|Tue Apr 29, 2008|
Sultan Minerals Expands Tungsten Zone at its Jersey-Emerald Property, BC
TSX Venture Exchange Symbol: SUL
SEC 12g3-2(b): 82-4741
Frankfurt Stock Exchange: RZN
Sultan Minerals Inc. (SUL:TSX-V) ("Sultan") is pleased to report assay results for nine holes, JS07-39 through JS07-47, from the on-going drill program on its 100% owned Jersey-Emerald tungsten-molybdenum property in southern British Columbia. Results from these nine holes continue to show good continuity to the recently identified East Emerald Tungsten Zone. The East Emerald is a sizeable zone of bulk tonnage, tungsten mineralization. The deposit is exposed on surface suggesting that much of the mineralization may be extracted by surface mining methods. The zone was previously intersected in drilling by Placer Dome in the 1950's and 1970's; and later by Sultan's drilling in 2006.
The drill results show a number of tungsten bearing horizons contained within a stratigraphic thickness of almost 700 feet. Sultan has intersected the zone in 26 drill holes that confirm the continuation of the tungsten mineralization over a length of 2,700 feet (800 metres) and a width of 700 feet (200 metres). The results show several horizons of 0.25% to 0.60% tungsten mineralization contained within wide zones of lower grade mineralization averaging 0.10 to 0.25% WO3. The zone remains open to the north, south and west. An additional factor in some of these holes is the significant molybdenum (MoS2) content found in the same horizon as the tungsten.
Significant intersections from holes JS07-39 through JS07-47 are given in the following table:
Note 2: Intersection angles vary from 15° to 90° suggesting that the true width of the mineralized horizons range from 25% to 100% of the intersection widths.
Drill hole JS07-39 was drilled to test the Lower East Emerald Horizon in the vicinity of the western limit of the Emerald intrusive. JS07-39 also carried significant molybdenum within a 65.0 foot thick drill intercept that assayed 0.22% WO3 and 0.11% MoS2. This hole is close to previously reported holes JS07-33, -34, -36 and -38 which also carried molybdenum within some of the tungsten horizons. Holes JS07-40, JS07-41 and JS07-42 were fan drilled from a single drill station to test the Lower East Emerald Horizon 300 feet south of hole JS07-39. Holes JS07-43, JS07-44 and JS07-45 traced the Lower East Emerald Horizon 500 feet to the south of its most southerly intersection in previous hole JS06-03. Holes JS07-43 to -45 also carried significant molybdenum where the tungsten horizon was intersected close to the granite intrusion. Holes JS07-46 and JS07-47 were step out holes that tested the Lower East Emerald Horizon 600 feet west of previously reported hole JS07-32.
Assays are presently awaited for 25 surface and underground drill holes in the ongoing drill program. Diamond drilling is currently 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 Spring 2008 drill program includes 12 drill holes to further test this molybdenum zone.
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". Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees the on-going diamond drilling programs.
For further information on Sultan's projects, visit www.sultanminerals.com
Please click to view Drill Hole Locations 2007 Drill Program Map.
Arthur G. Troup, P.Eng., Geological
If you would like to receive press releases via email please contact and specify "Sultan press releases" in the subject line.
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 Sultan expects are forward-looking statements. Although Sultan 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 Sultan, investors should review the Sultan's filings that are available at www.sedar.com or Sultan's website at www.sultanminerals.com.
You can view the Next 2008 News Releases item: Wed May 7, 2008, Metallics Gold Assay Increase Grade On Sultan Minerals' Kena Property, BC - Expanded Work Program Planned
You can view the Previous 2008 News Releases item: Tue Apr 15, 2008, Sultan Minerals Drills Bulk Tonnage Tungsten Mineralization at its Jersey-Emerald Property, BC, Canada
You can return to the main 2008 News Releases page, or press the Back button on your browser.