Sultan Resources Ltd. (AU:SLZ) has released an update.
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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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