For thousands of other reports visit RSC's Mineral Intellingence Map
Sultan Resources Ltd.
Summary
| Project: | Lake Grace | |
|---|---|---|
| Deposit: | Challenger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-7-2019: Sultan Resources Ltd. announces an Exploration/Drilling Update report for its Challenger deposit at the Lake Grace project. Drilling results incl. 13m @ 0.50g/t Au from 50m. The Board of Sultan Resources Ltd (Sultan or the Company) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Groves (Internal) | |
| ABSTRACT: | The Board of Sultan Resources Ltd (Sultan or the Company) is pleased to update shareholders on the ongoing exploration program at the Company’s Lake Grace Project located approximately 250km southeast of Perth, WA. The final composite gold assay results have been received from Reverse Circulation (RC) drilling program at the Challenger Gold Prospect in the company’s Lake Grace portfolio5 and comprehensive geophysical interpretations have been received for the magnetic survey flown over the area late in 2018. During March and early April, the Company completed 12 RC holes for 1,782m targeting a 1km long, >0.1g/t historic Au aircore gold anomaly at the Challenger Prospect 8km north of Lake Grace in southwest WA6 . The drill holes intersected numerous thick intervals of mafic granulite rock-types containing zones of strong sulphide mineralisation, similar in appearance to those that host gold mineralisation at the nearby 675koz Tampia2,4 and 1moz Katanning3 Gold Deposits. Samples of one metre intervals of prospective-looking mafic lithology were received in May8 and revealed a number of significant gold-mineralised intervals (Figures 1 & 2) that, together with the two historic diamond holes completed by North during the 1990s1 , define a >450m of strike of >0.5g/t Au bedrock intercepts with thicknesses generally in excess of 10m and a down plunge extent of over 200m8 . These results sit within a broader, low grade gold (i.e.>20ppb) envelope that is continuous for over 1km and displays a consistent thickness of up to 90m, indicating the scale of the gold mineralising event that has occurred at the Challenger Prospect. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report