|Thu Dec 4, 2003|
Sultan Minerals Expands Gold Mineralization At Kena
|Sultan Minerals Inc. (SUL-TSX Venture) is pleased to announce that it has now received the final assays for the 2003 diamond drilling program on its Kena Property, in the Kootenay District of British Columbia. Drilling focused on the Kena Gold Zone and the Gold Mountain Zone where previous drilling has discovered widespread concentrations of porphyry gold style mineralization. The recent drilling intersected and confirmed wide zones of gold mineralization.|
In the majority of the holes drilled on the Kena Gold and Gold Mountain Zones, the entire length of the drill holes average from 0.3 g/t gold to greater than 1.0 g/t gold and often contain one or more 1-2 metre intercepts of 10 g/t gold or greater (see previous news releases from 2001-2002). The high-grade gold intervals can have an important positive impact on the overall grade of the surrounding low-grade porphyry mineralization.
In the recent program, holes 03GM-65 to 70 were put in between grid lines 21+00N and 24+00N in order to test the northern extension of the Gold Mountain Zone porphyry mineralization and a 34.44 g/t gold intersection obtained from a high grade shear structure intersected previously in hole 02GM-62. Holes 03GM-71 and 72 were located at 2+50N and 1+50N respectively, in order to define the orientation of the high-grade mineralization previously intersected in hole 02GM-53 on grid line 2+00N (see News Release dated June 18, 2003). Both of these areas occur along a northwest trending alteration corridor that is seen as a prominent magnetic low (see attached map). The recent drilling expands the known gold mineralization for over 1.0 kilometre to the north and 0.9 kilometres to the south of the Gold Mountain Zone discovery area which is centred on grid line 11+00N.
Holes 03KG-01 to 03KG-14 tested the Kena Gold Zone, which is located 2.5 kilometres south of the Gold Mountain Zone discovery area. Historic drilling, between 1974 and 1991, indicated a large area of 'low grade bulk tonnage' gold mineralization in the Kena Gold Zone. Recent modeling of the historic drill data by Sultan indicated that infill drilling was required in order to do preliminary resource calculations. These 14 short holes drilled on the Kena Gold Zone were located to better define the near surface porphyry gold mineralization over a portion of the Kena Gold Zone. Drill casings were left in most of the holes in order that the holes could be extended during the next phase of drilling. The deepest historic hole on the Kena Gold Zone was NK91-3 which averaged 0.42 g/t gold over its entire length of 351.4 metres.
A total of 1100 metres of NQ diamond drilling was completed in 22 short holes in the recent drill program. Results are tabulated below.
Drill hole 03GM-65, which returned 14.66 g/t gold over 1 metre was drilled below trench 03TR-7 where chip sampling returned 66.83 g/t gold across a 2 metre zone (see News Release dated September 8, 2003). This drill hole and trench are located 235 metres along the strike of a shear structure from previous drill hole 02GM-62 which returned 34.44 g/t gold over 2.03 metres.
Drill hole 03GM-71, which returned 40.66 g/t gold over 1 metre, is a 54 metre northerly step out from previous drill hole 02GM-53 that returned 11.82 g/t gold over 2 metres.
Computer modeling and generation of block level plans and sections has been completed for all drill holes over the Gold Mountain Zone. Similar studies will be done on the Kena Gold Zone when the historic data has been updated with the new drill data. It is anticipated that preliminary resource calculations will be completed by early 2004, and will lead to recommendations for infill and expansion drilling for both zones.
Arthur G. Troup, P.Eng.
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
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