- Sultan Resources (SLZ) has received results from extension soil and rock chip sampling programs at the Big Hill gold-copper porphyry project
- The aim of these programs is to identify drill targets that have a high potential to host gold-copper mineralisation
- Results peaked at 2.25g/t gold and 2.65 per cent copper which resulted in the identification of two large-scale, open, high-order gold and copper soil anomalies
- Furthermore, Sultan has successfully submitted an application for further tenure between the Big Hill and Ringaroo targets
- This application is still being processed and is pending grant from the NSW Department of Planning and Environment
- Sultan has ended the day 4.35 per cent in the green with shares trading for 24 cents each
Sultan Resources (SLZ) has received results from extension soil and rock chip sampling programs at the Big Hill gold-copper porphyry project.
The aim of these programs is to identify drill targets that have a high potential to host gold-copper mineralisation.
Results peaked at 2.25g/t gold and 2.65 per cent copper.
This work has resulted in the identification of two large-scale, open, high-order gold and copper soil anomalies.
The first anomaly, Razorback Ridge, measures 500 metres by 200 metres and covers a prominent zone of outcropping copper and gold mineralisation to the southeast of Big Hill.
Mineralisation at Razorback Ridge is hosted in quartz sulphide vein showing iron carbonate, chlorite and sulphide altered limestone and mafic volcanics.
The second anomaly measures 2.2 kilometres by 500 metres and lies directly east of Big Hill.
“Sultan’s methodical approach and boots on the ground exploration strategy has again paid off, revealing Razorback Ridge: outcropping chalcopyrite, malachite, chalcocite with good gold over a kilometre long, and unreported by previous explorers,” Chairman Jeremy King said.
“Razorback adds even more compelling ingredients to our Big Hill Porphyry Target, giving us more confidence to fast track further exploration not only around Big Hill and Razorback but at Ringaroo and Tucklan where we eagerly await IP and soil results,” he added.
Furthermore, Sultan has successfully submitted an application for further tenure between the Big Hill and Ringaroo targets.
This application is still being processed and is pending grant from the NSW Department of Planning and Environment.
Sultan has ended the day 4.35 per cent in the green with shares trading for 24 cents each in a $13.48 million market cap.