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Vancouver, B.C. July 3,
2007 Sultan Minerals Inc. (SUL - TSX-V) (RNZ - Freiverkehr) ("Sultan") is
pleased to announce that it has engaged Wardrop Engineering to undertake an
environmental baseline study on the Companys 100% owned Jersey-Emerald
project located in British Columbia.
Sultan is aggressively advancing the development of the Jersey-Emerald
project with the objective of re-opening the historic tungsten and lead-zinc
producing mine, which was formerly owned and operated by Placer Dome.
The environmental
assessment will take approximately 14 months to complete and will primarily
cover water quality data and biological sampling including fish,
invertebrates and habitat description.
In conjunction with this environmental baseline study Wardrop are
supervising metallurgical studies that are currently underway on the tungsten
and molybdenum mineralization.
Mr. Arthur G. Troup,
President and CEO stated We are very focused on bringing the Jersey-Emerald
Mine back into production as quickly as possible. To date in 2007, we have completed a 14,000-foot drill program
designed to expand the known Dodger molybdenum and tungsten zones at the
Jersey-Emerald Property (See Press Releases of April 25, 2007 and June 6,
2007). In May we completed our NI
43-101 Scoping Study (Preliminary Economic Assessment, see Press Release of
May 23, 2007) and we successfully completed a $3.6 million financing that was
oversubscribed. By engaging Wardrop
Engineering to undertake the environmental baseline studies at this point in
the development of the project, Sultan expects to expedite the production
permitting stage for the property.
Wardrop is a well-known
Canadian Engineering Firm with ISO 9001:2000 certification (ISO certification
is an international recognition of best practice, commitment to quality and
consistency in products and services).
About Sultan Minerals Inc.
Sultan Minerals Inc.
is a Canadian exploration company concentrating on advanced exploration at
two former producing mines in southeastern British Columbia, Canada, one
primarily for gold (Au) the Kena Property and the other for molybdenum (Mo)
and tungsten (W) the Jersey-Emerald Property. The Company is a member of the Lang Mining Group, which has
more than 45 years of experience in precious metal exploration, including the
discovery of the Hemlo Gold Mine in Ontario and both the Ferderber and
Sleeping Giant gold mines in Quebec. Sultan Minerals Inc. trades on the
TSX-Venture Exchange under the symbol SUL.
Mr. Ed Lawrence, P.Eng., former Manager of the
Jersey and Emerald Mines, is managing an ongoing exploration drill program
designed to expand the molybdenum and tungsten zones reported in the Initial
Resource Estimate completed in November 2006. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience of Kamloops,
B.C., is Sultan's project supervisor and "Qualified Person" for the
purpose of National Instrument 43-101, "Standards of Disclosure for
Mineral Projects."
Sultan expects that final assay results from the
14,000-foot drilling program on the Dodger zone will be available for release
by the end of July 2007.
For
more information about Sultan and its mineral property interests, please see
our 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
Toll Free: 1-888-267-1400
Email: mlee@sultanminerals.com or info@sultanminerals.com
or
Linda Armstrong, Vice
President
CHF Investor Relations
Phone: (416) 868-1079, Ext. 229
Email: Linda@chfir.com
Should you wish to receive Company news via email, please email catarina@chfir.com and specify Sultan
Minerals News in the subject line or contact the Company directly.
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 has
been prepared by management and no regulatory authority has approved or
disapproved the information contained herein.
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