The best hit reported was 54m grading 3.72 grams per tonne gold from 43m, while the recently upgraded resource at the project is 35.9 million tonnes at 0.8gpt for 944,000 ounces of gold.

Saturn has now completed 30,000m of RC drilling since the last resource upgrade (in January), with a further 30,000m planned across the project in the coming months.

In February Saturn said it planned to spend about A$8 million on exploration over a six month period.

Saturn promotes Apollo Hill as being a simple, big, low strip, low unit cost, open cut development.

Saturn had cash at the start of 2021 of $12.5 million.

Shares Saturn were up 9.5% to 40.5c in afternoon trade, capitalising the company at $44 million.