|Tue Jan 16, 2001|
Geochemistry Defines Large Gold Anomaly
|KENA PROPERTY, B.C.|
Sultan Minerals Inc. (SUL-cdnx) is pleased to announce the final results of its soil geochemical survey over the Gold Mountain Zone on its Kena Property, located near Nelson, in southeastern British Columbia. A total of 1,050 soil samples were collected from the Gold Mountain Grid.
The Gold Mountain Grid, located at the northwestern end of the Kena Property, covers a previously unexplored area measuring 2.1 by 1.0 kilometres. The combined soil grids on the Kena property now show anomalous gold soil values of greater than 70 ppb over a strike length of about 5 kilometres. The gold values recently obtained from the Gold Mountain Grid are consistently higher than those obtained throughout the rest of the property (see attached map).
This zone is well defined by a northwest-southeast trending zone of greater than 60 ppb gold with numerous stations having values in excess of 1,000 ppb. This gold soil-anomaly extends for 2.1 kilometres (the length of the grid area) and averages 600 metres in width. The entire Gold Mountain Zone lies within the intrusive Silver King Porphyry Unit.
Six excavator trenches completed to date test a 125 metre by 100 metre area within the soil grid. The recently completed soil grid shows the trenches are located near the center of the anomalous gold zone. The previously reported trenches intersected bedrock gold mineralization with a weighted average grade of 1.43 g/t gold over a combined length of 181.7 metres from the six trenches (see News Release dated December 8, 2000).
Recently reported geophysical results (see News Release dated November 21, 2000) confirm that the trench area has a very high I.P. chargeability signature that correlates well with sulphide content seen in the trenches. The Gold Mountain chargeability anomaly has been traced for 1.8 kilometres in a north-south direction and is up to 500 metres wide. The recently defined gold soil anomaly follows and encompasses this chargeability anomaly.
In light of these extremely encouraging geochemical and geophysical results, a trenching and diamond drilling program is planned for 2001. The purpose of the program will be to investigate the potential of the favourable Silver King porphyry unit for bulk-tonnage gold mineralization.
A.G. Troup, P.Eng.
For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com
Ticker Symbol: SUL-cdnx
SEC 12g3-2(b): 82-4741
No regulatory authority has approved or disapproved the information contained in this news release
You can view the Next 2001 News Releases item: Thu Jan 18, 2001, Prospecting Shows Over Twelve Kilometres Of Strike Length To Gold Belt
You can return to the main 2001 News Releases page, or press the Back button on your browser.