APEX RESOURCES INC. : http://www.apxresources.com/ : QwikReport

2007 News Releases

#Thu Dec 20, 2007
Sultan Minerals Drills First Hole To 1,800 Ft On Kena Gold Property, British Columbia

 
TSX Venture Exchange Symbol: SUL
SEC 12g3-2(b): 82-4741
Frankfurt Stock Exchange: RZN



Vancouver, B.C. - Sultan Minerals Inc. (SUL - TSX-V) ("Sultan") is pleased to report that the first hole of its current drill program at its 100%-owned, 8,000 hectare Kena Gold Property in British Columbia, has been completed at a depth of 548 metres (1,800 feet). Favorable alteration, locally displaying disseminations of fine free gold, was observed from the top of the hole to a depth of 457 metres (1,500 feet). The drill core is being split and logged to be sent out for "rush" assaying.

The focus of the drill program is to expand the gold resource announced in the NI 43-101 report of June 2004 which recommended a $1.2 million exploration program. Of particular interest to Sultan is a 7.0 kilometre long gold soil anomaly located near the north end of the property. The soil anomaly encompasses the Gold Mountain and Kena Gold Zones, both of which host large porphyry gold deposits.

The objective of this first hole is to explore the depth extension of the Gold Mountain Zone where previous drilling has shown grades of greater than 1.0 g/t gold to extend as deep as 240 metres below surface. Sultan's geologists report that the present hole was collared in the gold bearing Silver King Porphyry and the formation persisted to a depth of 457 metres (1,500 feet). Favorable alteration, locally displaying disseminations of fine free gold, was observed over this entire interval. At a hole depth of 457 metres (1,500 feet) the hole intersected the unmineralized volcanics that form the east wall of the Gold Mountain Zone. The hole was stopped at a depth of 548 metres (1,800 ft).

Sultan's President and CEO, Arthur G. Troup, commented "We are very excited by the fact that this drill hole persisted in the favourable host rocks for 457 metres. Geological information gathered from this hole suggests that the mineralized zone is steeply dipping to the west where it may extend to much greater depths. The drill casing has been left in the hole and in 2008 Sultan hopes to re-enter the hole with directional drilling equipment to test the western down dip extension of the zone. "

The Kena Gold Property is located 60 kilometres northeast of the historic Rossland Mining Camp in southeastern, British Columbia. Rossland was BC's second largest gold camp, with historic production of 3.0 million ounces of gold.

All aspects of the Company's project exploration program are supervised by Linda Dandy, P.Geo., of P&L Geological Services and a Qualified Person under National Instrument 43-101, "Standards of Disclosure for Mineral Projects." The program is being carried out in conjunction with the ongoing drilling program at the nearby Jersey-Emerald molybdenum, tungsten and lead-zinc property.

For further information on the Company's projects, visit www.sultanminerals.com.


Arthur G. Troup, P. Eng., Geological
President and CEO

For further information, please contact:
Marc Lee, Investor & Corporate Communications
Telephone: (604)687-4622 Fax: (604) 687-4212
Email: or

or

Catarina Cerqueira
Associate Account Manager
CHF Investor Relations
Phone: (416) 868-1079, Ext. 251
Email:

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulator authority has approved or disapproved the information contained herein.

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 the Company expects are forward-looking statements. Although the Company 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 the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com.

 
#Wed Dec 19, 2007
Sultan Minerals Completes Private Placement Financing

 Sultan Minerals Inc. (SUL-TSX Venture) ("Sultan") is pleased to announce that it has completed its previously announced non-brokered private placement of 3,803,000 units (the "Units") at a price of $0.35 per Unit for gross proceeds of $1.33 million. Each Unit is comprised of one (1) flow-through common share in the capital of Sultan, and one non-transferable non-flow-through share purchase warrant (the "Warrant"). Each Warrant entitles the holder to purchase one additional non-flow-through common share of Sultan at an exercise price of $0.50 per share until December 18, 2009, However, if Sultan's common shares trade on the TSX Venture Exchange at or above $0.60 per common share for 20 consecutive trading days, Sultan has the option to accelerate the expiration of the Warrant by providing notice in writing to the holder of the Warrants, whereby the Warrants will expire within 30 days from the date of such written notice.

Sultan paid cash finder's fees totalling $89,404.00 equal to eight percent (8%) of the gross proceeds received by it from the sale of Units arranged by arm's length finders (the "Finders"), and also issued to such Finders non-transferable warrants (the "Finder's Warrants") to purchase up to 319,300 common shares of Sultan (the "Finder's Warrant Shares") equal to ten percent (10%) of the aggregate number of Units sold to eligible investors arranged by such Finder. Each Finder's Warrant issued in relation to the sale of Units is exercisable to acquire a Finder's Warrant Share, at a price of $0.50 per share until December 18, 2009. However, if Sultan's common shares trade at or above $0.60 per share for 20 consecutive trading days, Sultan has the option to accelerate the expiration of the Finder's Warrants by providing notice in writing to the Finders, whereby the Finder's Warrant will expire within 30 days from the date of such written notice.

All shares, warrants and any shares issued upon exercise of warrants with respect to the above private placements are subject to a hold period and may not be traded until April 19, 2008. The gross proceeds from the sale of Units will be used for the exploration of Sultan's projects in Canada.

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 & Corporate Communications
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400 Email: mlee@sultanminerals.com or info@sultanminerals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.
 
#Fri Dec 7, 2007
Sultan Minerals Announces Private Placement Financing

 Sultan Minerals Inc. (SUL-TSX Venture) ("Sultan") is pleased to announce that, subject to regulatory approval, Sultan will carry out a non-brokered private placement of units (the "Units") at a price of $0.35 per Unit. Each Unit is comprised of one (1) flow-through common share in the capital of Sultan, and one non-transferable non-flow-through share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of Sultan for a period of 24 months from closing, at an exercise price of $0.50 per share. If Sultan's common shares trade on the TSX Venture Exchange at or above $0.60 per common share for 20 consecutive trading days, Sultan has the option to accelerate the expiration of the Warrant by providing notice in writing to the holder of the Warrants, whereby the Warrants will expire within 30 days from the date of such written notice.

Sultan may pay a cash finder's fee equal to eight percent (8%) of the gross proceeds received by it from the sale of Units arranged by arm's length finders (the "Finders"), and may also grant to such Finders non-transferable warrants (the "Finder's Warrants") to purchase that number common shares of Sultan (the "Finder's Warrant Shares") as is equal to ten percent (10%) of the aggregate number of Units sold to eligible investors arranged by such Finder. Each Finder's Warrant issued in relation to the sale of Units is exercisable to acquire a Finder's Warrant Share, at a price of $0.50 per share for a period of 24 months from the closing date of the private placement. If Sultan's common shares trade at or above $0.60 per share for 20 consecutive trading days, Sultan has the option to accelerate the expiration of the Finder's Warrants by providing notice in writing to the Finders, whereby the Finder's Warrant will expire within 30 days from the date of such written notice.

All shares, warrants and any shares issued upon exercise of warrants with respect to the above private placements are subject to a hold period and may not be traded for four months plus one day from the date of closing. The gross proceeds from the sale of Units will be used for the exploration of the Sultan's projects in Canada.

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 & Corporate Communications
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email: mlee@sultanminerals.com or info@sultanminerals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.
 
#Wed Nov 7, 2007
Sultan Minerals Commences 800 Metre Drill Hole To Expand Kena Gold Resource In British Columbia

 Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce that, due to the current very favourable gold price, the Company has commenced an exploration drill program on its 100% owned, 8,000 hectare Kena Gold Property. The first hole in the new program will test the depth extension of the Gold Mountain Zone to a depth of 800 metres (2,500 feet). The focus of the drill program is to expand the gold resource announced in the NI 43-101 report of June 2004. With a budget of $250,000, it is designed to execute a portion of the $1.2 million exploration program that was recommended in the 2004 Technical Report. The program will run in conjunction with the ongoing drilling program at the nearby Jersey-Emerald molybdenum, tungsten and lead-zinc property.

The Kena Gold Property is located 60 kilometres northeast of the historic Rossland Mining Camp in southeastern, British Columbia. Rossland was BC's second largest gold camp, with historic production of 3.0 million ounces of gold.

Of particular interest to Sultan is a 7.0 kilometre long gold soil anomaly located near the north end of the property. The soil anomaly encompasses the Gold Mountain and Kena Gold Zones, both of which host porphyry gold deposits.

Gold Mountain and Kena Gold Zones

On June 7, 2004, Sultan filed preliminary resource estimates in a NI 43-101 compliant technical report prepared by consultants Linda Dandy, P.Geo. and Gary Giroux, P.Eng. The report shows that the Gold Mountain and Kena Gold Zones have a measured and indicated resource of 24,860,000 tonnes containing 541,000 ounces of gold at an average grade of 0.66g/T using a 0.3 g/t cut-off grade for gold. There is an additional inferred resource of 25,800,000 tonnes containing 557,000 ounces of gold at the same grade (see News Release of June 7, 2004). The report stated that the resource has potential for expansion with additional diamond drilling.

Drilling on the Gold Mountain Zone has shown that the deposit contains bulk tonnage, porphyry style, gold mineralization and narrower, very high-grade gold shoots. Bulk tonnage mineralization is typified by drill hole 01GM-8 which assayed 1.15 g/T gold (cut) across 160.0 metres. An example of the very high-grade gold shoots is seen in hole 01GM-03 where a 1.23 metre core length assayed 240.07 g/T gold. True width of the high-grade drill hole intersection is not known but historic mining focused on high-grade quartz veins that ranged from 0.50 to 1.50 metres in width.

Kena Copper Zone

Sultan's property also hosts the Kena Copper Zone, a large copper porphyry target located approximately 2 kilometres south of the Kena Gold Zone. Sampling by Sultan Minerals shows the Copper Zone is defined by a prominent 2.5 kilometre long by 1.0 kilometre wide copper soil geochemical anomaly (refer to Sultan's website map at www.sultanminerals.com/s/KenaMaps.asp). Pre 43-101 diamond drill results and surface sampling by previous companies returned copper assays that ranged from 0.16% to 0.53% copper near the north end of the zone. Three quarters of the copper anomaly remains untested.

In addition to the large porphyry systems, the Kena Property is host to several smaller, high-grade, gold veins with historic gold production from the late 1800's and early 1900's.

Linda Dandy, P.Geo., of P&L Geological Services is the Company's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, "Standards of Disclosure for Mineral Projects".

For further information on the Company's projects, visit www.sultanminerals.com

Arthur G. Troup, P.Eng., Geological
President and CEO

For further information, please contact: Marc Lee, Investor & Corporate Communications Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400 Email: mlee@sultanminerals.com or info@sultanminerals.com
or
Catarina Cerqueira, Associate Account Manager CHF Investor Relations
Phone: (416) 868-1079, Ext. 251 Email: catarina@chfir.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.
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 the Company expects are forward-looking statements. Although the Company 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 the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com
 
#Mon Oct 29, 2007
Sultan Minerals Project Update, Jersey-Emerald Property, British Columbia, Canada

 

Vancouver, B.C. - Sultan Minerals Inc. (SUL - TSX-V) ("Sultan") is pleased to provide an update on its activities at its 100% owned Jersey-Emerald project in southeastern BC, Canada. Sultan is aggressively pursuing a number of activities on the property in order to expedite the re-opening of the historic tungsten and lead-zinc mines, which were formerly owned and operated by Placer Dome.

The 2007 work program budgeted for $2,000,000 is underway on the Jersey-Emerald property and includes the following:
  1. 40,000 feet of surface and underground diamond drilling to test the East Emerald Tungsten Zone, the East Dodger Tungsten Zone and the Dodger Molybdenum Zone. Diamond drilling and surface trenching are also testing extensions to the historic Jersey lead-zinc deposit.
  2. A preliminary scoping study to determine the economic parameters for a mining plan to develop the existing tungsten resource was successfully completed in May (see Press Release of May 23, 2007).
  3. Metallurgical testing of tungsten and molybdenum ore composites.
  4. Researching historic mine records, and entering historic diamond drill logs and assays into a digital mine model.
  5. Undertaking an environmental baseline study in order to expedite future development plans.
  6. Underground surveying of the historic Jersey lead-zinc workings in preparation for an evaluation of the remaining drilled out lead-zinc resource.
  7. Rehabilitating underground workings in preparation for a winter underground drill program.
Diamond drilling is currently continuing on the property and 61 drill holes, 19 underground and 42 surface holes, have now been completed in the Company's planned 2007, 40,000 ft, drill program. Assays have been received and reported for the initial 19 underground holes which investigated the East Dodger tungsten and molybdenum zones (refer to Press Release of June 6, 2007 and July 18, 2007). The surface drill program has targeted extension to the Jersey lead-zinc deposit (refer to Press Release of September 24, 2007), the East Emerald Tungsten Zone, and the Dodger Tungsten Zone. Samples from the initial six holes from this round of surface drilling were shipped to Acme Labs Ltd in mid-September and assays are anticipated shortly.
Drill logs and assays for an additional 200 drill holes in the Emerald Tungsten Deposit have been entered into the digital data base for the mine in the ongoing compilation of the historic mine records. This completes the drill hole data base for this historic mine and will allow the company to complete a resource evaluation for this deposit.

Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the ongoing diamond drilling programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, B.C., is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects." Standard sampling procedures are used whereby drill core is split with a core splitter and half of the core sent by trucking company directly to Acme Labs Ltd in Vancouver for assay by standard analytical procedures. The remaining half of the core is stored in the Company's core storage facility in Salmo, BC. All sample preparation was done at the laboratory by Acme staff. Checks are being run on 5% of the samples at Becqueral Laboratories in Mississauga, Ontario for tungsten and Assayers Canada in Vancouver, BC for other elements.

For further information on the Company's projects, visit www.sultanminerals.com

Arthur G. Troup, P.Eng., Geological
President and CEO

For further information, please contact:
Marc Lee, Investor & Corporate Communications
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email: mlee@sultanminerals.com or

or

Catarina Cerqueira
Associate Account Manager
CHF Investor Relations
Phone: (416) 868-1079, Ext. 251
Email:

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.

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 the Company expects are forward-looking statements. Although the Company 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 the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com

 

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