Market Herald logo


Be the first with the news that moves the market
  • Sultan Resources (SLZ) has defined a 1.5 by 0.30 kilometre gold in soil anomaly at its Tucklan Project in New South Wales
  • This high priority target is located 45 kilometres northeast of Alkane Resources’ Boda discovery and is yet to be drilled
  • This gold target has been discovered through an ongoing soil and rock chip sampling program
  • Best first pass rock chip results include 1.11 grammes per tonne gold and 0.48 grammes per tonne gold
  • Next steps include an induced polarisation (IP) survey and further sampling to better define drill targets
  • Sultan’s shares are up 3.45 per cent and are trading for 15 cents each

Sultan Resources (SLZ) has released results from the first soil and rock chip sampling program across the Tucklan Project in New South Wales.

The Tucklan Project is located within Sultan’s Lachlan Fold Belt Porphyry gold and copper projects. Significantly, it lies just 45 kilometres northeast of Alkane Resources’ Boda discovery and is hosted in similar Macquarie Arc geology.

The ongoing sampling program is aimed at identifying drill targets with high potential to host porphyry-style gold and copper and epithermal gold mineralisation across the three target of Big Hill, Ringaroo and Tucklan.

At Tucklan, geological mapping, soil and rock chip sampling has initially targeted a prominent magnetic feature coincident with a strong potassium radiometric anomaly and a line of historical gold workings.

Significant gold rock chip results include 1.11g/t gold, 0.25g/t gold, 0.14g/t gold, 0.48g/t gold and 0.27g/t gold.

The soil sampling across a 100 metre by 100 metre grid has defined a 1.5 kilometre by 0.30 kilometre, northwest-southeast striking gold in soil geochemical anomaly.

This anomaly is showing gold values consistently greater than 7.2 parts per billion (ppb) gold. A higher grade 700 metre by 300 metre gold soil anomaly core is evident, returning values up to 613ppb gold. The gold in soil anomaly is open to the southeast.

Semi-coincident with the gold in soil anomaly is a series of zoned pathfinder soil geochemical anomalies that indicate a large-scale hydrothermal gold system.

The historical gold workings associated with the gold in soil anomaly include a number of prospecting pits and a shallow shaft and adit. These form part of the under-explored, historic Tucklan Goldfield.

The high priority Tucklan gold target remains undrilled and several high priority magnetic highs and lows remain unexplored.

The company will conduct follow up exploration activities including geochemical mapping, rock and soil sampling, petrology, and high resolution induced polarisation (IP) surveys.

Sultan’s shares are up 3.45 per cent and are trading for 15 cents each at end of day.

SLZ by the numbers
More From The Market Herald
MRG Metals (ASX:MRQ) - Chairman and Non Executive Director, Andrew Vanderzwan

" MRG Metals (ASX:MRQ) confirms high-grade zones at Koko Massava

MRG Metals (MRQ) has released some assay results from a 34-hole aircore drilling program conducted at the Koko Massava prospect in Mozambique.
Bryah Resources (ASX:BYH) - Managing Director, Neil Marston

" Bryah Resources (ASX:BYH) confirms multiple gold targets at Gabanintha

Bryah Resources (BYH) has released the first results from an aircore drilling program at the Lady Alma Layered Igneous Complex within the Gabanintha
White Rock Minerals (ASX:WRM) - Managing Director, Matt Gill

" White Rock Minerals (ASX:WRM) begins diamond drilling at Morning Star

White Rock Minerals (WRM) has begun a major underground diamond drilling program at the Morning Star gold mine.

" Hawsons Iron (ASX:HIO) updates mineral resource for namesake project

Hawsons Iron (HIO) has reported an increase in indicated and inferred resources for its namesake project in New South Wales following a mineral