Sultan Minerals Inc. (SUL:TSX-V) ("Sultan") is pleased to
report assay results for nine holes, JS07-39 through JS07-47, from the
on-going drill program on its 100% owned Jersey-Emerald tungsten-molybdenum
property in southern British Columbia. Results from these nine holes
continue to show good continuity to the recently identified East Emerald
Tungsten Zone. The East Emerald is a sizeable zone of bulk tonnage,
tungsten mineralization. The deposit is exposed on surface suggesting that
much of the mineralization may be extracted by surface mining methods. The
zone was previously intersected in drilling by Placer Dome in the 1950's
and 1970's; and later by Sultan's drilling in 2006.
The drill results show a number of tungsten bearing horizons contained
within a stratigraphic thickness of almost 700 feet. Sultan has intersected
the zone in 26 drill holes that confirm the continuation of the tungsten
mineralization over a length of 2,700 feet (800 metres) and a width of 700
feet (200 metres). The results show several horizons of 0.25% to 0.60%
tungsten mineralization contained within wide zones of lower grade
mineralization averaging 0.10 to 0.25% WO3. The zone remains open to the
north, south and west. An additional factor in some of these holes is the
significant molybdenum (MoS2) content found in the same horizon as the
tungsten.
Significant intersections from holes JS07-39 through JS07-47 are given in
the following table:
DRILL-HOLE
NUMBER
|
GRID
North
|
GRID
East
|
AZMTH/DIP
|
FROM
(feet)
|
TO
(feet)
|
WIDTH
(feet)
|
WO3 (%)
|
MoS2 (%)
|
Au
(g/t)
|
JS07-39
|
9784
|
8195
|
145/-65
|
245.00
|
310.00
|
65.00
|
0.22
|
0.11
|
-
|
Including
|
|
|
|
271.20
|
275.50
|
4.30
|
1.34
|
0.71
|
-
|
And
|
|
|
|
389.90
|
394.50
|
4.6
|
0.12
|
-
|
-
|
And
|
|
|
|
437.70
|
454.50
|
16.8
|
0.23
|
-
|
-
|
Including
|
|
|
|
452.80
|
454.50
|
1.70
|
0.67
|
-
|
-
|
And
|
|
|
|
538.50
|
601.40
|
62.9
|
0.17
|
-
|
-
|
Including
|
|
|
|
563.70
|
566.80
|
3.1
|
0.53
|
-
|
-
|
|
JS07-40
|
9543
|
7990
|
na/-90
|
124.50
|
140.80
|
16.3
|
0.20
|
-
|
-
|
Including
|
|
|
|
135.30
|
140.80
|
5.50
|
0.21
|
-
|
-
|
And
|
|
|
|
258.00
|
268.30
|
10.3
|
0.09
|
-
|
-
|
And
|
|
|
|
354.90
|
358.00
|
3.1
|
0. 24
|
-
|
-
|
|
JS07-41
|
9543
|
7086
|
285/-60
|
224.50
|
245.00
|
20.5
|
0.13
|
-
|
-
|
Including
|
|
|
|
224.50
|
228.00
|
3.50
|
0.26
|
-
|
-
|
And
|
|
|
|
258.30
|
261.60
|
3.3
|
0.27
|
-
|
-
|
And
|
|
|
|
292.40
|
298.00
|
5.6
|
0.15
|
-
|
-
|
|
JS07-42
|
9542
|
7987
|
105/-57
|
177.80
|
315.00
|
137.2
|
0.14
|
-
|
-
|
Including
|
|
|
|
177.80
|
238.30
|
60.5
|
0.20
|
-
|
-
|
Including
|
|
|
|
213.60
|
220.50
|
6.90
|
0.57
|
-
|
-
|
Including
|
|
|
|
268.60
|
277.00
|
8.40
|
0.24
|
-
|
-
|
And
|
|
|
|
429.20
|
463.10
|
33.9
|
0.11
|
-
|
-
|
Including
|
|
|
|
435.50
|
445.20
|
9.70
|
0.18
|
-
|
-
|
And
|
|
|
|
549.30
|
587.40
|
38.1
|
0.12
|
-
|
-
|
Including
|
|
|
|
586.00
|
587.40
|
1.40
|
0.35
|
-
|
-
|
And
|
|
|
|
688.00
|
698.00
|
10.00
|
-
|
0.42
|
-
|
And
|
|
|
|
784.00
|
793.30
|
9.3
|
0.43
|
-
|
-
|
|
JS07-43
|
7792
|
7096
|
na/-90
|
115.50
|
152.00
|
36.5
|
0.23
|
-
|
-
|
Including
|
|
|
|
125.00
|
130.00
|
5.0
|
0.44
|
0.14
|
-
|
|
|
JS07-44
|
7794
|
7092
|
285/-70
|
108.00
|
148.00
|
40.00
|
0.11
|
-
|
-
|
Including
|
|
|
|
138.00
|
143.00
|
5.00
|
0.17
|
-
|
-
|
Including
|
|
|
|
108.00
|
113.00
|
5.00
|
-
|
0.12
|
-
|
|
JS07-45
|
7791
|
7100
|
105/-70
|
146.70
|
175.00
|
28.30
|
0.08
|
-
|
-
|
Including
|
|
|
|
156.00
|
161.00
|
5.00
|
0.13
|
-
|
-
|
Including
|
|
|
|
151.00
|
170.00
|
19.00
|
-
|
-
|
1.05
|
|
JS07-46
|
9066
|
7792
|
na/-90
|
217.00
|
220.00
|
3.00
|
-
|
0.04
|
-
|
And
|
|
|
|
230.00
|
235.00
|
5.00
|
0.13
|
-
|
-
|
And
|
|
|
|
265.00
|
337.30
|
72.30
|
0.11
|
-
|
-
|
Including
|
|
|
|
284.00
|
287.00
|
3.00
|
0.16
|
-
|
-
|
Including
|
|
|
|
297.00
|
337.30
|
40.30
|
0.14
|
-
|
-
|
Including
|
|
|
|
302.00
|
307.00
|
5.00
|
0.19
|
-
|
-
|
|
JS07-47
|
9067
|
7789
|
285/-60
|
103.00
|
111.00
|
8.00
|
-
|
-
|
3.00
|
Including
|
|
|
|
106.70
|
111.00
|
4.30
|
-
|
-
|
5.07
|
And
|
|
|
|
139.50
|
234.20
|
94.70
|
0.13
|
-
|
-
|
Including
|
|
|
|
220.00
|
224.60
|
4.60
|
0.24
|
0.17
|
-
|
Including
|
|
|
|
220.00
|
230.30
|
10.30
|
-
|
0.15
|
-
|
And
|
|
|
|
380.00
|
388.00
|
8.00
|
0.12
|
-
|
-
|
Including
|
|
|
|
385.00
|
388.00
|
3.00
|
0.26
|
-
|
-
|
|
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 database of 5,600 drill holes. Convert
feet to metres by multiplying by 0.304.
Note 2: Intersection angles vary from 15� to 90� suggesting that the
true width of the mineralized horizons range from 25% to 100% of the
intersection widths.
Drill hole JS07-39 was drilled to test the Lower East Emerald Horizon in
the vicinity of the western limit of the Emerald intrusive. JS07-39 also
carried significant molybdenum within a 65.0 foot thick drill intercept
that assayed 0.22% WO3 and 0.11% MoS2. This hole is close to previously reported holes
JS07-33, -34, -36 and -38 which also carried molybdenum within some of the
tungsten horizons. Holes JS07-40, JS07-41 and JS07-42 were fan drilled from
a single drill station to test the Lower East Emerald Horizon 300 feet
south of hole JS07-39. Holes JS07-43, JS07-44 and JS07-45 traced the Lower
East Emerald Horizon 500 feet to the south of its most southerly
intersection in previous hole JS06-03. Holes JS07-43 to -45 also carried
significant molybdenum where the tungsten horizon was intersected close to
the granite intrusion. Holes JS07-46 and JS07-47 were step out holes that
tested the Lower East Emerald Horizon 600 feet west of previously reported
hole JS07-32.
Assays are presently awaited for 25 surface and underground drill holes in
the ongoing drill program. Diamond drilling is currently underway on the
East Dodger Molybdenum Zone where underground drill hole JM07-04
intersected 0.10% MoS2 over a core length of 548.0 feet. The Spring 2008 drill
program includes 12 drill holes to further test this molybdenum zone.
Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's
project supervisor and "Qualified Person" as defined by NI
43-101, "Standards of Disclosure for Mineral Projects". Mr. Ed
Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for
Placer-Dome, oversees the on-going diamond drilling programs.
For further information on Sultan's projects, visit www.sultanminerals.com
Please click to view Drill Hole Locations 2007 Drill
Program Map.
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
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
If you
would like to receive press releases via email please contact catarina@chfir.com and specify
"Sultan press releases" in the subject line.
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 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 Sultan expects are forward-looking statements. Although Sultan
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 Sultan, investors
should review the Sultan's filings that are available at www.sedar.com or
Sultan's website at www.sultanminerals.com.