|Thu Mar 13, 2008|
Sultan Minerals Intersects Lead-Zinc and Gold at its
Jersey-Emerald Molybdenum-Tungsten Property, BC, Canada
Sultan Minerals Inc. (SUL-TSX-V) ("Sultan") is pleased to announce that seventeen additional diamond drill-holes have intersected and expanded a zone of lead-zinc mineralization on its 100% owned Jersey-Emerald molybdenum-tungsten Property in southern British Columbia.
Final assay results are now available for 21 diamond drill holes, JS07-01 through JS07-21, that test a zone of stratiform zinc mineralization discovered by trenching in September 2007 (see News Release of Sept. 24, 2007). The mineralization was initially confirmed by four diamond drill holes, JS07-01 through JS07-04, reported on February 11, 2008.
Highlights of the 21 holes reported here were hole JS-07-01 which assayed 10.53% zinc and 3.02% lead across 5.0 feet within a 60.0 foot thick zone that assayed 3.35% zinc and 0.73% lead, hole JS-07-17 which assayed 7.69% zinc across 5.9 feet within an 85.0 foot thick zone that assayed 1.46% zinc and hole JS-07-08 which assayed 5.22% zinc across 20.0 feet within a 60.0 foot thick zone that assayed 1.33% zinc.
The 21 drill holes test a 1,000 foot by 1,000 foot area centred on the north end of the historic Jersey Lead-Zinc Mine. The results suggest that several horizons of significant zinc and lead mineralization occur within a thick, zinc-rich horizon that stretches east and west from the north end of the historic Jersey Mine workings. Lead and silver concentrations are seen to increase to the north and west, while zinc concentrations increase to the south and east.
In addition to the lead-zinc mineralization an unexpected gold intersection was encountered in hole JS-07-15. This hole assayed 6.16 g/t gold across a 24.4 foot core length from 22.6 to 47.0 feet. The intersection included a 10.0 foot section from 37.0 to 47.0 feet that assayed 10.43 g/t gold. Additional diamond drilling is required to determine the potential of this zone.
Significant lead, zinc and silver intersections from the 21 drill holes are given in the following table:
The 21 drill holes reported above tested a 200-foot wide perimeter that bounds the historic "G Zone" to the east and west. The G Zone was the northernmost workings in the Jersey Lead-Zinc Mine. The grades intersected in these holes are comparable to the historical grades of the Jersey mine which averaged 2.0% Pb and 3.8% Zn. The holes demonstrate that significant lead-zinc mineralization extends well beyond the limits of the historic mining operation. The attitude and intersection depth of the mineralization suggests that a considerable portion of the western margin of the deposit might be extracted by surface mining methods.
The Jersey-Emerald property is located approximately 30 kilometres east of the community of Trail in southern British Columbia. The property was host to BC's second largest lead-zinc producer and Canada's second largest tungsten mine. The two mines were operated by Placer Dome from 1947 until their closure due to low metal prices in 1973. Previous mining operations were confined to a 5.0 square kilometre area in the centre of the present 93.0 square kilometre property. In the vicinity of the historic mines, deposits of lead-zinc, tungsten and molybdenum occur stacked one above the other on this polymetallic property. Soil geochemical surveys completed by Sultan minerals have located extensive, wide spread, soil anomalies for zinc, tungsten and molybdenum on the property. Large soil anomalies for zinc occur 3.0 kilometres south and 2.0 kilometres east of the historic mine suggesting there is exceptional lead-zinc exploration potential far beyond the limits of the historic mines.
Sultan is awaiting assays for a further 40 surface drill holes drilled marginal to the historic lead-zinc and tungsten workings during the 2007 drill program. A 3,500-metre underground drill program is presently underway on the East Dodger Molybdenum Zone. In June 2007 underground drill hole JM07-04 intersected 0.10% molybdenum (MoS2) over a core length of 548.0 feet in the East Dodger Zone. The intersection included several higher grade sections that assayed 0.28% MoS2 over 79.9 feet, 0.23% MoS2 over 43.0 feet and 1.81% MoS2 over 9.9 feet.
Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees all on-going diamond drilling programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" as defined by NI 43-101, "Standards of Disclosure for Mineral Projects".
For further information on the Company's projects, visit www.sultanminerals.com
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
Catarina Cerqueira , Associate Account Manager
CHF Investor Relations
Phone: (416) 868-1079, Ext. 251
You can view the Next 2008 News Releases item: Thu Mar 27, 2008, Sultan Minerals Expands Tungsten and Zinc Mineralization at its Jersey-Emerald Property, BC, Canada
You can view the Previous 2008 News Releases item: Wed Feb 27, 2008, Sultan Minerals Drills 430.0 Metres (1,428 Ft) Of Gold Mineralization On Its Kena Gold Property, British Columbia
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