| Thu Jul 12, 2001 Surface Sampling Indicates Bulk Tonnage Size Potential | ||
| Kena Property -- Gold Mountain Zone Sultan Minerals Inc. (SUL-cdnx) is pleased to announce the results of a surface rock sampling program conducted on the Gold Mountain Zone of its Kena Property, located near Nelson in southeastern British Columbia. Surface rock samples taken during the current program have returned gold values ranging up to 7.8 g/t gold over an area measuring 1,200 metres by 500 metres within the Silver King Porphyry intrusive body. This is the first step in defining the large tonnage required to develop an intrusive hosted gold deposit. The 2 kilometre long Gold Mountain Zone lies within a 20 kilometre belt of intrusive rocks referred to as the Silver King Porphyry. Sultan Minerals has now acquired by staking most of this 20 kilometre long belt. Prospecting has located numerous mineralized areas along this belt that are believed to have potential similar to the Gold Mountain Zone (see news release of January 18, 2001). Trench results from November 2000 and recent diamond drill results indicate wide zones of gold mineralization exist in the discovery area of the Gold Mountain Zone. Drill hole 01GM-01 intersected 106 metres (350 feet) of 1.16 g/t gold (see News Release dated June 26, 2001) and recent assays from drill hole 01GM-04, which tested the porphyry to a vertical depth of 152 metres (498 feet), shows this hole to carry 0.71 g/t gold over its entire 213 metre (700 foot) length. Gold soil geochemistry, geophysical anomalies and alteration zoning all indicate potential for an extensive zone of intrusive hosted mineralization extending to the north and south of the discovery area. Detailed mapping and alteration studies have recently been completed by consultant Kathryn Dunne, P.Geo. and a structural analyses has been done by consultant David Rhys, P.Geo. of Panterra Geoservices. During these studies representative outcrop exposures were sampled and assayed. A number of rock chip and grab samples collected throughout the length of the strong geophysical and geochemical anomaly returned values between 0.5 and 7.8 g/t gold. This anomaly remains open to the north, south and east. The following table and attached plan map show results from this rock sampling program, compiled with those from the 2000 program. SURFACE ROCK SAMPLE RESULTS
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NORTHING EASTING AU (g/t)
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700 350E 5.5*
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800 225E 1.3
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1025 350E 1.1
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1100 330E 2.4
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1100 365E 2.7*
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1125 80E 0.7*
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1125 85E 1.2*
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1130 75E 1.5*
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1150 350E 1.6
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1300 50E 0.9
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1563 497W 2.5
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1600 30W 7.8
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1700 360E 0.7
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1725 70W 1.1*
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1730 50W 1.3
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1800 80W 0.8
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1825 85W 0.9
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1850 90W 0.6
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1900 100W 1.2
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* = previously reported (see News
Release dated Nov. 1, 2000)
Sultan is extremely encouraged by these results. Gold assays from the rock samples collected throughout the Silver King Porphyry in 2001 have returned values that exceed those that led to the recognition of the "discovery zone" tested by recent drilling. The highest gold assay of 7.8 g/t was obtained 600 metres northwest of the "discovery" area. Mapping suggests this zone may be a fault displaced continuation of the discovery area and detailed rock alteration studies suggest that the alteration intensity is similar to the "discovery" area. Exploration diamond drilling is continuing with an emphasis on defining the large tonnage needed to develop a porphyry system. This phase of drilling will test for lateral continuity of the "discovery" area mineralization with step outs of up to 300 metres away from the holes reported in the news release of June 26, 2001. 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 | ||
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