|Mon Nov 3, 2008|
Sultan Minerals Trenches 0.26% Copper Over 56 Metres On Its Kena Property, BC
Vancouver, BC - November 3, 2008 - Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce that it has now received assay results from a small trenching program on its Kena Copper-Gold Property, located in southeastern British Columbia. The results confirm a broad zone of low-grade copper mineralization that will require further exploration.
A total of 390 metres was excavated in 8 wide-spaced trenches, which tested a 1.9-kilometre strike length of a 2.5-kilometre long copper soil geochemical anomaly referred to as the Kena Copper Zone. Elevated copper values were obtained in three of the trenches, with trench KCT-01 returning the highest overall average of 0.26% copper over a 56-metre wide zone (see Table below).
The remaining 6 trenches intersected low copper mineralization and elevated gold values in trenches KCT-02 and 06, which returned 2-metre intervals of 0.84 and 0.76 g/t gold, respectively.
In late 2007, rock chip sampling from a short adit near trench KCT-04 returned 0.51% copper across a 26-metre wide zone, with the best 2 metre chip sample assaying 1.65% copper and 530 ppb gold (refer to January 29, 2008, news release).
The Kena Copper Zone was initially identified in the 1970s with work programs carried out in the 1970s and 1980s by a number of exploration companies including Lacana, Tournigan, Kerr Addison and Noramco. Soil sampling has since identified a large, strong copper geochemical anomaly with associated gold values (refer to January 29, 2008, news release). This soil anomaly has dimensions of 2,500 metres in length by an average of 450 metres in width as outlined by the 300 ppm copper contour. Within the anomaly there are numerous soil samples assaying between 1,000 and 5,000 ppm copper. Accompanying the copper soil geochemistry anomaly is an associated, partially overlapping, strong cohesive gold geochemical anomaly with dimensions of 1,200 by 200 metres.
In 2002, Sultan tested the north end of the gold anomaly with 4 short diamond drill holes. The southernmost hole SG-04 returned a 90 metre interval (from 0 to 90 metres depth) grading 0.87 g/t gold and 0.08% copper. The collar of this diamond drill hole is located about 500 metres west of trench KCT-04.
Work programs by prior operators included limited trenching and seven wide-spaced diamond drill holes near the north end of the 2.5-kilometre long copper soil anomaly. Results showed broad zones of elevated copper values including an 82.0 metre adit, grading 0.16% copper (Lacanex, 1975). A nearby drill hole yielded 0.18% copper over 45 metres (Kerr Addison, 1981). Another drill hole located one kilometre to the northwest yielded 0.27% copper over 51 metres (Kerr Addision, 1981), and a nearby 21-metre trench sample yielded 0.53% copper (Quintana, 1977).
The 8,000-hectare Kena Property also encompasses the Gold Mountain and Kena Gold Zones, which host porphyry gold deposits. The two zones have a measured and indicated NI 43-101 compliant resource of 24,860,000 tonnes containing 541,000 ounces of gold at an average grade of 0.68 g/t using a 0.3 g/t cut-off grade for gold. There is an additional inferred resource of 25,800,000 tonnes containing 557,000 ounces of gold at the same grade (refer to June 7, 2004, news release).
Linda Dandy, P.Geo., is the project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, who has reviewed and verified the contents of this news release.
For further information on the Company's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng.
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
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. For more information on Sultan, investors should review 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: Tue Nov 18, 2008, Sultan Minerals Expands East Emerald Tungsten Zone at Jersey-Emerald Property, BC
You can view the Previous 2008 News Releases item: Tue Sep 30, 2008, Letter to Shareholder
You can return to the main 2008 News Releases page, or press the Back button on your browser.