Drill rig at the Kulin Hill project, WA. Source: Sultan Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • After receiving positive aircore drill results earlier this year, Sultan Resources (SLZ) has begun diamond drilling at its Kulin Hill nickel project in Western Australia
  • A single drill hole will seek to provide a better understanding of the layered ultramafic stratigraphy and to test for sulphide minerals
  • The drill hole will target a depth of more than 500 metres, making it the deepest hole to be drilled at Kulin Hill
  • Sultan is in negotiations to access the full length and breadth of the body, some of which extends beneath a salt lake
  • Sultan shares were up 5 per cent to close at 10.5 cents

After receiving positive aircore drill results earlier this year, Sultan Resources (SLZ) has begun diamond drilling at its Kulin Hill nickel project in Western Australia.

Previous work confirmed over two kilometres of strike of a thick mafic-ultramafic sequence containing historically reported nickel-bearing sulphides at Kulin Hill which elevated the prospect to be Sultan’s priority exploration target.

Now, a single drill hole will seek to provide a better understanding of the layered ultramafic stratigraphy and to test for sulphide minerals.

The drill hole will target a depth of more than 500 metres, making it the deepest hole to be drilled at Kulin Hill.

It is collared in the vicinity of the previously drilled aircore holes and is directed towards the southeast to target a strong magnetic body identified by 3D inversion modelling.

Sultan is in negotiations to access the full length and breadth of the body, some of which extends beneath a salt lake.

A work program consisting initially of electromagnetic techniques such as fixed loop electromagnetics or magnetotellurics will be undertaken to detect any areas of strong conductance that might mark the location of sulphide accumulation.

Any conductors identified will be ranked and the priority targets drilled with either reverse circulation and/or diamond methods.

Sultan shares were up 5 per cent to close at 10.5 cents.

slz by the numbers
More From The Market Online

Listen: HotCopper Wire Podcast #043 – BHP gets the last laugh at bourse top as cracking Feb earnings peak

In this week’s HotCopper Wire episode, Isaac McIntyre and Jonathon Davidson keep rolling on with earnings, starting with BHP (ASX:BHP) reclaiming its
The Market Online Video

Paradigm chief Paul Rennie on IPPS blockbuster potential, 50% phase three milestone

Welcome to the latest HotCopper Capital Compass, where we’ve this week spoken to Paradigm Biopharma (ASX:PAR) founder and managing director Paul Rennie

‘Encouraging confirmation’: Dalaroo validates high-grade gold potential at new Côte d’Ivoire project

Dalaroo Metals is ramping up early-stage exploration at its Bondoukou gold project in Côte d’Ivoire, West…
The Market Online Video

Market Open: Middle East conflict into second week; stock dump continues, Brent keeps booming | March 9

ASX today – The hurt keeps coming in Week 11, with the U.S.-Israeli-led conflict in the…