| Thu Mar 25, 2010 Sultan Minerals Receives Approval To Acquire Hb Mineral Claim, Tenure 693188 | |
March 25, 2010, Vancouver, BC - Sultan Minerals Inc. (SUL-TSX Venture) ("Sultan") is pleased to announce that the TSX Venture Exchange has accepted for filing documentation of Sultan's acquisition of HB Mineral Claim, Tenure 693188, located at UTM co-ordinates 5,443,100N and 485,600E near Salmo, British Columbia, Canada. (Please refer to news release on March 16, 2010). The Tenure 693188 Property overlies a series of tunnels that provide access to the HB and Garnet lead-zinc mines. This acquisition is part of Sultan's ongoing strategy to build its land package surrounding the Jersey-Emerald property and the recently acquired HB and Garnet Mines. (Please see news releases of October 1 and 27, 2009). Recent soil geochemical surveys over the HB and Garnet Zinc zones show potential for extensions and parallel zones of lead zinc mineralization. A magnetometer geophysical survey has also identified two, new, high priority geophysical targets adjacent to and along strike from the two historic mines. (Please see news releases of January 11 and 15, 2010). Sultan is planning work programs to test the potential of these and other target areas in 2010. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience of Kamloops, B.C., is supervising the geochemical and geophysical programs and is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects". 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 and Corporate Communications Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400 Email: mlee@sultanminerals.com or info@sultanminerals.com This release was prepared by Sultan's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 Sultan's filings that are available at www.sedar.com or Sultan's website at www.sultanminerals.com. | |
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