|Thu Mar 27, 2008|
Sultan Minerals Expands Tungsten and Zinc Mineralization at its Jersey-Emerald Property, BC, Canada
Sultan Minerals Inc. (SUL-TSX-V) ("Sultan") is pleased to announce assay results for drill holes JS07-22 through JS07-29 on its 100% owned Jersey-Emerald tungsten-molybdenum ("WO3-MoS2") property in southern British Columbia. The results are very favourable. Furthermore, two holes successfully demonstrated potential for large extensions to the historic East Dodger Tungsten Mine and five holes confirmed an eastern extension of the historic Jersey Zinc Mine. (See earlier News Release of March 13, 2008).
Three drill holes, JS07-22, JS07-25 and JS07-26, tested a 2,000-foot long corridor centred on the historic Emerald Tungsten Mine. Hole JS07-22, located 1,200 feet north of the Emerald workings, intersected a 6.6-foot thick tungsten rich zone that assayed 0.57% WO3 within a 41.2-foot thick horizon that assayed 0.20% WO3. Hole JS07-25, located 500 feet south or the Emerald workings intersected 3.9 feet that carried 2.21% WO3 within a 14.20-foot wide zone that assayed 0.65% WO3. Assays for hole JS07-26 are still pending. The results obtained from these holes suggest that tungsten mineralization comparable in grade and width to the historic mine extend well beyond the historic mine workings of Emerald.
Drill hole JS07-25 also intersected a 2.9-foot wide quartz vein carrying 0.40% MoS2 in a granite intrusive beneath the tungsten zone. This mineralization is believed to represent the southern margin of the East Dodger Molybdenum zone found in the Dodger 4200 Drive North approximately 500 feet to the west.
Significant tungsten and molybdenum intersections from these holes at Emerald are given in the following table:
Drill holes JS07-23, JS07-24 and JS07-27 through JS07-29 followed up a zone of zinc mineralization intersected in previously reported holes JS07-20 and JS07-21 (See earlier News Release of March 13, 2008). The five drill holes tested a 300 by 500 foot zone situated along the east margin of the Jersey Zinc Mine. This area bounds the historic "G Zone" zinc deposit which 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. A sixth drill hole, JS07-29, was stopped at 358 feet and is now believed to have been too short to intersect the mineralized horizon.
Significant lead-zinc and silver intersections from these six holes at Jersey are given in the following table:
These six drill holes and the 21 holes reported in the March 13, 2008, news release together demonstrate that lead-zinc mineralization extends well beyond the limits of the historic mining operation at Jersey.
Sultan is awaiting assays for a further 37 surface and underground drill holes that have recently been completed in the ongoing drill program. Diamond drilling is presently underway on the East Dodger Molybdenum Zone where underground drill hole JM07-04 intersected 0.10% MoS2 over a core length of 548.0 feet. The intersection included several higher-grade sections that included 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 under Placer-Dome, oversees all on-going diamond drilling programs for Sultan. 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.
Please click to view Drill Hole Locations 2007 Drill Program Map.
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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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You can view the Next 2008 News Releases item: Tue Apr 15, 2008, Sultan Minerals Drills Bulk Tonnage Tungsten Mineralization at its Jersey-Emerald Property, BC, Canada
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