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 Mon Sep 8, 2003
Sultan Minerals Releases Summer Results Of Kena Gold Project

 Sultan Minerals Inc. (SUL-TSX Venture) is pleased to announce that it has now completed its Phase 1 trenching and mapping programs on its Kena Property, in the Kootenay District of British Columbia. The trenching program focused on exposing bedrock above four diamond drill holes that returned high-grade gold intersections along the recently identified, magnetic corridor (see news release dated June 18, 2003).

A structural mapping program, carried out in conjunction with the trenching, was completed by Dr. Trygve Hoy. This mapping program has given an understanding of both local and regional ore controls that will assist in targeting areas for follow up by trenching and diamond drilling.

Trenching Program
The trenching program successfully located the surface exposures of the ore controlling structures that were intersected in drill holes along the magnetic corridor. At surface the structures were found to be badly decomposed and leached due to surface weathering but elevated gold assays were obtained from the structures confirming their importance to ore emplacement. Trench 03TR-7, located 235 metres along strike from diamond drill hole 02GM-62, returned the only economic gold assays. In this trench chip samples, taken across a 4 metre wide section that contained quartz veinlets with coarse visible gold, assayed 35.26 g/t gold. This included a 2 metre wide section that carried 66.83 g/t gold.
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TRENCH #    FROM (m)  TO (m)   WIDTH (m) GOLD (g/t)
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03TR-7       17.3      21.3      4.0      35.26
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Including    17.3      19.3      2.0      66.83
----------------------------------------------------
And          19.3      21.3      2.0       3.69
----------------------------------------------------

Geological Mapping Program
The final report for a geological mapping program conducted by Dr. Trygve Hoy has been received by the Company. The report concludes that "gold within the Gold Mountain Zone and its northern extension appears to mainly reflect higher gold content within an original pyrite-K-feldspar-gold zone, within a porphyry system, developed in the upper part of the Silver King intrusion. However, gold content appears to have been upgraded locally by brittle, northwest trending Phase 2 structures that are associated with magnetite reduction and pyrite introduction. On a regional scale this Phase 2 magnetite destruction coincides, at least in part, with the prominent magnetic low corridor."

The report recommends that more detailed mapping in the main mineralized area (the Gold Mountain Zone) and in the South Gold Zone should be done. "This work will incorporate previous mapping information as well as information obtained from trench mapping, alteration and structural studies and drill data. This will more clearly define controls of gold mineralization in the target areas and help direct further trenching and drilling."

The Company plans to complete this recommended addition to the mapping program prior to diamond drilling of the recognized mineralized structures.

Athabasca Mine
In March 2003 Sultan Minerals optioned the historic Athabasca mine located 3.0 kilometres north of the Gold Mountain Discovery Zone. BC Government records state that historic production from the mine totaled 20,000 tonnes averaging 31.2 g/t gold, 10 g/t silver and minor lead, zinc and copper values. During the above exploration program chip samples were collected at 8 locations along the surface trace of the Athabasca vein. The sample results confirmed the gold bearing nature of the vein but because of loss of gold due to surface weathering most of the samples assayed much lower than the reported production grade. The following table shows the results of this preliminary chip-sampling program.
    ATHABASCA VEIN CHIP SAMPLES
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SAMPLE #     CHIP WIDTH(cm)   GOLD (g/t)
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03AJ-3           32              0.02
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03AJ-4           57             82.11
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03AJ-5           80              9.33
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03AJ-6           38              0.23
---------------------------------------
03AJ-7           20              0.94
---------------------------------------
03AJ-8           60              1.94
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03AJ-9           30              0.30
---------------------------------------
03AJ-10          35              6.52
---------------------------------------

Geophysical Program
Peter E. Walcott and Associates (geophysical contractor) was recently contracted to undertake a 12 line-kilometre ground magnetic survey over the northern portion of the Kena Property. The purpose of this work was to trace the important magnetic corridor north to the vicinity of the Athabasca mine workings. This ground survey is nearing completion but work has been temporarily suspended on the property due to the extreme forest fire hazard throughout southern British Columbia.

As soon as the fire hazard condition has abated, the ground magnetic survey and the recommended additions to the mapping program will be completed in order to clearly define the gold enriched structures in preparation for diamond drill testing. The Company is currently well funded to complete the magnetic and geological mapping surveys and to conduct a diamond drill program this season. Linda Dandy, P.Geo, of P&L Geological Services, is the Qualified Person for this exploration project.



Arthur G. Troup, P.Eng.
President


For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com

No regulatory authority has approved or disapproved the information contained in this news release
 
 

You can view the Next News Release Archive item: Mon Sep 22, 2003, Sultan Minerals Resumes Exploration At Kena Back-Country Ban Lifted

You can view the Previous News Release Archive item: Tue Sep 2, 2003, Sultan Minerals Second Quarter Results

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