SULTAN RESOURCES LTD (ASX:SLZ) - IPO - Sultan Resources Ltd, page-74 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by bhavdip143 ↑

As per prospectus

"The Company will commence exploration shortly after the proposed ASX listing :

1. East Tallering Project – Percussion drilling programs to test bedrock gold mineralisation as indicated by historic aircore drilling and geophysical anomalies;

2. Dalwallinu – Aircore and/or percussion drilling targeting structurally-hosted high-grade gold shoots similar to the nearby Pithara Gold Deposit; and

3. Thaduna Project – Aircore and/or deeper percussion drilling to determine the Project’s potential to contain structurally hosted gold mineralisation and/or VMSstyle base metal mineralisation.

The Projects cover a material ground holding of approximately 946 km2 in emerging terrains targeted by successful mid-tier explorers such as Sandfire Resources Ltd (ASX: SFR) ( 1200 Mil Mcap ) and Gold Road Resources Ltd (ASX: GOR) (600 Mil Mcap ). In addition, junior explorers such as Cygnus Gold Ltd (ASX: CY5) and Lodestar Minerals (ASX: LSR) are conducting successful explorations programs in the regions.

East Tallering - Tenement: E59/2185 (granted) The East Tallering Project is prospective for gold mineralisation and comprises one granted Tenement covering approximately 67km2. The area is located 450km north east of Perth and immediately to the east of Kalamazoo Resources’ Snake Well gold project. Sultan believes the Tenement has potential for the discovery of greenstone-hosted gold deposits similar in nature to the nearby gold resources currently being evaluated by Kalamazoo Resources on their nearby project portfolio.

Dalwallinu - Tenements: E70/4884 (granted) The Dalwallinu Project comprises of one granted Tenement, and covers a land area of approximately 167km2. The Tenement is located approximately 200km northeast of Perth and contains approximately 20km strike length of the prospective Yerlering Fault Corridor. Sultan believes the Tenement has potential for the discovery of high-grade gold deposits similar to the Pithara Gold Mine which is located on a small mining lease within E70/4884. On Page 27 of prospectus : IGO identified the Wilgie Hills area, north of Pithara, where shallow anomalous Au intercepts in mafic rocks were returned from several holes. Sultan believes the Tenement has great potential for the discovery of further high-grade gold deposits similar to the Pithara Gold Mine where drill intersections from mined gold lode include results such as 4m @11.6g/t Au and 7m @ 30.1 g/t Au.

Thaduna - Tenements: E52/3481, E52/3461 (granted) The Thaduna Project comprises of two granted Tenements and covers a land area of approximately 22km2. These Tenements are 190km northeast of Meekatharra, and Lodestone Minerals Ltd’s (ASX: LSR) Brumby and Boundary Fence (in JV with Vango Mining Limited (ASX: VAN)) Gold projects are immediately northeast of these Tenements. Immediately to the southwest of Sultan’s Thaduna Tenements, successful explorer, Sandfire Resources Ltd (ASX: SFR) maintains a tenement package of some 1,200km2 prospective for VMS-style Cu-Ag mineralisation similar to their DeGrussa Mine.These Tenements have been explored historically by companies such as Plutonic Resources Ltd and Western Mining Corporation and more recently by Riedel Resources Ltd (ASX: RIE) and Australian Mines Limited. E52/3481 lies directly along strike to the southwest from Lodestone Minerals Ltd’s (ASX: LSR) Brumby Gold and Boundary Fence (in JV with Vango Mining Ltd, ASX: VAN) project, where recent drilling has included results of 19m @ 3.3g/t Au, 12m @ 8.1g/t Au, 19m @ 3.3g/t Au, 13m @ 10.5g/t Au. "

All these for 1.5 Mil EV

DYOR

GLTAH

Expand

To the potential flippers also think about loyalty options too. Cheapest EV by Xcel to date.

No.	Vol.	Price($)
7	2082994	0.6¢

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2082994

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0.7¢	974108	5

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974108

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9	2211094	0.005
5	2250239	0.004
5	2006670	0.003
2	2199980	0.002
1	8000000	0.001

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2211094

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2199980

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Price($)	Vol.	No.
0.006	193354	2
0.007	871500	3
0.008	1019476	6
0.009	436000	2
0.010	104429	1

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0.006

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871500

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1019476

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436000

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104429

(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $1.185M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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