meters, has delivered numerous intersections with gold grades ranging from approximately 1 to 7 g/t and widths varying from 4 meters to over 30 meters. The technical data, illustrated in detailed geological cross-sections and plan views provided by Saturn Metals Limited, suggest a repetition of this higher-grade mineralisation across a potential 2.5-kilometer strike length. These results are the final set from a larger 266-hole, 50,700-meter program and are expected to contribute to a forthcoming Mineral Resource update, a Pre-Feasibility Study, and a maiden Ore Reserve scheduled for later in 2025. Market sentiment surrounding these results appears cautiously optimistic. On the bullish side, the discovery of the Iris Zone and its substantial high-grade intersections elevate the project's growth potential and underpin a strategy for further step-out drilling. The technical indicators, including significant intercept lengths and promising grade averages, may drive investor confidence in the potential for resource expansion. Conversely, the exploratory nature of these results means that risks remain typical of early-stage mining ventures. The open nature of the intercepts along the strike and down plunge suggests that further drilling is needed to fully delineate the deposit, leaving room for caution among more risk-averse traders.

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