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Cours Or & Argent

Sultan Minerals Inc

Publié le 08 août 2007

Acquires Additional Surface Rights at Jersey-Emerald Tungsten-Molybdenum Property, B.C.

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Wednesday, August 08, 2007

Sultan Acquires Additional Surface Rights at Jersey-Emerald Tungsten-Molybdenum Property, B.C.

Vancouver, B.C. - August 8, 2007 - Sultan Minerals Inc. (SUL-TSX-V) ("Sultan") is pleased to announce that it has entered into a purchase agreement (the "Agreement") with Steve Okipnak (the "Seller") of Calgary, Alberta to acquire 100% of the rights, title and interest in the surface rights to twenty two (22.0) acres of land (the "Property") overlying part of the Jersey Claim Group located near Salmo, British Columbia.

Mr. Arthur G. Troup, President and CEO stated "We are aggressively taking the necessary steps to advance the known molybdenum, tungsten and lead-zinc deposits at our Jersey-Emerald mine. With this recent land acquisition, Sultan now owns more than 1,100 acres of surface rights over the proposed mine site including the access portals to the known deposits and the future mill site as proposed by Wardrop Engineering in the May 23, 2007, Technical Report."

The Okipnak Property overlies the conveyor tunnel that transported ore from the former Jersey Lead-Zinc Mine and the access tunnel to the former underground crusher chamber in the historic Emerald Tungsten Mine. The Property is crossed by the access roads to the proposed future mill site.

Under the terms of the Agreement, Sultan has agreed to make a one-time cash payment of $18,100 and issue 30,000 common shares to the Sellers for the purchase of the Property. The Agreement is subject to regulatory approval.

No common shares will be issued as bonuses, finder's fees or commissions in connection with this transaction. The common shares issued pursuant to the Agreement are subject to a hold period of four (4) months, plus one (1) day from the date of issuance.

The Jersey-Emerald property is host to the historic Emerald Tungsten Mine, Canada's second largest tungsten mine and the former Jersey Lead-Zinc Mine, which was British Columbia's second largest lead-zinc producer.

On May 23, 2007, Sultan filed a National Instrument 43-101 compliant Technical Report for the Jersey-Emerald Property, which was prepared by Wardrop Engineering Inc. The study identifies a potentially commercial tungsten operation at current prices. Sultan is presently progressing with its 50 drill hole exploration program on the Dodger and East Emerald tungsten and molybdenum zones. If successful, the program will significantly expand the size and grade of the deposits and substantially improve the economics of the project.

Assays for the first nineteen holes of this drill program were released on June 6 and July 18, 2007. The nineteen holes were drilled to test the Dodger Tungsten and Molybdenum zones. Four of the holes carried wide intersections of bulk-tonnage-grade molybdenum mineralization. The holes demonstrate excellent grade and lateral continuity to a zone that remains open in all directions. Drill-hole JM07-04 was the highlight of the four 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.

Exploration is currently ongoing on the property. Excavator trenching is tracing out the northern extensions of the Jersey Lead-Zinc and East Emerald Tungsten Zones where diamond drilling will commence in mid-August. Surface drill pads are being prepared well in advance of drilling in order to facilitate drill moves. Underground cavity monitoring surveys are being run in the historic Jersey Lead-Zinc Mine. The cavity monitoring survey accurately outlines the previously mined ore deposits in order that the location of the remaining lead-zinc mineralization in these deposits may be precisely determined.

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 of 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

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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Sultan Minerals Inc

EXPLORATEUR
CODE : SUL.V
ISIN : CA86556L1004
Suivi et investissement
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Sultan Min. est une société d’exploration minière de zinc et de plomb basée au Canada.

Sultan Min. détient divers projets d'exploration en USA et au Canada.

Ses principaux projets en exploration sont KENA et JERSEY-EMERALD au Canada et GARNET en USA.

Sultan Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 673 860 CA$ (520 287 US$, 468 206 €).

La valeur de son action a atteint son plus haut niveau récent le 31 mai 1996 à 3,65 CA$, et son plus bas niveau récent le 15 juillet 2016 à 0,01 CA$.

Sultan Min. possède 134 771 918 actions en circulation.

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Rapports annuels de Sultan Minerals Inc
2007 Annual Report
Financements de Sultan Minerals Inc
10/01/2012Announces Non-Brokered Private Placement
03/07/2009Completes Brokered Private Placement
14/05/2007Completes First Tranche Of Private Placement Financing
03/05/2007Announces Private Placement Financing
Nominations de Sultan Minerals Inc
16/11/2009Appoints Robin Merrifield CA (S.A.) to its Board of Director...
Projets de Sultan Minerals Inc
11/11/2013Announces Disposition of the Jersey Emerald Property, B.C.
05/11/2013Commences Sampling Program on the Daylight Gold Property, B....
30/04/20132013 Exploration Update
10/09/2012(Kena)Reports Successful Drill Expansion of Gold Mineralization at...
19/07/2012(Kena)Announces Commencement of Drill Program at the Kena Gold-Cop...
13/09/2011(Kena)Applies for Drill Permit for Kena Gold Property, BC.
05/07/2011$6,500,000 Drill Program Recommended for Sultan Minerals Cop...
25/01/2011(Kena)Intersects 1.55 Metres of 7.94g/t Gold at its Kena Property,...
19/10/2010(Kena)Confirms High Grade Gold Corridor at Kena Property, BC
05/05/2010(Garnet)to Drill Zinc Targets at the HB & Garnet Zinc Mines, Jersey-...
01/03/2010(Jersey-emerald)Reports Substantial Ni 43-101 Lead-Zinc Resource Estimate
15/01/2010(Garnet)Discovers Potential for large Extensions to the HB & Garnet ...
01/10/2009(Garnet)Acquires Garnet Lead-Zinc Mine
28/09/2009Intersects 0.76% Tungsten (WO3) on its Jersey Emerald Proper...
20/08/2009(Jersey-emerald)Intercepts 28 Feet of 0.18% WO3 and Resumes Drilling on Its ...
23/06/2009(Jersey-emerald)Resumes Drilling on Its Tungsten-Molybdenum Property
21/05/2009(Kena)Commences Exploration At Its Kena Gold Property, BC
17/02/2009(Jersey-emerald)Identifies Potential New Tungsten And Zinc Deposits At Jerse...
21/01/2009(Jersey-emerald)Tungsten Resource
16/12/2008(Jersey-emerald)Receives Environmental Baseline Report for the Jersey-Emeral...
18/11/2008(Jersey-emerald)Expands East Emerald Tungsten Zone at Jersey-Emerald Propert...
03/11/2008(Kena)Trenches 0.26% Copper Over 56 Metres On Its Kena Property, B...
26/08/2008(Kena)Trench Porphyry Copper-Gold Zone On Its Kena Property, BC
18/08/2008(Jersey-emerald)Drills Impressive 85 Foot Zone of 0.16% MoS at its Jersey-Em...
22/07/2008(Jersey-emerald)Expanding Tungsten and Molybdenum Resource at Its Jersey-Eme...
23/06/2008(Jersey-emerald)Intersects High Grade Molybdenum Veins at its Jersey-Emerald...
02/06/2008Intersects 28.50 Feet of 3.98% Lead and 0.71% Zinc at its Se...
07/05/2008(Kena)Metallics Gold Assay Increase Grade On Sultan Minerals' Kena...
27/03/2008(Jersey-emerald)Expands Tungsten and Zinc Mineralization at its Jersey-Emera...
13/03/2008(Jersey-emerald)Intersects Lead-Zinc and Gold at its
Jersey-Emerald Mol...
27/02/2008(Kena)Drills 430.0 Metres (1,428 Ft) Of Gold Mineralization On Its...
11/02/2008(Jersey-emerald)Intersects Stratiform Lead-Zinc-Silver at its Jersey-Emerald...
29/01/2008(Kena)Confirms Copper Zone At Kena Gold Property, BC
07/11/2007Commences 800 Metre Drill Hole to Expand Kena Gold Resource ...
29/10/2007(Jersey-emerald)Project Update, Jersey-Emerald Property, British Columbia, C...
24/09/2007Discovers High-Grade Extension to its Jersey-Emerald Lead-Zi...
08/08/2007(Jersey-emerald) Acquires Additional Surface Rights at Jersey-Emerald Tungst...
18/07/2007(Jersey-emerald)Confirms High-Grade Moly & Discovers New Lead & Zinc Zone At...
06/06/2007(Jersey-emerald)Intersects Spectacular Zone of Molybdenum At Jersey-Emerald ...
23/05/2007(Jersey-emerald)NI 43-101 Scoping Study For Tungsten Operation
Communiqués de Presse de Sultan Minerals Inc
28/07/2016Apex Resources Inc. Applies for Multi-Year Permit to Test Hi...
15/07/2016Name Change and Consolidation
22/06/2016Sultan Minerals Inc. Announces 10:1 Share Consolidation and ...
12/05/2016Sultan Minerals Engages PBG Geoscience Ltd for its High Grad...
09/05/2016Sultan Minerals Inc. Plans Sampling and Metallurgical Testin...
31/03/2016Sultan Minerals and Margaux Resources Amend Option Agreement...
31/12/2015Sultan Minerals and Margaux Resources Amend Option Agreement...
27/06/2012(Kena)Provides Resource Update on the Kena Project
03/04/2012Altair Agreement Approved By TSX-Venture Exchange
29/11/2011Signs Letter of Intent with Tunxsten Resources to Develop th...
23/06/2011Provides Shareholder Update
08/03/2011(Jersey-emerald)to Assess Rich Silver Mineralization on its Jersey-Emerald T...
10/08/2010Adopts Shareholder Rights Plan
03/02/2010Anticipates Significant Lead Zinc Resource Estimate for its ...
11/01/2010Identifies Two Priority Geophysical Targets on its HB Zinc P...
26/11/2009Correction: Sultan Minerals Acquires Aspen Lead-Zinc-Silver ...
10/09/2009Identifies Strong New Exploration Targets on the Kena Gold-C...
08/01/2009Focussing On Metals Unaffected By The Commodities Crunch
17/09/2008Presents New Corporate Video and Publication of "Jewel of Th...
10/09/2008Project Validated by $542,000 Geoscience BC Survey
20/06/20082008 Annual General Meeting
11/06/2008Retains Renmark Financial Communications Inc.
29/04/2008Expands Tungsten Zone at its Jersey-Emerald Property, BC
15/04/2008Drills Bulk Tonnage Tungsten Mineralization at its Jersey-Em...
20/12/2007Drills First Hole To 1,800 Ft On Kena Gold Property, British...
23/08/2007Featured on CEO Clips on The Biography Channel
15/08/2007National Post Article Featuring Sultan Minerals
03/07/2007 Engages Wardrop Engineering To Conduct Environmental Study ...
20/06/2007Acquires Surface Rights To Additional 150 Acres At Jersey-Em...
29/05/2007Completes Final Tranche of $3.6 Million Financing
17/05/2007Commences Underground Mine Survey At Jersey-Emerald Zinc Min...
01/05/2007Reports On Annual & Special General Meeting Results
08/02/2007Cabo to drill underground for Sultan Minerals Inc.
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