|Tue Oct 2, 2001|
Sultan Commences Expanded Diamond Drill Program, Kena Property, BC
|Gold Mountain Zone|
Sultan Minerals Inc. (SUL-cdnx) is pleased to announce that it has signed a diamond drill contract with Westgate Diamond Drilling of Salmo, BC. Drilling will commence immediately on the Gold Mountain Zone of the company's Kena Property, located north of the village of Ymir in southeastern British Columbia. Permits are now in place for 21 drill sites that will test an area 1400 metres long by 500 metres wide and up to 200 metres deep over the Gold Mountain Zone. This entire area is underlain by the intensely altered Silver King intrusive.
On the Gold Mountain Zone, 7 diamond drill holes completed to date have tested a 200 by 300 metre zone within a 2,100 by 650 metre gold geochemical and coincident geophysical anomaly. All seven drill holes cut wide zones of classic, gold bearing, porphyry style mineralization within the Silver King Porphyry intrusive body (see News Releases dated June 29 and July 17, 2001). The Gold Mountain mineralization currently remains open in three directions and to depth.
Results are pending from a recently completed infill induced polarization survey while additional detailed alteration mapping will be ongoing throughout the Gold Mountain Zone.
A regional exploration program now underway involves soil sampling, prospecting and reconnaissance geological mapping throughout the entire 17 kilometre length of the Silver King Porphyry unit. Preliminary prospecting carried out in conjunction with the previous work program has already located an additional seven mineralized areas along the belt (see News Release dated July 24, 2001). Grab samples of the more promising exposures found at each location have returned gold grades comparable to and in some cases better than those that lead to discovery of the Gold Mountain zone.
These two aggressive exploration programs will assist the Company in meeting its objective of developing a major tonnage gold deposit.
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
No regulatory authority has approved or disapproved the information contained in this news release.
You can view the Next 2001 News Releases item: Fri Oct 5, 2001, Sultan Options Two Adjacent Properties Adding 1,100 Hectares To The Kena property
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