Sultan Resources progresses drilling and IP survey across primary NSW Lachlan Fold Belt copper-gold targets

Sultan Resources ASX SLZ porphyry epithermal gold exploration program Lachlan Fold Belt Tucklan Big Hill
An IP survey at Big Hill will underpin drilling later in 2021, while a diamond rig has been mobilised to Tucklan.

Sultan Resources (ASX: SLZ) is progressing exploration across its gold and copper assets in New South Wales’ Lachlan Fold Belt.

The company’s induced polarisation survey contractor Fender Geophysics has mobilised its crew to continue with the IP program at Sultan’s Big Hill and Gowans Green targets, which are part of the wider Big Hill project.

Sultan describes Big Hill and Gowans Green as “exceptional” porphyry and skarn gold-copper targets.

The IP survey will comprise four north-south 4.6km-long lines.

It is designed to locate deep copper targets and will underpin the drilling program which is scheduled to begin in the first half of this year.

Tucklan exploration

Over at Sultan’s Tucklan gold project, drilling began in late 2020 to test IP anomalies beneath strong surface gold and copper geochemistry.

The maiden program was planned to comprise 3,800m of reverse circulation drilling for up to 12 holes.

Sultan noted drilling conditions at Tucklan proved “challenging” with an RC rig, with the initial five holes producing large amounts of water which compromised sample quality.

One hole was completed to the designated depth with the rest terminated early.

Sultan plans to follow up the uncompleted holes with diamond core tails.

The company has now mobilised a diamond rig to the project, which will begin completing the tails over the strongest IP anomalies.

Initially, Sultan will undertake two diamond tails then await assays from all drilling at Tucklan so far.

The results will assist Sultan with refining further drilling at the project.

Lachlan Fold Belt assets

Sultan officially cemented its ownership of Tucklan, Big Hill and Ringaroo in the Lachlan Fold Belt in June last year.

The tenement package spans 330 square kilometres in the region and is close to Alkane Resources’ (ASX: ALK) Boda discovery.

Drilling at Boda unearthed a whopping 1,167m intercept grading 0.55 grams per tonne gold and 0.25% copper.

Within that intercept was a 96.8m interval grading 3.97g/t gold and 1.52% copper.

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