|Tue May 8, 2001|
Evaluation of Tungsten Mineralization - Emerald Tungsten Mine, BC
|Sultan Minerals Inc. (SUL-cdnx) is pleased to announce that it has contracted Mr. Ed Lawrence, P.Geo. to assist with the evaluation of known tungsten (WO3) mineralization at Sultan's Emerald Mine Property located near Salmo in southeastern British Columbia. Mr. Lawrence was mine manager and mine geologist for Placer Dome at this mine prior to its closure in 1973, and brings a vast wealth of knowledge to this project.|
The Emerald Tungsten mine, located on Sultan's 100% owned property, was the largest tungsten producer in British Columbia and the second largest in Canada. The mine closed in 1973 due to low tungsten prices combined with new royalty laws making the mine less profitable. Mine documents state that extensive reserves of low grade tungsten (WO3) mineralization remain on the property and were not fully explored or developed during mine operations due to low tungsten prices. With the recent increase in tungsten metal price, the Company realizes the importance of re-evaluating its Emerald Mine Property.
Work contracted to P&L Geological Services and Ed Lawrence, P.Geo. will consist of reviewing mine data, confirming grade and tonnage of the known remaining tungsten reserves, and defining areas having potential for additional tungsten (WO3) mineralization. This study is anticipated to be completed by late May.
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
No regulatory authority has approved or disapproved the information contained in this news release.
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