Mon Oct 29, 2007 Sultan Minerals Project Update, Jersey-Emerald Property, British Columbia, Canada | |
Vancouver, B.C. - Sultan Minerals Inc. (SUL - TSX-V) ("Sultan") is pleased to provide an update on its activities at its 100% owned Jersey-Emerald project in southeastern BC, Canada. Sultan is aggressively pursuing a number of activities on the property in order to expedite the re-opening of the historic tungsten and lead-zinc mines, which were formerly owned and operated by Placer Dome. The 2007 work program budgeted for $2,000,000 is underway on the Jersey-Emerald property and includes the following:
Drill logs and assays for an additional 200 drill holes in the Emerald Tungsten Deposit have been entered into the digital data base for the mine in the ongoing compilation of the historic mine records. This completes the drill hole data base for this historic mine and will allow the company to complete a resource evaluation for this deposit. Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the ongoing diamond drilling programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, B.C., is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects." Standard sampling procedures are used whereby drill core is split with a core splitter and half of the core sent by trucking company directly to Acme Labs Ltd in Vancouver for assay by standard analytical procedures. The remaining half of the core is stored in the Company's core storage facility in Salmo, BC. All sample preparation was done at the laboratory by Acme staff. Checks are being run on 5% of the samples at Becqueral Laboratories in Mississauga, Ontario for tungsten and Assayers Canada in Vancouver, BC for other elements. 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: Marc Lee, Investor & Corporate Communications Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400 Email: mlee@sultanminerals.com or or Catarina Cerqueira Associate Account Manager CHF Investor Relations Phone: (416) 868-1079, Ext. 251 Email:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.
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
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