Sultan Resources goes deep in nickel search
Sultan Resources has started a key diamond drill hole at its Kulin Hill nickel project in WA’s Wheatbelt, following up strong nickel grades in shallow aircore drilling in May.
Sultan Resources (ASX:SLZ) struck 0.86% nickel, 575ppm cobalt and 1.98% chromium in aircore testing earlier this year, confirming an extensive 2.2km of strike of a layered ultramafic sequence.
It is no surprise to find hints of nickel and cobalt at Kulin Hill, interpreted to be within the same mobile belt as Chalice Mining’s world class Julimar nickel-copper-PGE discovery.
Most major discoveries are unlocked through diamond drilling though, and the single stratigraphic diamond hole at Kulin Hill, which will be completed to a depth in excess of 500m, will provide a lot of information about its potential.
Targeting a strong magnetic body revealed by 3D inversion modelling, the hole will be the deepest drilled to date at Kulin Hill.
Sultan says it will provide the best look yet at the layered ultramafic sequence, which has been tested only by aircore and a series of four diamond holes drilled 2km southeast over 50 years ago, the deepest of which reached just 265m.
Meanwhile, negotiations to access the full length and breadth of the Kulin Hill body are ongoing, with some of the 0.9km wide by 2.2km long target sitting beneath a salt lake.
Once granted it will enable the company to assess the full potential of the target.
A work program starting with EM techniques such as Fixed Loop or magnetotellurics will be undertaken to identify potential sulphide conductors.
If found, these will be ranked and priority targets drilled with either reverse circulation and/or diamond drilling.
This article was developed in collaboration with Sultan Resources (ASX:SLZ), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.