|Thu May 21, 2009|
Sultan Minerals Commences Exploration At Its Kena Gold Property, BC
|Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce that it has contracted Dr. Jim Oliver, P.Geo. to conduct a structural mapping program on its Kena Gold Property, located in southeastern British Columbia.|
The Kena Property contains two areas of porphyry style gold mineralization -- the Gold Mountain and Kena Gold Zones, which were the subject of a National Instrument 43-101 resource estimate in 2004 co-authored by G.H. Giroux, P.Eng., MASc. and Linda Dandy, P. Geo. The two zones have a measured and indicated resource of 24,860,000 tonnes containing 541,000 ounces of gold and an additional inferred resource of 25,800,000 tonnes containing 557,000 ounces of gold at a cut off grade of 0.30 g/t (see News Release of June 7, 2004).
Dr. Oliver's field program will commence on June 1st. In preparation for the project he is reviewing and evaluating prior published and in-house reports, diagrams and evaluations completed by several geological experts (from industry and government) who have previously undertaken work for Sultan on the Kena Property; including David Rhys, M.Sc., P.Geo., Kathryn P.E. Dunne, M.Sc., P.Geo., Dr. Trygve Hoy, and Jim Logan, P.Geo. of the BC Geological Survey Branch.
Geologic trends and strong geophysical and geochemical features indicate that the two gold zones relate to the same features and infill drilling between the zones may increase the current resource estimate. These features also extend beyond the limits of the Gold Mountain and Kena Gold porphyry mineralization, most predominantly toward the south where a third gold zone (the South Gold Zone) lies 3 kilometres away.
In conjunction with the porphyry gold mineralization, the large Kena Property also has significant copper porphyry potential in its Kena Copper Zone (see News Release dated November 3, 2008), and gold-silver vein style mineralization at its historic Euphrates, Victoria, and Starlight Mines. The gold, copper and goldsilver mineralizations are each believed to be related to individual mineralizing events.
Dr. Oliver will expand on the existing data in order to determine structural features and orientations that are responsible for mineral controls, zonations and deposit orientation and extensions. His work will include recommendations for work programs designed to expand the known mineralized zones and identify their structural and mineralogical constraints.
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.
Sultan is actively seeking potential joint venture opportunities with senior mining companies that have the capability of advancing the Kena Property towards development.
For further information on Sultan's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng.
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: email@example.com or firstname.lastname@example.org
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.
You can view the Next News Releases item: Tue Jun 23, 2009, Sultan Minerals Resumes Drilling on Its Tungsten-Molybdenum Property
You can view the Previous News Releases item: Wed May 6, 2009, Sultan Minerals Announces Brokered Private Placement
You can return to the main News Releases page, or press the Back button on your browser.