Sultan Resources Ltd (ASX:SLZ), the new entrant to the Lachlan Fold Belt, announced the soil and rock chip assay results from the Tucklan prospect. The current exploration program is targeted to identify the priority drilling targets with potential to hold high tenor Au-Cu porphyry with epithermal gold mineralisation at the Big Hill, Tucklan and Ringaroo deposits.
Variable Gold Soil Map Source: Sultan Resources
The Rock chip samples from the volcanogenic rocks at the Tucklan deposit resulted in high order mineralisation with 1.11g/t Au, 0.25g/t Au, 0.14g/t Au, 0.48g/t Au & 0.27g/t Au. The results from the Big Hill deposit were released just last week. Sultan holds over $2 million in cash to fund further exploration programs at the Macquarie Arc project.