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2008 News Releases

#Tue Dec 16, 2008
Sultan Minerals Receives Environmental Baseline Report for the Jersey-Emerald Project, BC

 Sultan Minerals Inc. (SUL:TSX-V) ("Sultan" or the "Company") is pleased to announce that Wardrop Engineering Inc. ("Wardrop") has completed a report on a 12-month environmental baseline study carried out over its Jersey-Emerald property, located 10 km south of the community of Salmo in southeastern BC. The report represents another milestone in Sultan's efforts to expedite the re-opening of this historic tungsten and lead-zinc producer which was formerly owned and operated by Placer Dome.

The Wardrop report documents an aquatic environmental baseline study conducted for Sultan in and around the Jersey-Emerald property from August 2007 to July 2008. The study was conducted in support of a proposal for future certification under the British Columbia Environmental Assessment Act to provide a basis for assessing the potential effects of the project on the aquatic environment. The study included sampling stations located over and adjacent to the historic mine. Study components included water quality, hydrology, aquatic biology, and fish and fish habitat.

The report notes a couple of interesting factors worthy of mention:
  1. There was no clear indication that the old Jersey-Emerald mine site was affecting the aquatic habitat downstream of the mine workings.
  2. Lime Creek, which drains the majority of the historic mine site, does not support a fish community and is therefore not direct fish habitat.
In May 2007, a NI 43-101 scoping study completed by Wardrop demonstrated that the Jersey-Emerald Tungsten deposits could support a potentially commercial 1,100 t/day mining operation at a tungsten APT price of $244/MTU. The price of tungsten has since remained relatively stable with the current average price being $246/MTU for APT concentrate as of December 10, 2008 (Metals Bulletin).

The PEA was based on a measured and indicated resource of 2.51 million tons averaging 0.37% WO3 and an additional inferred resource of 1.21 million tons averaging 0.40% WO3, both at a cut off grade of 0.15% WO3. The report suggested that the economics of the operation would be substantially improved by expanding the tungsten resource with additional diamond drilling in order to justify a 2,000 t/day operation.

Sultan has since completed approximately 20,000 metres of diamond drilling in 87 diamond drill holes and is awaiting results of an updated tungsten resource estimate being carried out by Giroux Consultants. The updated NI 43-101 compliant resource report is expected to be available in early January.

Assays are pending for samples from a program of trenching and surface prospecting recently completed over the south end of the Jersey-Emerald property. A large tungsten and lead-zinc soil anomaly centred 3.0 km south of the historic mine suggests there is good potential for additional new discoveries on this 9,300 hectare property.

Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" as defined by NI 43-101, "Standards of Disclosure for Mineral Projects". Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees the on-going diamond drilling programs.

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: or

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.
 
#Tue Nov 18, 2008
Sultan Minerals Expands East Emerald Tungsten Zone at Jersey-Emerald Property, BC

 Sultan Minerals Inc. (SUL:TSX-V) ("Sultan" or "The Company") is pleased to report assay results for 13 diamond drill holes, ES08-02 through ES08-14, on its 100% owned Jersey-Emerald tungsten-molybdenum property in southern British Columbia. The 13 holes explored the East Emerald Tungsten zone, a sizeable body of low-grade, bulk tonnage, tungsten mineralization discovered by drilling in 2006 and 2007 (see News Releases of Jan 17, 2007 and April 15, 2008). Results are very favourable. The holes confirm continuity between the previous wide spaced drill holes and show extensions of the mineralization to the north and west.

The most striking tungsten intersections were obtained from Hole ES08-13 which carried 0.24% WO3 over a core length of 105.4 feet and Hole ES08-07 which carried 0.46% WO3 over a core length of 17.4 feet. Significant intersections from holes ES08-02 through ES08-14 are given in the following table:

DRILL-HOLE
NUMBER

GRID
North

GRID
East

AZMTH
/DIP

FROM
(feet)

TO
(feet)

WIDTH
(feet)

WO3
(%)

MoS2
(%)

ES08-02

9543

7990

115/-45

341.00

372.50

31.50

0.07

 

and

 

 

 

392.90

394.40

1.50

0.20

 

and

 

 

 

394.40

402.80

8.40

 

0.11

and

 

 

 

498.80

503.15

4.35

0.64

0.16

and

 

 

 

646.00

661.30

15.30

0.10

 

ES08-03

10122

8756

295/-56

182.70

194.30

11.60

0.08

and

 

 

 

412.70

420.90

8.20

0.13

 

and

 

 

 

454.50

463.25

8.75

0.17

0.06

Including

 

 

 

454.50

458.90

4.40

0.30

0.09

 

 

 

 

 

 

 

 

 

ES08-04

9982

8520

115/-80

69.90

78.00

8.10

0.10

 

and

 

 

 

586.60

598.70

12.10

0.10

 

Including

 

 

 

586.60

589.60

3.00

0.23

 

ES08-05

9985

8525

295/-45

164.50

166.00

1.50

0.21

 

and

 

 

 

292.60

330.10

37.50

0.13

0.04

Including

 

 

 

292.60

311.90

19.30

0.17

0.08

Including

 

 

 

299.50

306.90

7.40

0.16

0.17

Including

 

 

 

326.20

330.10

3.90

0.37

 

 

 

 

 

 

 

 

 

 

ES08-06

9865

8250

115/-80

221.90

259.50

37.60

0.15

0.02

Including

 

 

 

238.20

250.70

12.50

0.31

0.05

Including

 

 

 

238.20

241.20

3.00

0.48

 

and

 

 

 

382.15

391.90

9.75

0.14

0.03

 

 

 

 

 

 

 

 

 

ES08-07

9865

8250

115/-60

196.10

201.60

5.50

0.15

 

and

 

 

 

247.10

264.50

17.40

0.46

 

Including

 

 

 

247.10

251.80

4.70

0.52

 

and

 

 

 

316.60

320.50

3.90

0.05

0.12

and

 

 

 

707.60

738.00

30.40

0.09

0.05

Including

 

 

 

723.60

725.30

1.70

0.16

0.81

 

 

 

 

 

 

 

 

 

ES08-08

9658

8062

290/-70

152.90

183.00

30.10

0.10

 

Including

 

 

 

152.90

157.50

4.60

0.19

 

Including

 

 

 

166.65

172.00

5.35

0.21

 

and

 

 

 

222.00

229.45

7.45

0.51

0.25

Including

 

 

 

226.70

229.45

2.75

1.10

0.67

 

 

 

 

 

 

 

 

 

ES08-09

9425

7952

0/-90

126.80

178.10

51.30

0.16

 

Including

 

 

 

126.80

146.60

19.80

0.29

 

Including

 

 

 

126.80

131.35

4.55

0.63

 

and

 

 

 

219.00

222.20

3.20

0.09

0.23

and

 

 

 

241.70

244.00

2.30

0.38

 

and

 

 

 

259.60

277.40

17.80

 

0.09

and

 

 

 

277.40

284.00

6.60

0.13

 

 

 

 

 

 

 

 

 

 

ES08-10

9718

7903

290/-60

34.05

44.10

10.05

0.22

 

and

 

 

 

56.30

60.50

4.20

 

0.07

 

 

 

 

 

 

 

 

 

ES08-11

9465

7775

0/-90

6.80

76.90

70.10

0.10

 

Including

 

 

 

29.00

37.80

8.80

0.22

 

 

 

 

 

 

 

 

 

 

ES08-12

9465

7775

285/-50

9.00

16.60

7.60

0.07

 

Including

 

 

 

9.00

10.60

1.60

0.12

 

and

 

 

 

16.60

20.50

3.90

 

0.07

ES08-13

9230

7710

0/-90

13.20

118.60

105.40

0.24

 

Including

 

 

 

36.20

46.30

10.10

0.39

 

Including

 

 

 

78.90

113.30

34.40

0.33

 

Including

 

 

 

99.10

113.30

14.20

0.48

 

 

 

 

 

 

 

 

 

 

ES08-14

9000

7635

0/-90

11.30

28.20

16.90

0.11

 

Including

 

 

 

19.40

23.50

4.10

0.14

 

Note 1: All dimensions and core lengths are recorded in feet in order that results are compatible with the historic mine grid and the existing database of 5,600 drill holes. Convert feet to metres by multiplying by 0.304.
Note 2: Intersection angles vary from 15 to 90 suggesting that the true width of the mineralized horizons range from 25% to 95% of the intersection widths.


Sultan has now intersected the East Emerald Tungsten zone in 39 drill holes that confirm the continuation of the tungsten mineralization over a length of 3,300 feet (1,000 metres) and a width of 700 feet (200 metres) (see News Release of April 29, 2008). The drill results continue to show multiple horizons of 0.25% to 0.60% tungsten mineralization contained within wide zones of lower grade mineralization averaging 0.10 to 0.25% WO3. Many of these holes carry significant molybdenum (MoS2) concentrations within the same horizons as the tungsten. The mineralization remains open to the north, south and west.

Sultan has four additional surface drill holes planned for the current round of drilling and is completing a program of trenching and surface prospecting over the south end of the Jersey-Emerald property. Results for an updated tungsten resource estimate being carried out by Giroux Consultants are expected to be available shortly. The price of tungsten has remained relatively stable at $250/MTU for APT concentrate (as of Oct. 31, Metals Bulletin).

With more than $2,000,000 in working capital in the treasury Sultan is well positioned to complete the work programs planned for its projects.

Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" as defined by NI 43-101, "Standards of Disclosure for Mineral Projects". Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees the on-going diamond drilling programs.

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. 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 Nov 3, 2008
Sultan Minerals Trenches 0.26% Copper Over 56 Metres On Its Kena Property, BC

 

Vancouver, BC - November 3, 2008 - Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce that it has now received assay results from a small trenching program on its Kena Copper-Gold Property, located in southeastern British Columbia. The results confirm a broad zone of low-grade copper mineralization that will require further exploration.

A total of 390 metres was excavated in 8 wide-spaced trenches, which tested a 1.9-kilometre strike length of a 2.5-kilometre long copper soil geochemical anomaly referred to as the Kena Copper Zone. Elevated copper values were obtained in three of the trenches, with trench KCT-01 returning the highest overall average of 0.26% copper over a 56-metre wide zone (see Table below).

TRENCH LOCATION FROM (m) TO
(m)
WIDTH (m) COPPER (%) GOLD (ppb)
KCT-01 L101+00N,0+25W 0 56 56 0.26 137
including   12 14 2 0.67 302
including   28 32 4 0.74 165
KCT-04 92+75N, 0+90W 0 48 48 0.10 102
including   18 28 10 0.27 226
KCT-06 L82+00N, 4+75W 20 40 20 0.11 131

The remaining 6 trenches intersected low copper mineralization and elevated gold values in trenches KCT-02 and 06, which returned 2-metre intervals of 0.84 and 0.76 g/t gold, respectively.

In late 2007, rock chip sampling from a short adit near trench KCT-04 returned 0.51% copper across a 26-metre wide zone, with the best 2 metre chip sample assaying 1.65% copper and 530 ppb gold (refer to January 29, 2008, news release).

The Kena Copper Zone was initially identified in the 1970s with work programs carried out in the 1970s and 1980s by a number of exploration companies including Lacana, Tournigan, Kerr Addison and Noramco. Soil sampling has since identified a large, strong copper geochemical anomaly with associated gold values (refer to January 29, 2008, news release). This soil anomaly has dimensions of 2,500 metres in length by an average of 450 metres in width as outlined by the 300 ppm copper contour. Within the anomaly there are numerous soil samples assaying between 1,000 and 5,000 ppm copper. Accompanying the copper soil geochemistry anomaly is an associated, partially overlapping, strong cohesive gold geochemical anomaly with dimensions of 1,200 by 200 metres.

In 2002, Sultan tested the north end of the gold anomaly with 4 short diamond drill holes. The southernmost hole SG-04 returned a 90 metre interval (from 0 to 90 metres depth) grading 0.87 g/t gold and 0.08% copper. The collar of this diamond drill hole is located about 500 metres west of trench KCT-04.

Work programs by prior operators included limited trenching and seven wide-spaced diamond drill holes near the north end of the 2.5-kilometre long copper soil anomaly. Results showed broad zones of elevated copper values including an 82.0 metre adit, grading 0.16% copper (Lacanex, 1975). A nearby drill hole yielded 0.18% copper over 45 metres (Kerr Addison, 1981). Another drill hole located one kilometre to the northwest yielded 0.27% copper over 51 metres (Kerr Addision, 1981), and a nearby 21-metre trench sample yielded 0.53% copper (Quintana, 1977).

The 8,000-hectare Kena Property also encompasses the Gold Mountain and Kena Gold Zones, which host porphyry gold deposits. The two zones have a measured and indicated NI 43-101 compliant resource of 24,860,000 tonnes containing 541,000 ounces of gold at an average grade of 0.68 g/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 (refer to June 7, 2004, news release).

Category Tonnes > cutoff Ounces Au Grade Au (g/t) Cutoff Au (g/t)
Measured and Indicated 24,860,000 541,000 0.68 0.30
Inferred 25,800,000 557,000 0.67 0.30

Linda Dandy, P.Geo., is the 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 the Company's projects, visit www.sultanminerals.com.


Arthur G. Troup, P.Eng.
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: or

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. 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.

 
#Tue Sep 30, 2008
Letter to Shareholder

 Share volume in Sultan Minerals has seen unusual volume today due to selling from Cormack Securities. Sultan Minerals would like to assure investors that there have been no changes to Sultan's fundamentals and that the selling may be due to other factors in the market place.

Sultan Minerals is currently awaiting results from a summer drill program on the Jersey Emerald Property and from a trenching program on the Kena Gold Property. Sultan has also contracted Giroux Consultants to update the resource estimate for tungsten on the Jersey Emerald Property.

For more 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

Regards,

Marc Lee
Corporate Communications
Sultan Minerals
1-888-267-1400
 
#Wed Sep 17, 2008
Sultan Minerals Presents New Corporate Video and Publication of "Jewel of The Kootenays - The Emerald Mine"

 Sultan Minerals Inc. (SUL: TSX-V) ("Sultan") is pleased to announce that a new corporate video titled "Operation Headstart" has been completed and is available for viewing on Sultan's website at www.sultanminerals.com. The video details Sultan's Jersey Emerald Property and Kena Gold Property providing in depth video footage of the existing infrastructure and current exploration programs. The video also provides a site visit and an interview with Mr. Perry Grunenberg, Senior Geologist and Qualified Person for the Jersey Emerald Project. The Jersey Emerald was historically Canada's second largest tungsten mine and British Columbia's second largest lead-zinc mine. Sultan is currently awaiting assays for 12 recently completed surface drill holes on the East Emerald Tungsten Zone and is awaiting a resource estimate update expected later this year.

A compelling new book entitled "Jewel of the Kootenays - The Emerald Mine" by author Larry G. Jacobsen has just become available. This wonderful book provides a glimpse into mining and the lives of people in a British Columbia mining town more than half a century ago. The Emerald Mine, part of Sultan's Jersey Emerald Property, was located near the town of Salmo, in the West Kootenay area of southern BC. Life in a company town evokes a picture of isolation, deprivation and hardship, but from the many personal accounts, the reader will learn that this mine was very different. The book is carefully researched and richly illustrated with hundreds of photographs, diagrams and maps. It includes the stories gleaned from the author's interviews with 100 of the mine's workers and their families. The book also includes detailed descriptions of the mine's operations and innovations at the time. Mr. Jacobsen has extensive knowledge about mining and company mining towns. He worked as a miner for 13 years at a number of mines in British Columbia, including the Emerald Mine. The book is available through:

Salmo Arts & Museum Society
100 - 4th Street, Salmo, BC, V0G 1Z0 or
Directly from the author at

For more information on purchasing "Jewel of the Kootenays - The Emerald Mine", please visit Sultan's website at 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
Email: or

Barbara Komorowski, or Eric St.-Pierre
Renmark Financial Communications
Tel: (514) 939-3989
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.
 

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