Peelwood Zinc/Copper Project Overview
The Peelwood Project consists of seven exploration licenses EL2934, EL6081, EL6082, EL6767, EL6831, EL6955 and EL7002. They are located approximately 70kms south of the City of Bathurst in eastern New South Wales.
Our main asset at Peelwood is the John Fardy deposit. John Fardy offers excellent potential to add value through exploration.
In addition, the Peelwood zinc project has several historical mines and prospects with zinc-rich volcanic-hosed sulphide-style mineralization. Each of these old mines or prospects has the potential for similar style of mineralization to that at John Fardy.
The Peelwood project has the potential for the discovery of multiple economic VHMS style base metal deposits of submarine volcanic origin similar to the Captains Flat and Woodlawn deposits.
**LATEST ANNOUNCEMENT - 12/11/08**
FEASIBILITY STUDY MARKET UPDATE
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. Please see the ASX announcement (12/11/08) titled 'Feasibility Study - Market Update' for further details.
