Vancouver — Initial results from ongoing drilling by
The first holes targeted a 120-metre portion of the Gold Mountain zone, a 2.1-km-by-900-metre gold-in-soil anomaly. Chip samples collected last year returned up to 2.71 grams gold per tonne over 2 metres. The highest-grade individual sample returned 5.48 grams gold.
Holes 1, 2 and 3 were collared from the same drill pad. Hole 1, drilled to the east-northeast at an angle of 45, cut an encouraging 106 metres grading 1.16 grams gold from 8 metres down-hole. Included in this intercept were several higher-grade sections running up to 4 grams gold over 12 metres.
The next two holes terminated in mineralization. Hole 2 tested the zone directly below hole 1 and cut 40 metres averaging 1.22 grams gold from 6 metres down-hole. The final 1.7 metres returned 3.6 grams gold.
Hole 3, drilled a little farther to the east than holes 1 and 2, was angled at 45. It hit 41 metres grading 1.66 grams gold from 8 metres down-hole. The final 2.8 metres of this hole averaged 4.66 grams gold.
About 120 metres to the east, hole 4 was drilled to the west-southwest and angled at 45. It hit 58 metres grading 1.21 grams gold from 28 metres down-hole, including a 2-metre section that ran 16.3 grams gold. However, the structures hit were running up the core axis, suggesting that the hole was drilled downdip of the mineralization.
The junior is eyeing a bulk-tonnage, open-pit target within the Silver King porphyry.
At the nearby Kena gold zone, drilling was conducted by several exploration companies between 1981 and 1991. Last year, Sultan re-logged 2,500 metres of historical core, and the re-examination identified two sets of crosscutting features.
The first feature consists of veinlets and fractures, which trend perpendicular to the foliation direction.
The second feature, consisting of pyrite-chalcopyrite bands, is interpreted to dip in a direction opposite to the regional contacts.
According to the company, previous drilling cut wide intersections of low-grade gold mineralization ranging from 0.5 to 1 gram gold.
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