FinTechFunding

Sultan Resources: Completes drilling at Tucklan

  • Sultan Resources (SLZ) has completed the first phase of a maiden drilling program at its Tucklan Gold Project in New South Wales
  • Six holes drilled, three of which didn’t reach their target depth
  • However, one drill hole intersected an anomaly that hosts veining and sulphide mineralisation
  • Encouragingly, the hole displays similar characteristics to the gold mineralisation style at Regis Resources McPhillamy’s Gold Project
  • If a McPhillamy’s-style gold system discovered at Tucklan, this could transformational for Sultan
  • Company shares are up 15.8 per cent and trading at 22 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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