Monday 26th September 2016

Resource Clips



Sultan Minerals’ Marc Lee on assays of 66.83 g/t over 2m

“There has been extensive work done on the property before—we had a joint venture with Kinross several years ago—and from that we managed to come out with a resource of almost 750,000 ounces gold at about 1 g/t in all categories. It’s a large deposit that’s close to surface, so it is open-pittable.

“With the recent news release, we’ve confirmed that there’s a new high-grade corridor which lies a little to the west of where we’ve drilled before. The corridor is about two metres in width with an average of about 15 g/t gold. It looks exciting for us because not only do we have a large, low-grade deposit that’s open-pittable, we also have a high-grade zone. So we’re quite pleased with the results. And we’ve got a couple of drill holes left to go. A couple of them are in a copper zone just to the south of the gold zone which could be quite interesting as well. We had geologist Jim Oliver do a structural mapping report for us last year, and he suggested that there is potential for a large copper-porphyry style deposit there as well.

“Moving forward, we’re looking to do more exploration and we’re also looking for possible joint-venture partners to help develop the property. It’s a fairly large property, and the potential there is very good for a multimillion-ounce deposit.”

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