Feasibility Study - Market Update

Posted on 12/11/2008

   JORC Resources Established

Sultan Corporation Limited’s (ASX: SSC) exploration program conducted during the past 12 months was highly successful in upgrading the JORC resource at John Fardy; delineating maiden JORC resources at Peelwood; and identifying strong mineralisation at the Black Springs project. 

All projects remain open to further expansion and will be tested in the coming year.

Sultan Corporation is pleased to announce updated resources at its John Fardy and Peelwood prospects.  Table 1 details the combined resource for these prospects.

Table 1 - Combined Resource Update for John Fardy and Peelwood

ResourceTonnes Zn % Cu %Pb %Ag g/tZinc Equiv.
Combined Resource

895,000

3.94

0.8

0.73

16

8.0

NB:          The zinc equivalence formula and relevant calculation variables are outlined in the section titled “Description and notes on John Fardy and Peelwood Resource Estimates.”

 

 

 

 

 

 

 

 

 

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