Sultan gears up for the next big discovery in the Lachlan Fold Belt

  • Jul 01, 2020 AEST
  • Team Kalkine

Sultan Resources Ltd (ASX:SLZ) released a presentation on the Macquarie Arch Gold-Copper Porphyry project in the world renowned Lachlan Fold Belt.

The rock chip sampling and assaying program uncovered-

Big HIll

  • High grade samples with 24.6g/t Au & 26.1% Cu
  • Large Cu-Au anomaly


  • Large 3.5 x 2.5km anomaly coinciding with the K radioactive anomalies

Ringaroo Target

  • Magnetic anomalies coinciding with historical workings

Additionally, Sultan plans to accelerate the IP plans by August, geochemical and geophysical analysis by October and then to proceed with permitting and finally to the proposed initial drilling program in November-December 2020.

Sultan is well placed both financially ($2 million in cash at bank) and technologically to proceed with the Gold project.

Sultan traded at $0.14 a share on 1 July 2020, with a market capitalization of $8.5 million.


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