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Sultan Resources Ltd.
Summary
| Project: | Thaduna | |
|---|---|---|
| Deposit: | Thaduna | |
| Location: | Australia | |
| Commodities: | Copper-Silver-Zinc-Lead-Cobalt-Gold | |
| Date: | 12/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2018: Sultan Resources Ltd. announces an Exploration/Drilling Update report for its Thaduna deposit at the Thaduna project. Drilling results incl. 47m @ 53ppb from 0m. The Board of Sultan Resources Ltd (Sultan or the Company) is pleased to announce | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steven Groves (Internal) | |
| ABSTRACT: | The Board of Sultan Resources Ltd (Sultan or the Company) is pleased to announce that all results from the maiden 2,797m aircore drilling program undertaken at the Company’s Thaduna prospect in November (see ASX Announcement 9/11/2018) have now been received. The Thaduna Prospect is located in the Meekatharra area of Western Australia and is situated adjacent to Lodestar Mineral’s Ned’s Creek Gold discovery (see LSR ASX Announcement on 03/08/2018) and along strike to the northeast from Sandfire Resources’ Enigma Copper Project (See SFR Announcement on 25/10/2018). The drilling program included 71 vertical aircore holes and was undertaken as a first pass assessment of licence E42/3481 to understand the geological setting and ascertain the location and tenor of any gold or base metal occurrences. The program successfully identified a number of very strong exploration targets with a prominent, 1km long gold anomaly occurring coincident with Archaean greenstones in contact with granites in the north of the licence as well as a NE-SW trending, widespread multi-element base metal anomaly trending for over 1.5km diagonally across the licence. Both anomalies show strong similarities in geological setting and the element association to results from exploration that led to the discovery of nearby significant gold and base metal mineralisation such as Lodestar’s Ned’s Creek Gold and Sandfire Resources Enigma Project. Results - Gold Drill holes in the north of the licence returned widespread gold anomalism from predominantly Archean greenstones, particularly in the contact zone with granitic intrusions. Significant results include: | |
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