Source: Sultan Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Sultan Resources (SLZ) is set to begin diamond drilling at its Razorback Ridge Gold-Copper Prospect in New South Wales
  • Up to nine holes will be drilled across three sites to test the tenor and width of the outcropping gold-copper mineralisation beneath the surface
  • All regulatory approvals, drill contracts and landowner compensation agreements have been finalised with work scheduled to begin by mid-October
  • Sultan has also received results for three recently drilled holes at Big Hill with elevated copper and pathfinder elements intersected
  • Shares in Sultan are steady on the market and are trading at 16 cents at 2:03 pm AEST

Sultan Resources (SLZ) is set to begin diamond drilling at its Razorback Ridge Gold-Copper Prospect.

The Razorback Ridge Prospect is part of the Big Hill Gold-Copper Porphyry Project which lies within Sultan’s Lachlan Fold Belt portfolio in New South Wales.

Up to nine holes will be drilled across three sites to test the tenor and width of the outcropping gold-copper mineralisation beneath the surface.

Drilling will be undertaken by a track-mounted diamond rig to minimise any environmental impact.

All regulatory approvals, drill contracts and landowner compensation agreements have been finalised, with work scheduled to begin by mid-October.

Maiden drilling at Big Hill intersected intricate hydrothermal alteration determined to be the out part of a copper-gold porphyry system.

This drilling also intersected multiple zones of dispersed pyrite as well as up to 2.25 grams of gold per tonne (g/t) and 2.65 per cent copper.

Sultan has also received results for three recently drilled holes at Big Hill.

As expected, elevated copper and pathfinder elements were intersected, which strengthens the prospectivity of the area.

Copper grades averaged roughly 100 parts per million (ppm) with a peak of 385ppm.

Shares in Sultan were steady on the market and are trading at 16 cents at 2:03 pm AEST.

SLZ by the numbers
More From The Market Herald
Ten Sixty Four (ASX:X64) - Outgoing Managing Director, Paul Ryan Welker

" Ten Sixty Four (ASX:X64) terminates services agreement of former MD, Paul Ryan Welker

Ten Sixty Four (ASX:X64) has terminated the executive services agreement of former Managing Director Paul Ryan…

" Flynn Gold (ASX:FG1) intersects high-grade gold from maiden Trafalgar drilling

Flynn Gold (ASX:FG1) has intersected up to 52.20g/t gold under the maiden drilling program at the…
The Market Herald Video

" BBX Minerals (ASX:BBX) receives assays from Três Estados, announces $2.13m placement

BBX Minerals (ASX:BBX) has received assay results from holes TERC-006 and TED-009 at the Três Estados…

" Golden State Mining (ASX:GSM) completes drilling at Four Mile Well project, WA

Golden State Mining (ASX:GSM) completes air-core drilling at the Four Mile Well gold project near Laverton…