Sultan Minerals Inc

Published : January 29th, 2008

Confirms Copper Zone At Kena Gold Property, BC

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Home

Corporate
Info

News
Releases

Stock
Info

Projects

News
Articles

Contact
Us

Tuesday, January 29, 2008

Sultan Minerals Confirms Copper Zone At Kena Gold Property, BC


Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce that it has now received encouraging soil geochemical and rock chip sample results from the Kena Copper Zone on its Kena Property, located in southeast British Columbia.

Thirteen contiguous 2-metre rock chip samples taken from a short adit showed a 26-metre zone grading 0.51% copper. The best 2-metre chip sample assayed 1.65% copper and 530 ppb gold. During the course of chip sampling a number of grab samples were also collected from cross-cutting quartz veins and mineralized shears. These quartz veins assayed as high as 4.62% copper and 1,033 ppb gold (see table).

The sampling program was carried out in August and September of 2007. Soil samples were taken as a due diligence test within a large (2,500 m by 450 m) copper soil anomaly discovered by previous operators. The soil lines were put in at 200 metre intervals between the historic soil lines which were also spaced 200 metres apart. Rock chip samples were collected from two historic adits located centrally within the Kena Copper Zone. No historical records have been found describing these adits.

SAMPLE NO.

DESCRIPTION

WIDTH (m)

COPPER (%)

GOLD (ppb)

KCU-1-G30

Adit 1 - grab shear

 

2.26

723

KCU-1-G34

Adit 1 - grabquartz vein

 

4.62

1033

KCU-2-GA

Adit 2- grabquartz vein

 

0.57

153

KCU-2-GB

Adit 2 - grabquartz vein

 

0.63

219

KCU-2-G28

Adit 2 - grabquartz vein

 

2.79

1007

KCU-2 8-34

Adit 2 - Contiguous chip samples

26.0

0.51

178

KCU-2 8-10

Adit 2 - chip

2.0

0.61

231

KCU-2 10-12

Adit 2 - chip

2.0

1.16

216

KCU-2 12-14

Adit 2 - chip

2.0

0.21

82

KCU-2 14-16

Adit 2 - chip

2.0

0.44

124

KCU-2 16-18

Adit 2 - chip

2.0

0.25

116

KCU-2 18-20

Adit 2 - chip

2.0

0.10

73

KCU-2 20-22

Adit 2 - chip

2.0

0.08

47

KCU-2 22-24

Adit 2 - chip

2.0

0.10

69

KCU-2 24-26

Adit 2 - chip

2.0

0.40

237

KCU-2 26-28

Adit 2 - chip

2.0

1.65

530

KCU-2 28-30

Adit 2 - chip

2.0

1.14

295

KCU-2 30-32

Adit 2 - chip

2.0

0.26

112

KCU-2 32-34

Adit 2 - chip

2.0

0.26

182

KCU-2 8-34

Adit 2 - Contiguous chip samples

Total 26.0

0.51

178


The Kena Copper Zone consists of a body of alkalic porphyry style copper-gold mineralization. It is situated along the border of a large monzodiorite complex. Chalcopyrite and pyrite occur as disseminations, fracture fillings and in quartz veinlets within the intrusive rocks, and as weaker disseminations and fracture fillings in adjacent tuffaceous rocks. The copper mineralization commonly includes malachite. The area has been variably silicified by quartz veins that both cross and follow the foliation. They vary from weak to strong and occur as narrow fracture fillings, weak stockworks or rarely thick veins up to 0.5 metres wide which often contain pyrite and chalcopyrite. The nature of the veining combined with results from analytic data appear to reflect more than one period of emplacement.

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 (results of which have now been confirmed by Sultan) identified a large, strong copper geochemical anomaly with associated gold values. This soil anomaly has dimensions of 2,500 metres in length by an average of 450 metres wide 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. There are also several smaller gold geochemical anomalies scattered throughout the entire copper anomaly.

Prior work programs 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 with an associated gold signature. Typical examples include chip samples collected along the entire length of an 82.0 metre adit, grading 0.16% copper (Lacanex in 1975). A nearby drill hole yielded 0.18% copper over 45 metres (Kerr Addison in 1981). Another drill hole about one kilometre to the northwest yielded 0.27% copper over 51 metres (Kerr Addision in 1981), and a nearby 21-metre trench sample yielded 0.53% copper (Quintana in 1977).

The 8,000-hectare Kena Property also encompasses the Gold Mountain and Kena Gold Zones, which host porphyry style gold deposits. The two zones have a measured and indicated 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 (see News Release of June 7, 2004).

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


Sultan is presently awaiting assays from a 548-metre (1,800 foot) diamond drill hole completed on the Gold Mountain Zone in November 2007. The objective of the hole is to expand the Gold Mountain gold resource by drilling to depth.

Due to the success of this recent copper exploration program an expanded work program is planned for the Kena property in 2008. Plans for the program will be finalized when the results of the Gold Mountain drill program become available.

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., Geological
President and CEO

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

Sultan Minerals Inc

EXPLORATION STAGE
CODE : SUL.V
ISIN : CA86556L1004
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Sultan Min. is a zinc and lead exploration company based in Canada.

Sultan Min. holds various exploration projects in Canada and in USA.

Its main exploration properties are KENA and JERSEY-EMERALD in Canada and GARNET in USA.

Sultan Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 673 860 as of today (US$ 520 287, € 468 206).

Its stock quote reached its highest recent level on May 31, 1996 at CA$ 3.65, and its lowest recent point on July 15, 2016 at CA$ 0.01.

Sultan Min. has 134 771 918 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Sultan Minerals Inc
2007 Annual Report
Financings of Sultan Minerals Inc
1/10/2012Announces Non-Brokered Private Placement
7/3/2009Completes Brokered Private Placement
5/14/2007Completes First Tranche Of Private Placement Financing
5/3/2007Announces Private Placement Financing
Nominations of Sultan Minerals Inc
11/16/2009Appoints Robin Merrifield CA (S.A.) to its Board of Director...
Project news of Sultan Minerals Inc
11/11/2013Announces Disposition of the Jersey Emerald Property, B.C.
11/5/2013Commences Sampling Program on the Daylight Gold Property, B....
4/30/20132013 Exploration Update
9/10/2012(Kena)Reports Successful Drill Expansion of Gold Mineralization at...
7/19/2012(Kena)Announces Commencement of Drill Program at the Kena Gold-Cop...
9/13/2011(Kena)Applies for Drill Permit for Kena Gold Property, BC.
7/5/2011$6,500,000 Drill Program Recommended for Sultan Minerals Cop...
1/25/2011(Kena)Intersects 1.55 Metres of 7.94g/t Gold at its Kena Property,...
10/19/2010(Kena)Confirms High Grade Gold Corridor at Kena Property, BC
5/5/2010(Garnet)to Drill Zinc Targets at the HB & Garnet Zinc Mines, Jersey-...
3/1/2010(Jersey-emerald)Reports Substantial Ni 43-101 Lead-Zinc Resource Estimate
1/15/2010(Garnet)Discovers Potential for large Extensions to the HB & Garnet ...
10/1/2009(Garnet)Acquires Garnet Lead-Zinc Mine
9/28/2009Intersects 0.76% Tungsten (WO3) on its Jersey Emerald Proper...
8/20/2009(Jersey-emerald)Intercepts 28 Feet of 0.18% WO3 and Resumes Drilling on Its ...
6/23/2009(Jersey-emerald)Resumes Drilling on Its Tungsten-Molybdenum Property
5/21/2009(Kena)Commences Exploration At Its Kena Gold Property, BC
2/17/2009(Jersey-emerald)Identifies Potential New Tungsten And Zinc Deposits At Jerse...
1/21/2009(Jersey-emerald)Tungsten Resource
12/16/2008(Jersey-emerald)Receives Environmental Baseline Report for the Jersey-Emeral...
11/18/2008(Jersey-emerald)Expands East Emerald Tungsten Zone at Jersey-Emerald Propert...
11/3/2008(Kena)Trenches 0.26% Copper Over 56 Metres On Its Kena Property, B...
8/26/2008(Kena)Trench Porphyry Copper-Gold Zone On Its Kena Property, BC
8/18/2008(Jersey-emerald)Drills Impressive 85 Foot Zone of 0.16% MoS at its Jersey-Em...
7/22/2008(Jersey-emerald)Expanding Tungsten and Molybdenum Resource at Its Jersey-Eme...
6/23/2008(Jersey-emerald)Intersects High Grade Molybdenum Veins at its Jersey-Emerald...
6/2/2008Intersects 28.50 Feet of 3.98% Lead and 0.71% Zinc at its Se...
5/7/2008(Kena)Metallics Gold Assay Increase Grade On Sultan Minerals' Kena...
3/27/2008(Jersey-emerald)Expands Tungsten and Zinc Mineralization at its Jersey-Emera...
3/13/2008(Jersey-emerald)Intersects Lead-Zinc and Gold at its
Jersey-Emerald Mol...
2/27/2008(Kena)Drills 430.0 Metres (1,428 Ft) Of Gold Mineralization On Its...
2/11/2008(Jersey-emerald)Intersects Stratiform Lead-Zinc-Silver at its Jersey-Emerald...
1/29/2008(Kena)Confirms Copper Zone At Kena Gold Property, BC
11/7/2007Commences 800 Metre Drill Hole to Expand Kena Gold Resource ...
10/29/2007(Jersey-emerald)Project Update, Jersey-Emerald Property, British Columbia, C...
9/24/2007Discovers High-Grade Extension to its Jersey-Emerald Lead-Zi...
8/8/2007(Jersey-emerald) Acquires Additional Surface Rights at Jersey-Emerald Tungst...
7/18/2007(Jersey-emerald)Confirms High-Grade Moly & Discovers New Lead & Zinc Zone At...
6/6/2007(Jersey-emerald)Intersects Spectacular Zone of Molybdenum At Jersey-Emerald ...
5/23/2007(Jersey-emerald)NI 43-101 Scoping Study For Tungsten Operation
Corporate news of Sultan Minerals Inc
7/28/2016Apex Resources Inc. Applies for Multi-Year Permit to Test Hi...
7/15/2016Name Change and Consolidation
6/22/2016Sultan Minerals Inc. Announces 10:1 Share Consolidation and ...
5/12/2016Sultan Minerals Engages PBG Geoscience Ltd for its High Grad...
5/9/2016Sultan Minerals Inc. Plans Sampling and Metallurgical Testin...
3/31/2016Sultan Minerals and Margaux Resources Amend Option Agreement...
12/31/2015Sultan Minerals and Margaux Resources Amend Option Agreement...
6/27/2012(Kena)Provides Resource Update on the Kena Project
4/3/2012Altair Agreement Approved By TSX-Venture Exchange
11/29/2011Signs Letter of Intent with Tunxsten Resources to Develop th...
6/23/2011Provides Shareholder Update
3/8/2011(Jersey-emerald)to Assess Rich Silver Mineralization on its Jersey-Emerald T...
8/10/2010Adopts Shareholder Rights Plan
2/3/2010Anticipates Significant Lead Zinc Resource Estimate for its ...
1/11/2010Identifies Two Priority Geophysical Targets on its HB Zinc P...
11/26/2009Correction: Sultan Minerals Acquires Aspen Lead-Zinc-Silver ...
9/10/2009Identifies Strong New Exploration Targets on the Kena Gold-C...
1/8/2009Focussing On Metals Unaffected By The Commodities Crunch
9/17/2008Presents New Corporate Video and Publication of "Jewel of Th...
9/10/2008Project Validated by $542,000 Geoscience BC Survey
6/20/20082008 Annual General Meeting
6/11/2008Retains Renmark Financial Communications Inc.
4/29/2008Expands Tungsten Zone at its Jersey-Emerald Property, BC
4/15/2008Drills Bulk Tonnage Tungsten Mineralization at its Jersey-Em...
12/20/2007Drills First Hole To 1,800 Ft On Kena Gold Property, British...
8/23/2007Featured on CEO Clips on The Biography Channel
8/15/2007National Post Article Featuring Sultan Minerals
7/3/2007 Engages Wardrop Engineering To Conduct Environmental Study ...
6/20/2007Acquires Surface Rights To Additional 150 Acres At Jersey-Em...
5/29/2007Completes Final Tranche of $3.6 Million Financing
5/17/2007Commences Underground Mine Survey At Jersey-Emerald Zinc Min...
5/1/2007Reports On Annual & Special General Meeting Results
2/8/2007Cabo to drill underground for Sultan Minerals Inc.
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SUL.V)Other OTC (SLMLF)
0.005-50.00%0.048-20.00%
TSX-V
CA$ 0.005
07/15 14:33 -0.010
-50%
Prev close Open
0.010 0.010
Low High
0.005 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -50.00%
Volume 1 month var.
297,000 -50.00%
24hGold TrendPower© : -37
Produces
Develops
Explores for Gold - Lead - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.44-1.26%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.55+0.79%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.63-0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.35-2.35%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+4.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22-6.52%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.83+5.17%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.42-1.48%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :