Sultan (ASX:SLZ) hits Kulin nickel target

Sultan Resources’ early stratigraphic diamond drill hole results confirm a significant thickness of ultramafic target rock ideal for hosting a significant nickel deposit at its Kulin Hill in Western Australia’s eastern Wheabelt.

The ultramafic/mafic sequence in the main target areas shows an extension 256m downhole before a series of felsic and mafic gneisses intersected.

A total of 160 samples were selected and processed for geochemical analysis and sent to one of the main accredited laboratories in Perth.

The highly anticipated initial encouraging signs come following a frustrating wait for the company while waiting for the waterlogged salt lake target area to dry out, delaying access.

While waiting, the technical team designed a geophysics programme over parts of the salt lake reserve which would be the precursor to a wider drill programme testing the prospect.

“A detailed assessment of the geochemistry is currently underway, with results of this analysis expected in the coming weeks,” the Company said.

Sultan’s Lake Grace portfolio of tenements about the tenement 1positions of Anglo American (blue outline), Impact Minerals (maroon outline) and the Gold Road Resources/Cygnus Gold JV (orange outline). Sultan’s tenure lies within an interpreted mobile zone prospective for Ni-Cu mineralisation as postulated by Impact Minerals Ltd (see Impact Minerals announcement dated 10/06/2020). The Kulin Hill Project is situated at the northernmost end of Sultan’s tenure on this map.

SULTAN FPO [SLZ]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Sultan Resources Limited explores for and develops mineral properties in Australia and Canada. It primarily explores for gold, lithium, platinum group elements, copper, nickel, and cobalt deposits. Sultan Resources Limited was incorporated in 2018 and is based in Subiaco, Australia.

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SULTAN FPO [SLZ]

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