Jersey Emerald PropertyThe 18,000 hectare Jersey Emerald Property is the largest mineral property in the famous Kootenay Arc silver-lead-zinc-tungsten belt. The property is host to 5 historic mines including British Columbia's second and third largest lead zinc mines. The Jersey Emerald Property located in southeastern British Columbia was also home to Canada's second largest tungsten mine with historic production of 1.6 million tons of 0.76% WO3. (Please see Tungsten Page).
Historic production from the property totals 15.3 million tonnes worth more that $2 billion in gross metal values at current prices. Sultan's most recent geophysical surveys over the HB and Garnet lead-zinc-silver mines identifies two priority targets adjacent to and along strike from the historic mines that rival the combined size of the historic mines. Recent soil geochemical surveys also show potential extensions and parallel zones of lead zinc mineralization in the area surrounding the HB and Garnet Mines.
A March 2010 Technical Report (NI 43-101) Resource Calculation shows an indicated resource of 5,320,000 tons averaging 1.04% lead and 2.60% zinc and an inferred resource of 16,930,000 tons averaging 1.00% lead and 2.18% zinc using a cut-off grade of 1.5% combined lead-zinc.
Within this large low-grade resource there is a higher grade mineralization with an indicated resource of 1,900,000 tons averaging 1.96% lead and 4.10% zinc and an additional inferred resource of 4,980,000 tons averaging 1.95% lead and 3.37% zinc using a cut-off grade of 3.5% combined lead-zinc.
The mineral resource estimate is based entirely on Sultan's Jersey Mine area. The study demonstrates that excellent exploration potential for significant deposits of lead-zinc mineralization may also exist in the vicinity of Sultan's two adjacent historical mines and in the surrounding terrain.
Latest News on the Lead-Zinc Resource
March 01, 2010 Sultan Minerals Reports Substantial Ni 43-101 Lead-Zinc Resource Estimate