|Wed Sep 23, 2009|
Sultan Minerals Resumes Exploration on the Kena Gold-Copper Project, BC
|Sultan Minerals Inc. (SUL-TSX Venture) ("Sultan") is pleased to report that exploration has resumed on its 100% owned Kena Copper-Gold Property, located north of Ymir in southeastern BC. A two phase work program entailing geochemical sampling and induced polarization (IP) geophysical surveys will focus on drill target definition over the Kena Copper and South Gold zones. This work follows recommendations described in the J. Oliver report released September 9, 2009. |
The Oliver report states: "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." "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 Kena Copper Zone was initially identified with pre-NI 43-101 work programs carried out in the 1970s and 1980s by a number of exploration companies including Quintana, Lacana, Tournigan, Kerr Addison and Noramco. In 1977 a 21-metre trench sample reported 0.53% copper (Quintana, 1977). In 1981 a nearby drill hole by Kerr Addison intersected 0.27% copper over 51 metres. One kilometre to the southwest a second hole returned 0.18% copper over 45 metres.
Soil sampling has since identified a large, strong copper geochemical anomaly with associated gold values (refer to January 29, 2008, news release). This soil anomaly has dimensions of 2,500 metres in length and an average of 450 metres in width as outlined by the 300 ppm copper contour. Within the anomaly there are numerous soil samples assaying between 1,000 and 5,000 ppm copper. Accompanying the copper soil geochemistry anomaly is an associated, partially overlapping, strong cohesive gold geochemical anomaly with dimensions of 1,200 by 200 metres. In November 2008 a small trenching program carried out by Sultan returned an average grade of 0.26% copper and 0.137g/t gold over a 56-metre wide zone.
The 8,000-hectare Kena Property also encompasses the Gold Mountain and Kena Gold Zones, which host shear hosted, bulk tonnage, gold mineralization. The two zones have a measured and indicated NI 43-101 compliant resource of 11,820,000 tonnes containing 381,000 ounces of gold at an average grade of 1.0 g/t using a 0.5 g/t cut-off grade for gold. There is an additional inferred resource of 12,150,000 tonnes containing 389,000 ounces of gold at the same grade (refer to June 7, 2004, news release).
The IP survey will be carried out by Peter E. Walcott & Associates of Vancouver, BC and will focus on the Kena Copper Zone and its southeastern extension. The survey area has only recently been opened up by logging operations. The soil geochemical sampling program will be carried out by PBG Geoscience from Kamloops, BC. The geochemical survey will explore an unsampled area located between the north end of the Kena Copper Zone and Kena Gold Zone.
Perry Grunenberg, P.Geo., of PBG Geoscience is managing the exploration program 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 Sultan'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: firstname.lastname@example.org or email@example.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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