On July 7th, 2021, Sultan Resources Ltd (Sultan, ASX – SLZ) announced initial results for its maiden drilling program of its Big Hill gold copper porphyry target that sits on the license boundary of Kincora’s Cundumbul project 1,2,3.
Sultan has permits in place for up to 10-holes for 4500 metres of diamond drilling with a first pass 3-hole program completed for 1136 metres 1,2,3. The initial program has intersected interpreted porphyry alteration with disseminated pyrite, trace chalcopyrite and bornite, been described as “extremely encouraging”, “marking the distal parts of an alkalic Au-Cu porphyry system” and “giving confidence to proceed with additional drill testing” with drill collars within 300 metres of the Cundumbul license boundary1,2, 3 (for further details refer to Kincora’s May 19th press release).
Sultan states that the Big Hill target displays coincident and complimentary magnetic and Induced Polarization (IP) responses, high grade copper and gold rock chips, distinct gold and copper plus pathfinder element geochemical soil anomalism and porphyry-style alteration within host-rock geology and a structural setting consistent with the upper or outer parts of an alkalic porphyry gold copper system such as Cadia and Boda 2, 3. The Big Hill target is located approximately 50km in equal distance to both Cadia and Boda in the Molong Belt of the Macquarie Arc of the Lachlan Fold Belt.
The Big Hill magnetic complex is approximately 5km long by 2.5km wide situated within both the Sultan and Kincora licenses. Kincora looks forward to monitoring Sultan’s continued progress at the Big Hill target and other identified targets on or near to the license boundary.
1 Refer to Sultan Resources press release July 7th, 2021 “Diamond drilling confirms porphyry potential at Big Hill porphyry Au-Cu target”
2 Refer to Sultan Resources press release April 29th, 2021 “Big Hill IP results define ‘classic’ East Lachlan porphyry Au-Cu priority drill target”
3 Refer to Sultan Resources press release May 18th, 2021 “Maiden drill programme at priority Big Hill porphyry Au-Cu target commences”