Saturn Metals Identifies Parallel Gold Structure Near Prospect at Western Australia Gold Project

Saturn Metals (ASX:STN) said aircore drill results from drilling near the Aquarius prospect highlighted a parallel gold structure to the gold system at the prospect at its Apollo Hill gold project in Western Australia, according to a Thursday Australian bourse filing.

Significant intercepts encountered during the drilling included 12 meters at 0.72 grams per tonne grade of gold from 40 meters, and eight meters at 0.35 g/t grade of gold from 56 meters.

The firm is consolidating its geological interpretation of this area to identify the best drilling opportunities.

It also applied for the tenement E39/2439, which has an area of 135 square kilometers, covering adjoining ground previously held and explored by Sumitomo Metal Mining Oceania.

Its shares fell 3% on market close.