Sultan Resources Ltd (ASX:SLZ), the diversified Gold and base metals explorer, updated on the activities for the June quarter.
An initial soil and rock chip sampling program was initiated at the Sultan’s new Lachlan Fold Belt project in the Macquarie Arc. Geochemical anomalies with high grade Gold results at the Big Hill and Tucklan deposits were announced with the assay results for the Ringaroo announced in July.
Subsequent to the June quarter, the soil sampling results from the Ringaroo prospect identified numerous anomalies along the N-S trending 1.0km x 0.40km anomaly resulted in gold and copper grades of >3.1 ppb Au and >94 ppm Cu.
Sultan in April received the 4m-composite assay results for the drilling activities conducted at the Lake Grace project during the March quarter. A 5 holes RC drilling program was completed along the strike of the Challenger deposit. The assay results displayed gold-mineralised intervals in coherence to the initial drilling results of 2019.