|Wed Nov 10, 2010|
Sultan Minerals Expands Copper King Zone 0.24% Copper Equivalent Over 210.55 Metres
|Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to report that it has now received the remainder of the assay results from its 2010 diamond drilling program on its Kena Property, located in southeastern British Columbia. These results include values from 2 holes drilled into the Copper King Zone and a single hole that tested the southernmost section of the high-grade gold corridor. The Copper King Zone drill holes intersected broad widths of copper and gold mineralization (see Table below). The drill holes tested an IP geophysical anomaly that is 6,000 metres long and 900 metres wide indicating potential for a sizeable zone of bulk tonnage copper-gold mineralization which is currently open for expansion in all directions.|
Hole 10CK-01 carried copper mineralization over its entire length of 394.78 metres with a copper equivalent grade of 0.164%. The upper 210.55 metres carried the highest grades averaging 0.237% copper equivalent. Within this zone there is a 20 metre high grade section that gave a copper equivalent grade of 0.624%.
Hole 10CK-02 carried copper mineralization over its entire length of 138.76 metres with a copper equivalent grade of 0.127%. The best copper values occurred in the lower 24.69 metres which carried a copper equivalent grade of 0.271%, with the highest grades encountered at the bottom of the hole which ended in a copper equivalent grade of 0.427% over the final 6.69 metres.
Earlier in 2010, encouraging copper-gold assays were obtained from Sultan's sampling of historic diamond drill core stored on the property since 1980s (see News Release dated September 8, 2010). These historic drill holes, combined with those just completed, confirm the copper-gold potential of the Copper King Zone.
Drill hole 10CK-01 is located 100 metres northwest of hole k90-4 which intersected 388.6 metres with a copper equivalent grade of 0.18%. The hole is 2.0 km southeast of drill hole 81-4 which had a 117 metre intersection with a copper equivalent grade of 0.29%.
Sultan's President Art Troup states: "We are extremely pleased with the results from this small drill program on the Copper King Zone. These wide intersections of copper-gold mineralization within an extensive geophysical anomaly confirm Dr. Jim Oliver's 2009 statement that the Copper King Zone is one of the highest priority target areas within the Kena claim block and is itself a superb stand-alone exploration target."
Final assay results were also received for the southernmost gold target diamond drill hole. This hole was drilled along the High grade Corridor 3.5 kilometres south of drill hole 10HG-05. The hole followed up favorable gold results from prior drill hole 02SG-04 which intersected a mineralized shear zone that assayed 12.63 g/t gold over 2.0 metres. The current drill hole 10SG-05 successfully intersected the same mineralized shear zone which at this location assayed 2.028 g/t gold over 1.21 metres, within a 10.35 metre alteration halo that averaged 0.70 g/t gold.
The Copper King mineralization lies within an elliptical IP geophysical anomaly that is 6,000 metres long and 900 metres wide. The geophysical anomaly encompasses the Kena Gold and Gold Mountain zones at the north end suggesting there is mineral zoning within the large mineralized system. The Company's geologists recommend an extensive drill program to better define the extent of the copper-gold mineralization which is open in all directions and at depth.
Linda Dandy, P.Geo., is managing the exploration drill program and is Sultan's 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: 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
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