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Wed Sep 9, 2009 Sultan Minerals Identifies Strong New Exploration Targets on the Kena Gold-Copper Property, BC
Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce that it has received a summary report from Dr. Jim Oliver, P.Geo., following his independent assessment of Sultan's Kena Gold Property, located in southeastern British Columbia. The 30-page report is not a NI 43-101 technical document but summarizes Dr Oliver's assessment of the project, the structural controls of gold and copper mineralization on the property and makes recommendations for future work.
Dr. Jim Oliver's conclusions state that: "Geological, geophysical and geochemical vectors clearly demonstrate that several, strong exploration targets exist within the Kena land package. Kena is a very significant and likely undervalued gold-copper occurrence." Dr. Oliver has based his conclusions in part on the following observations and comments:
The Kena property contains numerous high strain zones, which are commonly gold mineralized. The strongest and most laterally persistent of these, the Kena Deformation Zone (KDZ), tracks the eastern contact between the Silver King Porphyry and the Elise Volcanics. This contact zone needs to be drill-tested on relatively broad, 200 metre centres. It is likely that the bulk of the gold mineralization on the northern half of the Kena property will occur less than 300 metres from this contact.
Historical drilling in the Kena project area has produced over 90 intersections in drill core that are greater than 5.0 g/t gold, often over greater than 2.0 metre intervals. Each "open" selected intersections of greater than 7.0 g/t gold will generate five exploration drill holes, one drill hole down dip and four drill holes along strike, two on a sectional plane 100 metres to the north of the intersection and two on a sectional plane 100 metres to the south of the intersection.
Both the Gold Mountain and Kena Zones, using Giroux and Dandy's (2004) resource numbers, have very similar net gold contents and grades. Gold Mountain Zone measured and indicated gold resources at a 0.7 g/t Au cut-off are: 3.4 million tonnes of 1.32 g/t Au (144,000 contained oz Au). Kena Gold Zone measured and indicated resources, using a 0.7 g/t Au cut off are: 3.23 million tonnes of 1.33 g/t Au (138,000 contained oz Au). In other words, both targets are roughly equivalent and field relations strongly suggest lithologic and structural similarities between these two zones. There is a very extensive strike length gap between the Kena Gold Zone and the South Gold Zone, which may be in part an artifact caused by the absence of data within these two zones. One can assume that the gold mineralization at the Gold Mountain Zone, Kena Gold Zone and South Gold Zone are all closely related to the same kinds of structural and lithological controls on gold mineralization. The potential between the South Gold Zone and Kena Gold Zone should also be carefully evaluated.
Embayments or irregularities in the contact between the Silver King Porphyry and the Elise Volcanics are easily identified based on offsets in the plan map magnetic contours or resistivity contours. Rate "open" drill core Au intersections higher in embayment areas than those in areas of linear contacts between the Silver King and Elise Volcanics. Offsets in the trace of this zone will produce dilatant points and potentially zones of enhanced gold mineralization. This same structural zone will dilate when the structural zone flattens. Enhanced gold mineralization may occur where the contact zone flattens or shallows in its dip, therefore shallow south-southeast plunges will correspond to the rake of higher grade mineralized zones.
High strain zones will exist distal to the west, to the Silver King -- Elise Volcanic contact at the Great Western and North Zones.
Gold mineralization at Gold Mountain is closely tied to dilatent zones within high strain zones associated with the contacts between the Silver King Porphyry and the Elise Volcanics. The bulk of the gold mineralization is most likely associated with broader scale lithological controls, changes in bulk rock competency and differences in anisotropy.
The gold and copper grade-width relations within the Kena Copper Zone are striking, and a porphyry copper-gold model may well be correct here. There is a positive qualitative correlation between copper and gold, approximately 1000 ppm copper to 100 ppb gold, and well developed gold-copper zonation patterns are emerging. The area lying to the southeast of the Kena Copper Zone represents one of the highest priority target areas within the Kena claim block and is itself a superb stand-alone exploration target.
An abundance of high quality exploration targets for both structurally controlled and potentially porphyry gold-copper model systems are present with the Kena project area. It would be easy to collar 20 to 30, 250 metre drill holes to test strong exploration targets in the Gold Mountain, South Gold and Kena Copper Zones.
The report strongly recommends additional exploration work including:
The eastern contact of the Silver King Porphyry be consistently identified and, in conjunction with additional vectors to mineralization (geochemistry -- geophysics) drill-tested on relatively broad, 200 m centres.
A careful re-evaluation of the gold and copper potential between the South Gold Zone and Kena Gold Zone.
Extensive geochemical, geophysical and geological follow-up of the southeastern extensions of the Kena Copper area.
A minimum of 5,000 metres of NQ core in 20 to 30 exploration boreholes be drilled on strong exploration targets in the Gold Mountain, South Gold and Kena Copper Zones.
Sultan is currently planning an advanced exploration program and is applying for permits to allow for testing of some of the recommendations put forward by Dr. Oliver.
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: Wed Sep 23, 2009, Sultan Minerals Resumes Exploration on the Kena Gold-Copper Project, BC
You can view the Previous News Releases item: Thu Aug 20, 2009, Sultan Minerals Intercepts 28 feet of 0.18% WO3 and Resumes Drilling on Its Jersey-Emerald Property, B.C.
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