Vancouver — With seven holes completed in two rounds of drilling, cash-strapped junior Sultan Minerals (SUL-V) plans to intensify efforts to define a high-tonnage, low-grade gold porphyry system on the Kena property near Nelson, B.C.
So far, drilling has covered a 200-by-300-metre portion of a 2.1-km-by-900-metre gold-in-soil anomaly dubbed Gold Mountain.
Holes 1 through 3 were collared from the same drill pad and returned up to 106 metres grading 1.16 grams gold.
Moving 120 metres to the east, hole 4 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 in the downdip direction of the mineralization.
Collared 50 metres south of the first three holes, hole 6 cut 124 metres grading 0.62 gram gold per tonne. Included in this broad zone were several higher-grade sections, including the final 2 metres of the hole, which ran 9.1 grams gold from 130 metres down-hole.
Hole 5, which was the first hole of the second round of drilling, was collared 50 metres west of the initial holes and returned 134 metres grading 1.1 grams gold.
Moving some 300 metres to the southern edge of the coincidental geophysical anomaly, hole 7 cut 0.55 gram gold over 68 metres from 12 metres down-hole. Included in this section was a 22-metre interval grading 1.04 grams gold.
The junior is spotting 25 additional diamond drill hole locations to test the lateral and depth extent of the mineralized intrusive body.
The startup date of the next round of drilling depends on the company’s ability to raise financing.
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