|Wed Nov 15, 2006|
SULTAN MINERALS COMMENCES DIAMOND DRILLING ON TUNGSTEN-MOLYBDENUM PROPERTY, BC
|Sultan Minerals Inc. (SUL -- TSX Venture) ("Sultan" or the "Company") is pleased to report that diamond drilling is now underway on its Jersey-Emerald Property in the Salmo area of British Columbia. The drill program is designed to expand the tungsten resource reported in the Company's news release dated November 8, 2006 and will focus on testing the north end of the recently identified East Emerald Tungsten Zone.|
The East Emerald Tungsten Zone has been traced by trenching, drilling and surface mapping for more than 1,100 metres along strike and remains open to the south. Recent and historic diamond drilling has intersected the zone to a depth of 300 metres down dip. The zone averages 10.0 metres in thickness with tungsten (WO3) assays varying from less than 0.10% WO3 to greater than 0.35% WO3 (see News Release of June 5, 2006).
The East Emerald Tungsten Zone lies between the Invincible and Dodger tungsten deposits and can be readily accessed from the existing workings. The resource evaluation reported November 8th shows that at a cut-off grade of 0.15% WO3, the Invincible and Dodger zones contain a measured plus indicated tungsten resource of 2,510,000 tons averaging 0.37% WO3 with an additional inferred resource of 1,210,000 tons averaging 0.40% WO3. The study shows there is potential to significantly expand this resource with exploration in both the historically mined areas and the surrounding terrain. The report recommends 19,000 metres of diamond drilling for the property with 11,000 metres of drilling planned for the East Emerald Tunsten Zone.
Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the exploration drill program. Perry Grunenberg, P.Geo., of P&L Geological Services of Lac Le Jeune, BC, is Sultan's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, "Standards of Disclosure for Mineral Projects." Core samples are split with a core splitter and half of the core is stored in a secure site in Salmo, B.C. The second half of the core is placed in sealed plastic bags, and shipped to a commercial analytical laboratory for assay. The project's quality control program includes the systematic use of duplicate samples and the use of a secondary laboratory for check assaying.
For further information on the Company's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Tel: (604) 687-4622 Fax: (604) 687-4212
Marc Lee -- Email: email@example.com or firstname.lastname@example.org
No regulatory authority has approved or disapproved the information contained in this news release.
This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com.
You can view the Next 2006 News Releases item: Thu Dec 14, 2006, Sultan Minerals Announces $1.5 Million Short Form Offering
You can view the Previous 2006 News Releases item: Wed Nov 8, 2006, Sultan Minerals Releases Ni 43-101 Resource Calculations For Its Tungsten-Molybdenum Property, B.C., Canada
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