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Sultan Resources Ltd.
Summary
| Project: | Lake Grace | |
|---|---|---|
| Deposit: | Lake Grace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2019: Sultan Resources Ltd. announces an Exploration/Drilling Update report for its Lake Grace deposit at the Lake Grace project. Drilling results incl. 8m @ 0.75g/t Au from 73m. During March and early April, the Company completed 12 RC holes for 1,7 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Groves (Internal) | |
| ABSTRACT: | 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. Priority was given to sampling one metre intervals of prospective-looking mafic lithology which were submitted to an independent laboratory for fire assay gold analysis. All other drilled intervals were sampled as 4m composites and are still undergoing analysis. The company has now received the gold fire assay results from the 1m samples, which show a number of significant gold-mineralised intervals (Table 1, Figures 1 and 2) that are similar in thickness and tenor to the two historic diamond holes completed by North during the 1990s1 .\ | |
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