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Sultan Uncovers Canadian Pegmatites

14 June 2023 12:32
ASX: SLZ

Sultan Resources is ready to ramp up exploration at its newly acquired projects in Ontario’s “Electric Avenue”, having uncovered a number of historically mapped pegmatite occurrences at its Kember Lake Project.

A Pegmatitic Promise

Uncovered by a desktop review of historical mapping data, the newly highlighted series of pegmatitic granite occurrences cover approximately seven kilometres of the approximately 30 square kilometre project, resting in Kembers North-West and trending North-West to South-West with widths over one kilometre.

The potential of the newly uncovered pegmatite zone is enhanced when combined with the fact that the Project sits just 8 kilometres away from Frontier Lithium’s Pak and Spark Projects, which host a combined lithium resource of 58.5Mt @ 1.51% Li2O and where over 398 metres of pegmatite grading up to 3.12% Li2O was intersected recently.

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Figure 1: The Newly Uncovered Zone of Interest

The seven-kilometre area has been marked as an initial zone of interest for Kember, with the pegmatitic granites being the focus of a 5 to 7-day reconnaissance program undertaken by Canadian-based experienced geological consultants, APEX Geoscience Ltd, who will conduct mapping and sampling of priority pegmatitic outcrop.

First Things First

The Company have also detailed planned exploration for Kember’s neighbouring Ruddy Project, which covers 10 square kilometres on the northern extremity of the Allison Lake Batholith, a fertile intrusive with the potential to develop lithium, caesium and tantalum-hosting pegmatites.

Ruddy will see the same 5 to 7-day program of mapping and sampling as Kember but will target a 3.5-kilometre area surrounding the Allison Lake Batholith interpreted by neighbouring explorers like Green Technology to be a “goldilocks zone” for the formation of LCT-bearing pegmatites.

The Company intends to complete the exploration at Ruddy before moving the team to Kember.

Looking Forward

The Company said it expects to commence the exploration program later this month and plans to report the results of initial observations upon the completion of both programs.

“The identification of multiple pegmatitic occurrences from historical mapping at the Kember Project is highly encouraging and allows Sultan to efficiently focus its initial reconnaissance in the field,” Sultan’s Chairman Jeremy King said.

“In addition, the obvious prospectivity of the interpreted “goldilocks zone” at the Ruddy Project presents a focus for that area. We are eagerly looking forward to the commencement of Canadian exploration for Sultan later this month.”

SLZ’s Australian Stock Exchange-listed share price is currently trading at 4 cents (12:02 pm UTC+ 8 hours).

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