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.