Sultan Minerals Inc

Published : June 06th, 2007

Intersects Spectacular Zone of Molybdenum At Jersey-Emerald Property

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Keywords :   Diamond | Emerald | Jersey | Market | Molybdenum | Tungsten |

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Sultan Minerals Intersects Spectacular 548 Foot Zone

of 0.10% Molybdenum at the Jersey-Emerald Property, B.C.

Vancouver, B.C. June 6, 2007 Sultan Minerals Inc. (SUL-TSX V) ("Sultan") is pleased to provide assays for the first six underground Diamond drill holes, completed during the current 14,000 foot (4,200 metre) drill program on its 100% owned Jersey-Emerald Molybdenum-Tungsten Property located near Salmo, BC. Drill-Hole JM07-04, was the highlight of the six holes. This remarkable hole assayed 0.10% molybdenum (MoS2) over a core length of 548.0 feet and averaged 0.04% MoS2 over its entire 1,529 foot length. The hole contained several higher grade sections including 0.28% MoS2 over 79.9 feet, 0.23% MoS2 over 43.0 feet and 1.81% MoS2 over 9.9 feet.

The six widespread holes were drilled in the East Dodger molybdenum Zone, and were designed to investigate the lateral limits of the molybdenum mineralization. The holes were low angle (horizontal) holes drilled in a fan formation from a single underground drill station located 900 feet south of the Dodger Molybdenum Discovery Zone (see news releases of October 3, 2005, October 13, 2005 and February 22, 2006). The widely spaced holes tested for molybdenum mineralization to the north, west and south of the drill station. Significant molybdenum mineralization was encountered in four of the six holes.

Mr. Arthur G. Troup, President and CEO said Sultan is extremely pleased with the results of the six Diamond drill holes received to date. Due to the success of the present program, the Company is in discussion with the drill contractor for an additional 20,000 feet of surface Diamond drilling on the Dodger and East Emerald zones.

The East Dodger molybdenum zone has now been tested with 27 drill holes and mineralization has been intersected in 25 of these holes. Molybdenum mineralization occurs over an area measuring 3,400 feet north-south by 900 feet east-west. The zone remains open to the east, west and at depth. The high-grade mineralization encountered in Drill-Hole JM07-04 is located 500 feet west of the high-grade intersections reported previously for the Dodger Molybdenum Discovery Zone. These intersections appear to be associated with a high-grade, east-west trending corridor that remains open to the east and west.

Drilling has now been completed in 19 holes out of a planned program of 50 holes for 2007. Holes JM07-07 through JM07-15 and hole JM07-19 investigated the lateral limits of the Dodger tungsten mineralization. Holes JM07-16 through JM07-18 are follow-up holes to the high-grade molybdenum intersection in hole JM07-04. Visible mineralization has been reported in many of these holes including holes JM07-16 through JM07-18. All drill core is presently being logged and split and assay results are expected in July.

Significant intersections from the six drill holes are given in the following table:

 

DRILL-HOLE

#

FROM

(feet)

TO

(feet)

WIDTH

(feet)

MOS2

(%)

 

 

JM07-01

348.40

364.00

15.60

0.05

 

 

Including

350.00

352.00

2.00

0.17

 

 

and

870.00

939.00

69.00

0.04

 

 

Including

932.00

939.00

7.00

0.35

 

 

and

1,430.00

1,432.00

2.00

0.32

 

 

 

 

 

JM07-02

Abandoned

 

 

 

 

 

JM07-03

424.30

429.00

4.70

0.20

 

 

and

444.00

641.50

197.50

0.04

 

 

Including

496.60

500.50

3.90

0.43

 

 

and

561.50

583.00

21.50

0.07

 

 

and

605.10

609.00

3.90

0.19

 

 

and

876.40

880.20

3.80

0.20

 

 

 

 

 

JM07-04

0.00

1,529.00

1,529.00

0.04

 

 

Including

739.00

1,368.00

629.00

0.09

 

 

Including

789.00

1,338.00

548.00

0.10

 

 

Including

789.10

869.00

79.90

0.28

 

 

Including

789.10

799.00

9.90

1.81

 

 

and

1,155.00

1,198.00

43.00

0.23

 

 

Including

1,190.00

1,198.00

8.00

0.60

 

 

 

 

 

JM07-05

Un-mineralized

 

 

 

 

 

JM07-06

926.00

956.00

30.00

0.13

 

 

Including

926.00

936.00

10.00

0.25

 

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 5,600 drill hole database.

Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the ongoing exploration 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."

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

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.

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 Companys website at www.sultanminerals.com.

 

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

 



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Sultan Minerals Inc

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CODE : SUL.V
ISIN : CA86556L1004
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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.

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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.
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