|Thu Jul 19, 2012|
Sultan Minerals Announces Commencement of Drill Program at the Kena Gold-Copper Property, British Columbia, Canada
|July 19, 2012, Vancouver, BC - Sultan Minerals Inc. (SUL-TSX-V) ("Sultan") is pleased to announce that Sultan's Joint Venture partner, Altair Ventures Inc. ("Altair"), has commenced drilling on the Kena Gold-Copper Property, located in southeastern British Columbia. The diamond drilling program is an integral part of 2012 exploration work that includes on-going surface sampling, airborne surveying and data compilation work designed to expand the gold resources on the property, as well as to test several regional targets.|
The majority of historic work on the Kena Property has centered around two main zones; the Gold Mountain Zone (GMZ) and the Kena Gold Zone (KGZ). A recently released resource estimate showed a measured plus indicated resource of 25.53 million tonnes averaging 0.67 g/t Au and an additional inferred resource of 25.91 million tonnes averaging 0.61 g/t Au, using a 0.30g/t Au cutoff.
Total M&I resources for the two zones comprise 549,000 contained ounces of gold, while total Inferred resources comprise 513,000 ounces (see Sultan News Release dated June 27, 2012).
Sultan and Altair's consultants have utilized 3D modeling software in order to better visualize the results of historic drilling and exploration work on the property. Interpretations suggest that the GMZ and KGZ gold mineralization may be hosted within a structure that is continuous from one zone to the other, with potential for extension to the northwest and southeast, for a total strike length of 4 kilometres. The model also indicates that the mineralization in each zone is open to depth. Several areas were identified where the continuity of mineralization along the target corridor could be tested, with the goal of increasing the global gold resource for the property.
The 2012 diamond drilling program is designed to initially twin several existing drill holes for verification and calibration of laboratory results. An additional 16 drill sites have been identified as sequential step-outs from the known areas of mineralization, with more sites planned as a follow-up to these initial test holes. The 2012 drilling will also test for mineralization to depths beyond the current resource blocks.
Critchlow Diamond Drilling, based in Salmo, BC, has been contracted to complete a minimum of 5,000 metres of NQ2 size core diamond drilling on the property for 2012. All core will be logged and sampled by a professional geological crew based in Salmo, utilizing strict quality assurance and control measures. Samples will be split using a manual splitter or diamond saw as required. Samples will be shipped to a certified laboratory in Vancouver, BC. Drill core will be stored in a secure facility in Salmo, BC.
The Qualified Person for the Kena Property is Mr. Warner Gruenwald, P.Geo. and VP Exploration for Altair Ventures Inc.
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) 628-0519 Fax: (604) 628-0446
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: Mon Aug 20, 2012, Sultan Minerals Reports Intercepts of 2.07g/t Gold over 85.10 metres and 1.04g/t over 117.74 metres at Kena Gold Property in BC
You can view the Previous News Releases item: Wed Jun 27, 2012, Sultan Minerals Provides Resource Update on the Kena Project
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