| Tue Jun 26, 2001 Diamond Drilling Confirms Wide Body of Gold Mineralization | |
| Kena Property -- Gold Mountain Zone Sultan Minerals Inc. (SUL-cdnx) is pleased to announce the results of the first four diamond drill holes in the Gold Mountain Zone of its Kena Property, located near Nelson in southeastern British Columbia. The first three holes (01GM-01 to 03) were collared at a single drill station on line 11+00 north in order to test gold mineralization found in the "discovery" trenches reported on November 7, 2000. The first hole (01GM-01) was drilled to 137 metres depth, at --45 o dip along an azimuth of 060 o, in order to drill through the Silver King Porphyry intrusive and locate its contact with the adjacent volcanic unit. Several specks of finely disseminated visible gold were noted within a strongly altered zone from 20 to 32 metres depth in this hole. Two additional short holes (01GM-02 and 03) were drilled from the same set-up in order to determine the strike and dip of this highly altered and mineralized porphyry. Hole 2 was drilled at -60 o along azimuth 060 o to 45.72 metres depth and hole 3 at -45 o along azimuth 075 o to 48.77 metres depth. Fine grains of visible gold were also seen disseminated throughout the two holes. Hole 4 (01GM-04) was collared 120 metres east of hole 1 on line 11+00N and drilled to 213 metres depth, at --45 o along an azimuth of 240o. This hole was drilled toward holes 1 and 2 in order to test for mineralized structures dipping parallel to the first three 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. Holes 2 and 3 were also mineralized over their entire lengths and bottomed in good gold grades (see table). Hole 4 intersected a number of mineralized structures running parallel to the core axis suggesting that the principal dip of the mineralization may be to the southwest. This hole intersected a 58.0 metre section that assayed 1.21 g/t gold including two metres running 16.34 g/t. Assays for all four holes are summarized in the following table. --------------------------------------------------------------------- HOLE NO. FROM (metres) TO (metres) WIDTH (metres) AU (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 28.00 86.00 58.00 1.21 including 84.00 86.00 2.00 16.34 --------------------------------------------------------------------- The drill results suggest that gold mineralization is associated with, and disseminated throughout, the highly altered Silver King Porphyry intrusive body. The company is extremely encouraged by these results. Assays confirm depth continuity of the gold grades discovered by trenching in November 2000 and demonstrate significant size potential for the Gold Mountain Zone. Higher grades of 2.0 to 8.0 g/t gold are associated with zones of intense alteration lying within a broad zone of pervasive lower grade gold mineralization. David Rhys of Panterra Geoservices Inc. of Surrey, BC is currently carrying out structural geological studies of the drill core and surface showing. The assay data and drill log information is presently being compiled and compared with surface alteration studies in order to direct future drilling. Drilling will continue in a few days when these studies are complete. 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: Wed Jul 4, 2001, Diamond Drilling Resumes - Kena Property - Gold Mountain Zone You can view the Previous 2001 News Releases item: Tue Jun 26, 2001, Private Placement Closes You can return to the main 2001 News Releases page, or press the Back button on your browser. |