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 Wed May 11, 2016
Sultan Minerals Engages PBG Geoscience Ltd for its High Grade Gold Projects in BC.

 

Vancouver, BC -- May 11, 2016: Sultan Minerals Inc. (TSX-V: SUL; “the Company, “Sultan”) is pleased to announce that it has engaged Perry Grunenberg, P. Geo., of PBG Geoscience to plan and permit sampling and metallurgical testing programs for its Kena and Daylight Gold Properties located 10 km south of the town of Nelson in southeastern, British Columbia.

The proposed work programs will involve trenching, sampling, bulk sampling, metallurgical testing and diamond drilling of high grade gold zones on each of the two properties. On the Kena property PBG have selected 9 sites for excavator trenching and sampling with 90 tonne bulk samples taken from each successful site. The sample will be trucked to an off-site processing facility. Diamond drilling is proposed for 5 sites where deeper sampling is necessary. The proposed Daylight exploration program recommends excavator trenching and sampling at 13 sites. Five 200 tonne bulk samples are proposed with the samples trucked offsite for processing. Diamond drilling is proposed for 10 sites where deeper sampling is required.

The 7,500 hectare Kena Property centres on an 8.0 km long gold belt that is host to the large, bulk tonnage, KGM gold deposit (Apr 21, 2016, News Release).  The KGM deposit had been tested with 34,000 metres of diamond drilling in 214 drill holes. Drilling shows that the low grade deposit is comprised of a series of high grade veins and shoots that remain open along strike and at depth (April 2013, NI43-101 resource estimate). The proposed program will focus on testing the high grade mineralization.

The 500 hectare Daylight Crown Granted claims located adjacent to the Kena property are host to the historic high grade Daylight, Starlight, Victoria and Great Eastern gold mines.  The four mines operated intermittently from 1898 to 1949 working narrow but high grade gold deposits, BC Minfile numbers: 082FSW172, 173, 174 and 175.  On the Daylight property the proposed work program will test extensions to the historic mines and several recently discovered deposits (Oct 21, 2014, News Release).

Sultan director, Linda Dandy P.Geo., is working with Perry Grunenberg in planning the programs. The proposed work programs are subject to financing.  Ms. Dandy is also Sultan’s "Qualified Person" for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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: or

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: Wed Jun 22, 2016, Sultan Minerals Inc. Announces 10:1 Share Consolidation and Name Change

You can view the Previous News Releases item: Tue Apr 26, 2016, Sultan Minerals Inc. Plans Sampling and Metallurgical Testing for High Grade Gold Mineralization on its Kena and Daylight Properties

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