Sultan Resources Ltd. (AU:SLZ) has released an update.
Siltan Resources Ltd. recently completed two reverse circulation drill holes at the Calesi prospect near Kulin, WA, which were funded by Rio Tinto Exploration (RTX) as part of a farm-in agreement. The drilling identified a pyrrhotite-rich mafic amphibolite with geochemical anomalies, but no significant gold values were found. Consequently, RTX has decided to withdraw from the farm-in arrangement with Sultan Resources.
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