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Sultan's business strategy acquires quality, under explored, precious metal properties with undiscovered potential in established mining camps. The company then advances the projects until they can be joint ventured or sold with a retained NSR royalty.
Message: News from SULTAN
Tue Apr 15, 2008
Sultan Minerals Drills Bulk Tonnage Tungsten Mineralization at its Jersey-Emerald Property, BC, CanadaThe East Emerald Tungsten Zone is a sizeable zone of low-grade, bulk tonnage, tungsten mineralization discovered by drilling in 2006. Assays from the earlier drill holes completed in November 2006, which are also along the east side of the zone, showed grades of 0.15% WO3 across core widths ranging from 15.0 to 54.5 feet within a 201.3 foot wide zone that assayed 0.08% WO3 (see News Release of Jan 17, 2007). The present drill results show many intersections of 0.20% WO3 to 0.45% WO3, often with associated molybdenum values, suggesting that grades improve to the north.
The western up-dip extension of the mineralization is exposed on surface, suggesting that a significant percentage of the mineralization may be amenable to open pit mining. The mineralization lies directly above the Invincible decline, which is a large haulage tunnel designed to handle 40 ton trucks. This raises the possibility that the mineralization may be readily accessible to low-cost underground mining as well as surface mining operations.
Significant intersections from the recent drill holes are given in the following table:
| DRILL-HOLE NUMBER |
GRID North |
GRID East |
AZMTH /DIP | FROM (feet) |
TO (feet) |
WIDTH (feet) |
WO3 (%) |
MoS2 (%) |
| JS07-30 | 9165 | 8650 | 245/-55 | 107.00 | 120.00 | 13.80 | 0.01 | 0.11 |
| and | 141.60 | 148.40 | 6.80 | 0.07 | 0.31 | |||
| and | 579.90 | 708.90 | 129.0 | 0.09 | ||||
| Including | 579.90 | 588.00 | 8.10 | 0.20 | ||||
| Including | 678.00 | 708.90 | 30.90 | 0.20 | ||||
| Including | 678.00 | 688.00 | 10.00 | 0.29 | ||||
| and | 815.50 | 824.70 | 9.20 | 0.16 | ||||
| and | 946.10 | 968.00 | 21.90 | 0.16 | ||||
| Including | 953.20 | 958.00 | 4.80 | 0.25 | ||||
| and | 998.00 | 1003.00 | 5.00 | 0.14 | ||||
| JS07-31 | 8657 | 8134 | 084/-55 | 88.80 | 98.00 | 9.20 | 0.08 | |
| and | 190.30 | 198.00 | 7.70 | 0.12 | ||||
| JS07-32 | 9140 | 8400 | 105/-55 | 55.20 | 60.50 | 5.30 | 0.09 | 0.29 |
| and | 97.00 | 101.90 | 4.90 | 0.22 | ||||
| and | 112.30 | 116.20 | 3.90 | 0.11 | ||||
| JS07-33 | 10060 | 8142 | 295/-80 | 78.00 | 81.90 | 3.90 | 0.06 | 0.12 |
| and | 326.50 | 336.50 | 10.00 | 0.25 | 0.20 | |||
| and | 448.00 | 520.40 | 72.40 | 0.12 | ||||
| and | 448.00 | 487.50 | 9.50 | 0.18 | 0.03 | |||
| and | 527.80 | 534.00 | 6.20 | 0.08 | 0.18 | |||
| JS07-34 | 10060 | 8142 | 295/-50 | 327.00 | 331.70 | 4.70 | 0.10 | |
| and | 10060 | 8142 | 295/-50 | 417.50 | 427.00 | 9.50 | 0.30 | 0.34 |
| JS07-35 | 10060 | 8142 | 145/-55 | No | Values | |||
| JS07-36 | 9765 | 8159 | 290/-90 | 183.30 | 205.00 | 21.70 | 0.11 | |
| Including | 198.00 | 205.00 | 7.00 | 0.17 | ||||
| and | 326.40 | 336.60 | 10.20 | 0.11 | 0.74 | |||
| JS07-37 | 9765 | 8159 | 290/-70 | 168.50 | 187.60 | 19.10 | 0.11 | |
| JS07-38 | 9765 | 8159 | 145/-45 | 224.30 | 347.00 | 122.70 | 0.14 | |
| Including | 224.30 | 244.90 | 20.60 | 0.21 | 0.05 | |||
| Including | 243.30 | 244.90 | 1.60 | 0.49 | 0.19 | |||
| Including | 293.30 | 347.00 | 53.70 | 0.20 | ||||
| Including | 304.20 | 309.70 | 5.50 | 0.33 | ||||
| Including | 332.80 | 347.00 | 14.20 | 0.45 | ||||
| Including | 332.80 | 337.10 | 4.30 | 1.32 | ||||
| and | 480.80 | 484.90 | 4.10 | 0.81 |
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 95% of the intersection widths.
Drill holes JS07-30, JS07-31 and JS07-32 were drilled primarily to explore for lead mineralization north of the historic Emerald lead mine. The intended primary target was not encountered but the three holes intersected several bands of tungsten and molybdenum above the uppermost known tungsten mineralization. Good lateral continuity to the tungsten mineralization was exhibited by the presence of the zones in all 3 holes. Drill hole JS07-30 was drilled to depth and is the only hole to penetrate the entire East Emerald Zone. This hole intersected 6 tungsten bearing horizons including 2 molybdenum rich zones over a core length of 896 feet. Intersections of note included 0.09% WO3 across 129.00 feet, 0.29% WO3 across 10.00 feet, 0.20% WO3 across 30.90 feet, 0.16% WO3 across 21.90 feet and 0.31% MoS2 and 0.07% WO3 across 6.80 feet.
The intersections seen in hole JS07-30 shows two prominent tungsten bearing horizons. The upper horizon which extends from a hole depth of 579.9 to 708.9 feet is now referred to as the Upper East Emerald Tungsten Zone. The lower horizon which extended from a hole depth of 815.5 to 1,003.0 feet has been named the Lower East Emerald Tungsten Zone.
Tungsten and molybdenum intersections seen in holes JS07-31 and JS07-32 occur above the Upper East Emerald Zone. Holes JS07-33 and JS07-34, the two most northerly holes, intersected narrow sections of mineralization in both the Upper and Lower East Emerald Zones. Highlights of Hole JS07-34 include 0.30% WO3 and 0.34% MoS2across 9.50 feet. Hole JS07-35 was drilled easterly to test the Emerald intrusive for molybdenum but found the granite to be un-mineralized in this location. Holes JS07-36, JS07-37 and JS07-38 intersected portions of both the Upper and Lower East Emerald Zones. Highlights include 0.11% WO3 and 0.74% MoS2 across 10.20 feet on Hole JS07-36. Hole JS07-38 was drilled easterly and intersected the western limit of the unmineralized Emerald intrusive. Hole JS07-38 intersected 0.14% WO3across 122.70 feet including 0.20% WO3 across 53.70 feet and 0.45% WO3 across 14.20 feet.
Together with six previous holes, E-06-01 to E-06-06, the drill results show six tungsten bearing horizons that have been traced along strike for 2,000 feet and through a stratigraphic thickness of almost 700 feet. Assays are pending for a further 9 drill holes, JS07-39 through JS07-47, that are expected to confirm the East Emerald Tungsten Zone over a strike length of 2,500 feet.
Assays are presently awaited for 30 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.
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, visitwww.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
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 contactcatarina@chfir.com and specify "Sultan press releases" in the subject line.
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