|Thu Oct 17, 2002|
Sultan/Kinross 30 Hole Drill Program Continues To Generate Gold Assays
|KENA PROPERTY, BC|
Sultan Minerals Inc. (SUL-TSX Venture) is pleased to announce that it has now received gold assays for the first drill hole of the expanded drill program being run with its partner Kinross Gold Corp. Drilling of 4,800 metres of NQ core in approximately 30 holes will be completed during the current exploration program. The program will continue to explore the bulk tonnage potential of the Gold Mountain Zone and will also investigate the gold potential of the Great Western, Starlight and South Gold Zones.
This first hole is a depth extension of hole 01GM-10, located on the Gold Mountain Zone at the western end of drill section 1100N (see News Release dated April 30, 2002). Visible gold was noted in this hole extension in several locations between 213 and 307.8 metres and this 94.8- metre section averages 0.95 g/t gold. This hole was initially stopped at 185.32 metres depth. The hole has now been extended to 359.05 metres depth in order to test the depth continuity of the Gold Mountain mineralization. The hole intersected the favourable Silver King intrusive/Rossland volcanic contact at a down hole depth of 333.5 metres. The following table summarizes the more significant results of this hole extension:
=================================================== HOLE # FROM (m) TO (m) WIDTH (m) Au (g/t) --------------------------------------------------- 02GM-10 ext. 213.00 214.00 1.00 3.23 and 236.00 238.00 2.00 1.12 and 246.00 247.00 1.00 1.70 and 256.00 258.00 2.00 17.66 including 257.00 258.00 1.00 32.36 and 267.00 269.00 2.00 2.40 and 273.00 283.00 10.00 1.20 including 277.00 279.00 2.00 3.18 and 305.00 307.80 2.80 4.29 including 306.80 307.80 1.00 10.65 and 332.00 336.00 4.00 2.33 including 333.50 334.60 1.10 4.94 and 352.00 354.00 2.00 1.36 ==================================================
The Company has recently contracted Peter E. Walcott and Associates to extend ground geophysical coverage to the west of the Gold Mountain Zone. The survey will complete induced polarization coverage of the Great Western, Starlight, Daylight and Cariboo gold targets. In addition to the ground geophysics, Fugro Surveys Inc. has been contracted to complete a 230- line kilometre airborne radiometric and magnetometer survey over the north end of the Kena property. The airborne surveys will provide a better understanding of geological controls to gold mineralization in the Gold Mountain, Kena Gold, South Gold, Great Western and Starlight areas.
The main focus of the current exploration program remains the Gold Mountain Zone bulk tonnage target. Approximately half of the planned 4,800 metres of drilling will be devoted to expanding the Gold Mountain mineralization. Nine holes have been completed in the present program: five on the Gold Mountain zone and four on the Great Western. One drill is presently continuing on the Gold Mountain Zone and the second drill is on the initial hole of the Gold South Zone, 4.5 kilometres south of Gold Mountain. It is expected that the current drill program will be completed by early December.
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 2002 News Releases item: Tue Nov 19, 2002, TSX Venture Approval Recieved On Daylight Property
You can view the Previous 2002 News Releases item: Wed Oct 2, 2002, Sultan Options Daylight Claim Group
You can return to the main 2002 News Releases page, or press the Back button on your browser.