|Mon Dec 13, 2010|
Sultan Minerals Resumes Drilling High Grade Gold Target on the Kena Property, Bc
|Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to report continued drilling at its 100%-owned, 8,000 hectare, Kena Gold-Copper Property in British Columbia. This next round of drilling, scheduled to commence on December 13, 2010, is a continuation of the 2010 drill program. New targets developed from re-modeling of all drill holes within the Gold Mountain zone will be tested.|
On October 18, 2010, Sultan released results from the 2010 fall drilling program, with average gold grades for 14 intersections within a 5.65 kilometres long, deep seated mineralized structure. These intersections averaged 15.65 g/t over a minimum 2.00 metre mining width. Sultan is very pleased with the continuous nature of the gold mineralization along this deep-seated structural corridor. The prior drill holes all lie along the same northwest-southeast trending structure lying to the west of the previously reported Gold Mountain and Kena Gold Zone deposits (for resource estimate see News Release dated June 7, 2004). On November 4, 2010, Sultan released results from hole 10HG-05 that show a broad low grade gold halo averaging 1.33 g/t gold over 25.12 metres including a high grade intersection of 6.19 g/t gold over 2.4 metres.
The focus of this new drilling is to further test dyke structures interpreted to parallel high grade shoots within the larger envelopes of lower grade gold mineralization. A new interpretation based on Sultan's consultant geologist's work using Surpac 3-D modeling of bedrock geology, structure, and mineralized zones, was developed from all drill holes and trenching completed to date. The drilling is designed to test a new mineralizing structural orientation, as well as expand and further define the known resource.
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. Please note Sultan Minerals Inc. new office address and phone numbers:
Sultan Minerals Inc.
Suite 2000, 1066 West Hastings Street
Tel: (604) 628-0519
Fax: (604) 628-0446
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.
You can view the Next News Releases item: Tue Jan 25, 2011, Sultan Minerals Intersects 1.55 Metres of 7.94g/t Gold at its Kena Property, BC
You can view the Previous News Releases item: Mon Nov 29, 2010, Sultan Minerals Inc. Reports Third Quarter Exploration Results
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