Sultan Resources (ASX:SLZ) identifies ultramafic rock outcrops at the Lake Grace project

Sultan Resources Ltd (ASX:SLZ) announced that the initial reconnaissance exploration confirmed the presence of outcropped ultramafic rocks at the Lake Grace project.

The Rock chip samples from the sub-outcropping rocks were collected and have been submitted to the laboratory. The historical exploration had identified ultramafic rocks hosting nickel and sulphide mineralisation. The strong geophysical evidence suggests a strike length more than 25 kilometres across the Lake Grace portfolio.

Upon the completion of crop harvesting and the finalisation of access agreements with the landowners, the next phase of exploration program, including the geochemical sampling program will commence.

Sultan Resources traded at $0.25 a share on 23 November 2020 (12:07 PM AEDT).

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK