|Wed Aug 11, 2010|
Sultan Minerals Discovers and Samples 800 Metres of Historical Drill Core At Its Kena Gold Property, BC
|Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to report that field surveys, under the supervision of P&L Geological Services of Kamloops, B.C, are currently underway on its Kena Gold-Copper Property, located in southeastern British Columbia.|
In July, Sultan completed an IP geophysical survey of the Kena Copper Zone on the property. The survey successfully defined a continuous six kilometre long geophysical anomaly trending south from the Gold Mountain and Kena Gold Zones to the south end of the Kena Copper Zone (see News Release dated July 20, 2010). Geophysical modeling and field geological studies suggest the anomaly is reflecting sulphide mineralization emplaced in a strongest and laterally persistent deformation zone that runs north-westerly across the property (see News Release dated September 9, 2009).
The current field surveys are designed to accurately locate diamond drill targets over this extensive geophysical target. Studies completed to date show that all significant showing and four historic gold mines on the property are associated with areas of strong IP geophysical response (see map). The program has also discovered that several historic diamond drill holes from previous exploration programs intersected the margins of the geophysical anomaly but in many cases were only partially assayed or were not assayed for copper. Sultan has now located, sampled and sent for assay approximately 800 metres of un-sampled diamond drill core remaining from the historical programs. Copper and gold assays for these drill holes are anticipated in approximately 3 weeks.
Present studies are focusing on the Kena Copper and Kena Gold zones but work may extend into the adjacent Gold Mountain zone. The planned diamond drill program is expected to commence at the end of August.
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.
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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