|Tue Nov 5, 2013|
Sultan Minerals Commences Sampling Program on the Daylight Gold Property, B.C.
|Vancouver, BC - November 5, 2013 : Sultan Minerals Inc. (TSX-V: SUL; "Sultan") is pleased to announce that Jack Denny and Associates of Salmo, BC, have been contracted to conduct a prospecting and sampling program on Sultan's Daylight Gold Property located south of the community of Nelson, British Columbia.|
The Daylight property was initially staked and worked in 1893 following discovery of the famous Silver King Copper-Silver Mine located 500 metres to the south. The Daylight Property is host to a number of vein, stockwork and porphyry style gold and gold-copper occurrences including the historic Starlight, Victoria, and Daylight gold-silver-copper mines.
The Starlight, Victoria and Daylight mines were operated intermittently from 1937 to 1949 and shipped high grade gold, copper and silver ores to Trail, BC for refining. The historic mines focused on quartz veins that were up to 1.5 metres in width. The quartz veins are surrounded by a low grade network of smaller veins in an altered shear zone that is reported to be up to 50 metres wide. Associated sulfides, consisting of pyrite with variable amounts of chalcopyrite occur both in the quartz veins and in the surrounding altered shear zone.
In 2003, Walcott and Associates completed an Induced Polarization (IP) survey over the Daylight Property. The survey results showed the three mines were connected by a large complex zone of strongly anomalous chargeability readings trending northwest across the Daylight property and open at both its southeastern and northwestern extremities (see map). Walcott concludes that there is reasonable probability for the existence of porphyry style gold-copper mineralization in the underlying rocks, and recommends that the target be investigated by trenching and diamond drilling. The anomaly was not followed up because Sultan did not completely own the Daylight property at that time.
The Daylight property was eventually acquired by Sultan in November 2011. The current prospecting and sampling program will attempt to verify the grades of the historic workings and prepare the zone for an expanded trenching and drilling exploration program in 2014.
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: email@example.com or firstname.lastname@example.org
For further information on Sultan's projects, visit www.sultanminerals.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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