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Show printable version of 'Sultan Minerals Resumes Drilling on Its Jersey-Mol...' in a New Window
 Mon Nov 21, 2005
Sultan Minerals Resumes Drilling on Its Jersey-Molybdenum Property

 
Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce that diamond drilling has resumed on its Jersey-Emerald Property, in the Salmo area of British Columbia. Drilling is underway with a surface drill to investigate the potential for lateral extensions of the molybdenum mineralization intersected in the initial 12 underground drill holes in the East Dodger Mine workings. Molybdenum mineralization was intersected in all 12 drill holes and is comprised of a network of high-grade molybdenite bearing quartz veins that form a broad low grade stockwork hosted within a granite intrusive body. The results of holes 1 through 12 are summarized in the following table:
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Drill       Grid  Grid    Azmth/ Length    From      To   Width  MoS2
Hole#      North  East      Dip. ------------------------------     %
                                             (Feet)
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JM05-01     6603  8711  070/-35  498.00  342.50  461.00  119.00  0.05
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JM05-02     6977  8781  067/-37  196.00    4.00  196.00  192.00  0.22
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Including                                186.00  189.70    3.70  5.19
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JM05-03     6976  8777  067/-25  600.00    0.00  495.00  495.00  0.11
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Including                                200.00  215.00   15.00  1.30
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JM05-04     6979  8777  067/+05  270.00   65.00  152.00   87.00  0.06
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Including                                 97.00  103.50    6.50  0.36
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JM05-05     6992  8778  045/-20  438.00    0.00  438.00  438.00  0.05
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Including                                 29.00  166.00  137.00  0.13
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JM05-06     6992  8778  045/+05  325.00    2.00  115.00  113.00  0.08
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Including                                 22.00   26.00    4.00  1.03
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JM05-07     7126  8798  045/-20  414.00   79.00  146.50   67.50  0.02
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JM05-08     7350  8823  045/-20  395.00    0.00  149.00  149.00  0.03
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Including                                 35.00   41.00    6.00  0.31
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JM05-09     7350  8823  045/-35  476.00   37.50  377.00   339.5  0.03
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JM05-10     7332  8806    225/0  186.00   10.00  133.00  123.00  0.06
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Including                                 32.50   35.50    3.00  1.01
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JM05-11     6815  8742  045/-30  408.00    0.00  413.00  413.00  0.03
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Including                                216.00  335.00  119.00  0.06
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JM05-12     6815  8742  045/-45  537.00  194.00  357.00  163.00  0.04
---------------------------------------------------------------------
Including                                344.00  357.00   13.00  0.21
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The surface drill program is following up targets that have been generated by researching drill logs from the historic mine data-base. Many of the historic drill holes that tested the former tungsten workings intersected the underlying granite body that is host to the molybdenum mineralization. These records report 415 instances where molybdenum mineralization was observed to occur both within and adjacent to the favourable granite host. A significant number of these intersections occur clustered beneath the Feeney and Dodger 4400 tungsten deposits. In most instances, the molybdenum occurrences were not assayed but 7 occurrences in 5 holes were assayed and reported in the drill logs for the Dodger 4400 Mine. These assays are given in the following table:
---------------------------------------------------------------------
Drill     Grid    Grid      From        To    Width
Hole#    North    East      feet      feet     feet    Mo %    MoS2 %
---------------------------------------------------------------------
D-7       9513    9346    186.00    187.00     1.00    0.26      0.43
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 and                      212.50    213.20     0.70    0.20      0.33
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DU-17     9459    9322     72.20     79.50     2.30    0.14      0.23
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DU-19     9595    9405    131.70    143.30    11.60    0.12      0.20
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DU-27     9413    9303     17.50      20.7     3.20    0.11      0.19
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Including                  17.50     18.00     0.50    0.50      0.83
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D-86      9100    9915    453.60    459.00     5.40    0.25      0.42
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 and                      491.00    495.80     4.80    0.11      0.18
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Note 1: All dimensions and core lengths are recorded in feet in order
        that results are compatible with the historic mine grid and
        the existing 4,600 drill hole database.

Note 2: MoS2 grades are computed from the Mo assays shown in column
        7.
Readers are cautioned that the molybdenum assays from Placer Dome's work, quoted in this release, are historical in nature and were compiled before the implementation of NI 43-101 reporting standards. The core samples taken by Sultan Minerals Inc. during the recent exploration of the East Dodger mine workings have confirmed the former Placer Dome assays in that area suggesting that the above quoted molybdenum assays are sufficiently encouraging to warrant follow-up.

The Dodger 4400 Mine is located 2,000 feet (600 m) north of the East Dodger Mine area where Sultan has focused its previous exploration drilling. The recognition that significant molybdenum mineralization may extend from the East Dodger Mine into the Dodger 4400 workings expands the dimensions of the molybdenum target area by three times to more than 3,000 feet (900 m) north south and by 3,000 feet (900 m) east west.

Sultan's initial surface drill hole is underway at the Feeney Mine where it is investigating reported molybdenum mineralization in both the Feeney Mine and the Invincible Decline. This hole will test the west margin of the underlying granite body that is host to the molybdenum mineralization. The hole is located 3,000 feet (900 m) to the northwest of the previous 12 underground holes, which tested the eastern margin of the host granite body in the East Dodger Mine area. On completion of drilling in the Feeney area, the drill will move to the Dodger 4400 Mine area where a surface hole will be drilled beneath the former tungsten workings.

Mr. Ed Lawrence, P.Eng., is managing the underground exploration program. Perry Grunenberg, P.Geo., of P&L Geological Services of Lac Le Jeune, BC, is the Company's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, "Standards of Disclosure for Mineral Projects".

For further information on the Company's projects, visit www.sultanminerals.com.

Arthur 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: info@sultanminerals.com

No regulatory authority has approved or disapproved the information contained in this news release.

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