High Grade Near Surface Resource at Peelwood
Posted on 03/09/2008
Sultan Corporation Limited is pleased to report the completion of an initial JORC resource estimate for its Peelwood prospect, located 75km south of Bathurst in central New South Wales.
Sultan’s JORC resource for Peelwood has been estimated in the category of ‘inferred’. It is expressed at cut-off grades of 0% and 4% zinc equivalent. The estimate is:
· 259,060 tonnes at 5.45% zinc equivalent (0% zinc equiv cut-off grade)· 105,400 tonnes at 12.04% zinc equivalent (4% zinc equiv cut-off grade)
These Peelwood resources are separate and additional to the previously announced John Fardy resource. As a result, the new inferred resource has the potential to supplement any future mining operation at John Fardy.
080902 PeelwoodInferred ResourceASX Announcement (359 KB)
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