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Show printable version of 'Phase II Diamond Drilling Continues to Expand Gold...' in a New Window
 Wed Jul 18, 2001
Phase II Diamond Drilling Continues to Expand Gold Mountain Zone

 Kena Property -- Gold Mountain Zone

Sultan Minerals Inc. (SUL-cdnx) is pleased to announce the results of the first diamond drill hole (01GM-05) from the second phase of drilling in the Gold Mountain Zone of its Kena Property, located near Nelson in southeastern British Columbia.

Diamond drill hole 01GM-05 was collared 50 metres grid west of the collars of 01GM-01 to 03. The hole was drilled to 170.08 metres depth, at --45o dip along an azimuth of 060o in order to test the lateral and depth continuity of mineralization intersected in the first four holes. As with all the drill holes from the initial phase, hole 01GM-05 contained tiny specks of visible gold. Assays for hole five are as follows:
------------------------------------------------
HOLE NO.    FROM        TO     WIDTH    GOLD
           (metres)  (metres) (metres)  (g/t)
------------------------------------------------
01GM-05      8.00    142.00    134.00   1.10
------------------------------------------------
including   60.00    142.00     82.00   1.49
------------------------------------------------
including  114.00    142.00     28.00   2.57
------------------------------------------------
including  128.00    142.00     14.00   3.98
------------------------------------------------
including  136.00    138.00      2.00  12.07
------------------------------------------------
<TABLE>

The first phase of drilling consisted of four diamond drill holes (01GM-01 thru 01GM-04) located in the vicinity of the "discovery" trenches reported on November 7, 2000.  These holes intersected wide zones of gold mineralization in the Silver King Porphyry intrusive.  The mineralization extended across the contact into the Rossland volcanics.  Strong alterations and mineralized stockworks occur throughout all drill holes.  Hole 1 intersected significant alteration and mineralization over a core length of 106 metres that included Silver King Porphyry intrusive from 8.0 to 93.5 metres and 20.5 metres of the adjacent andesite.  This 106-metre section assayed 1.16 g/t gold and included a 12-metre section that assayed 4.02 g/t.  Hole 2 averaged 1.22 g/t gold over 39.72 metres (its entire length) and Hole 3 averaged 1.66 g/t gold over 40.77 metres (its entire length).  Holes 2 and 3 were drilled to determine the strike and dip of mineralized structures within the Silver King Porphyry and therefore bottomed in mineralization.
 
Hole 01GM-05 intersected mineralized Silver King Porphyry intrusive from 8 to 136 metres.  The mineralization extended an additional 6 metres into the adjacent Rossland volcanic.  The entire 134-metre core length averaged 1.10 g/t gold, with the best interval assaying 12.07 g/t gold over 2 metres (see attached table for drill results for holes 01GM-01 to 05).

<TABLE>
------------------------------------------------
HOLE NO.    FROM        TO      WIDTH    GOLD
           (metres)  (metres)  (metres)  (g/t)
------------------------------------------------
01GM-01*     8.00     114.00    106.00    1.16
------------------------------------------------
Including   20.00      32.00     12.00    4.02
------------------------------------------------
Including   90.00     104.00     14.00    2.47
------------------------------------------------
01GM-02*     6.00      45.72     39.72    1.22
------------------------------------------------
Including   20.00      26.00      6.00    2.45
------------------------------------------------
And         38.00      45.72      7.72    1.81
------------------------------------------------
Including   44.00      45.72      1.72    3.58
------------------------------------------------
01GM-03*     8.00      48.77     40.77    1.66
------------------------------------------------
Including   24.00      48.77     24.77    2.44
------------------------------------------------
Including   46.00      48.77      2.77    4.66
------------------------------------------------
01GM-04*     4.00     213.00    209.00    0.71
------------------------------------------------
including   28.00      86.00     58.00    1.21
------------------------------------------------
including   84.00      86.00      2.00   16.34
------------------------------------------------
01GM-05      8.00     142.00    134.00    1.10
------------------------------------------------
including   60.00     142.00     82.00    1.49
------------------------------------------------
including  114.00     142.00     28.00    2.57
------------------------------------------------
including  128.00     142.00     14.00    3.98
------------------------------------------------
including  136.00     138.00      2.00   12.07
------------------------------------------------
* - Holes 01GM-01 to 04 were previously reported in
    News Release dated June 26, 2001.


The Company is extremely encouraged by these results. Assays confirm depth continuity of the gold grades and demonstrate significant size potential for the Gold Mountain Zone. Higher grades of 3.0 to 12.0 g/t gold are associated with zones of intense alteration lying within a broad zone of pervasive gold mineralization.

The second phase of diamond drilling is now completed. Assays from the remainder of the drill holes are pending. Also, prospecting and rock sampling of a number of mineralized outcrops to the south along the 20-kilometre belt of Silver King Porphyry intrusive is continuing with encouraging results. Assays are expected early next week.



A.G. Troup, P. Eng, President


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: Tue Jul 24, 2001, Prospecting Finds High-Grade Gold Over 20 Kilometre Belt

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