|Fri Dec 22, 2006|
Sultan Minerals Cuts Tungsten Mineralization In Four Holes At Jersey-Emerald Property With Assays Expected In January
|Sultan Minerals Inc. (SUL - TSX-V) (RNZ -- Freiverkehr) (the "Company" or "Sultan") is pleased to announce that it has completed 1,800 feet (600 metres) of NQ diamond drilling in four holes on its Jersey-Emerald Property in the Kootenay District of British Columbia . The program has stopped for the Christmas Holiday and will resume in January 2007. All samples have been shipped to Acme Analytical Laboratories in Vancouver, BC for analysis and final assays are expected in early January.|
The four holes were drilled at approximately 100-foot (30 metre) intervals across the north end of the recently identified East Emerald Tungsten Zone. The tungsten-bearing horizon was intersected in all four holes and widths appear to increase to the east and to the north. 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 north and south. Recent and historic diamond drilling has intersected the zone to a depth of 300 metres down dip. In previous holes the zone has averaged 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).
In October 2006, Sultan entered into an option agreement to purchase the surface rights to 250 acres of land on a section of the Jersey-Emerald property at a cost of $50,000 until January 31, 2007. The Company has now exercised this option and on December 11, 2006, a Freehold Transfer conveying title to Sublot 8 Plan X-54 into the name of Sultan Minerals Inc. was accepted for registration in the Kamloops/Nelson Land Title Office. The land adjoins and lies immediately east of the 700-acre parcel of land that was acquired by Sultan in May 2006. With this acquisition, Sultan now owns the surface rights to the Emerald Tungsten Mine, the East Emerald Tungsten Zone, the East Dodger Tungsten Mine, the Jersey Lead-Zinc Mine and portals to the Emerald, Invincible, Dodger and Jersey Mines.
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."
For further information on this project, Sultan and its other exploration 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.
You can view the Previous 2006 News Releases item: Thu Dec 14, 2006, Sultan Minerals Announces $1.5 Million Short Form Offering
You can return to the main 2006 News Releases page, or press the Back button on your browser.