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Sultan Resources Ltd.
Summary
| Project: | Lake Grace | |
|---|---|---|
| Deposit: | Challenger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/15/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-4-2020: Sultan Resources Ltd. announces an Exploration/Drilling Update report for its Challenger deposit at the Lake Grace project. Drilling results incl. 18m @ 0.42g/t Au from 58m. During February 2020, the Company completed 5 RC holes for 991m target | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Groves (Internal) | |
| ABSTRACT: | During February 2020, the Company completed 5 RC holes for 991m targeting peak gravity anomalies in positions down dip and along strike of the Challenger gold mineralisation discovered by the Company in 20198. The drill program was designed to test the anomalies revealed by the Company’s recent ground gravity survey at Lake Grace6 where three-dimensional inversion modelling undertaken on the gravity data showed peak density bodies that appear geophysically similar to the sulphidic mafic gneiss that hosts the bulk of gold mineralisation at the nearby Tampia deposit4. Drilling by Sultan in 2019 intersected sulphidebanded mafic gneiss hosting gold mineralization dipping shallowly towards the gravity anomalies defined by the ground gravity survey5. All holes drilled in the recent program intersected very thick down-hole intervals (up to at least 191m) of mafic material displaying persistent zones of disseminated sulphides and numerous intervals of granular quartz-rich bands often displaying sulphidic margins with the mafic rocks. The company has now received the gold fire assay results from the 4m composite samples, which show a number of significant gold-mineralised intervals that are similar in thickness and tenor to those revealed in the initial drilling campaign by Sultan in 2019. | |
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