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Message: Sultan Assay Results

Sultan Assay Results

posted on Nov 23, 2008 10:06AM

Tue Nov 18, 2008
Sultan Minerals Expands East Emerald Tungsten Zone at Jersey-Emerald Property, BC

Sultan Minerals Inc. (SUL:TSX-V) ("Sultan" or "The Company") is pleased to report assay results for 13 diamond drill holes, ES08-02 through ES08-14, on its 100% owned Jersey-Emerald tungsten-molybdenum property in southern British Columbia. The 13 holes explored the East Emerald Tungsten zone, a sizeable body of low-grade, bulk tonnage, tungsten mineralization discovered by drilling in 2006 and 2007 (see News Releases of Jan 17, 2007 and April 15, 2008). Results are very favourable. The holes confirm continuity between the previous wide spaced drill holes and show extensions of the mineralization to the north and west.

The most striking tungsten intersections were obtained from Hole ES08-13 which carried 0.24% WO3 over a core length of 105.4 feet and Hole ES08-07 which carried 0.46% WO3 over a core length of 17.4 feet. Significant intersections from holes ES08-02 through ES08-14 are given in the following table:

DRILL-HOLE
NUMBER

GRID
North

GRID
East

AZMTH
/DIP

FROM
(feet)

TO
(feet)

WIDTH
(feet)

WO3
(%)

MoS2
(%)

ES08-02

9543

7990

115/-45

341.00

372.50

31.50

0.07

and

392.90

394.40

1.50

0.20

and

394.40

402.80

8.40

0.11

and

498.80

503.15

4.35

0.64

0.16

and

646.00

661.30

15.30

0.10

ES08-03

10122

8756

295/-56

182.70

194.30

11.60

0.08

and

412.70

420.90

8.20

0.13

and

454.50

463.25

8.75

0.17

0.06

Including

454.50

458.90

4.40

0.30

0.09

ES08-04

9982

8520

115/-80

69.90

78.00

8.10

0.10

and

586.60

598.70

12.10

0.10

Including

586.60

589.60

3.00

0.23

ES08-05

9985

8525

295/-45

164.50

166.00

1.50

0.21

and

292.60

330.10

37.50

0.13

0.04

Including

292.60

311.90

19.30

0.17

0.08

Including

299.50

306.90

7.40

0.16

0.17

Including

326.20

330.10

3.90

0.37

ES08-06

9865

8250

115/-80

221.90

259.50

37.60

0.15

0.02

Including

238.20

250.70

12.50

0.31

0.05

Including

238.20

241.20

3.00

0.48

and

382.15

391.90

9.75

0.14

0.03

ES08-07

9865

8250

115/-60

196.10

201.60

5.50

0.15

and

247.10

264.50

17.40

0.46

Including

247.10

251.80

4.70

0.52

and

316.60

320.50

3.90

0.05

0.12

and

707.60

738.00

30.40

0.09

0.05

Including

723.60

725.30

1.70

0.16

0.81

ES08-08

9658

8062

290/-70

152.90

183.00

30.10

0.10

Including

152.90

157.50

4.60

0.19

Including

166.65

172.00

5.35

0.21

and

222.00

229.45

7.45

0.51

0.25

Including

226.70

229.45

2.75

1.10

0.67

ES08-09

9425

7952

0/-90

126.80

178.10

51.30

0.16

Including

126.80

146.60

19.80

0.29

Including

126.80

131.35

4.55

0.63

and

219.00

222.20

3.20

0.09

0.23

and

241.70

244.00

2.30

0.38

and

259.60

277.40

17.80

0.09

and

277.40

284.00

6.60

0.13

ES08-10

9718

7903

290/-60

34.05

44.10

10.05

0.22

and

56.30

60.50

4.20

0.07

ES08-11

9465

7775

0/-90

6.80

76.90

70.10

0.10

Including

29.00

37.80

8.80

0.22

ES08-12

9465

7775

285/-50

9.00

16.60

7.60

0.07

Including

9.00

10.60

1.60

0.12

and

16.60

20.50

3.90

0.07

ES08-13

9230

7710

0/-90

13.20

118.60

105.40

0.24

Including

36.20

46.30

10.10

0.39

Including

78.90

113.30

34.40

0.33

Including

99.10

113.30

14.20

0.48

ES08-14

9000

7635

0/-90

11.30

28.20

16.90

0.11

Including

19.40

23.50

4.10

0.14

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.

Sultan has now intersected the East Emerald Tungsten zone in 39 drill holes that confirm the continuation of the tungsten mineralization over a length of 3,300 feet (1,000 metres) and a width of 700 feet (200 metres) (see News Release of April 29, 2008). The drill results continue to show multiple horizons of 0.25% to 0.60% tungsten mineralization contained within wide zones of lower grade mineralization averaging 0.10 to 0.25% WO3. Many of these holes carry significant molybdenum (MoS2) concentrations within the same horizons as the tungsten. The mineralization remains open to the north, south and west.

Sultan has four additional surface drill holes planned for the current round of drilling and is completing a program of trenching and surface prospecting over the south end of the Jersey-Emerald property. Results for an updated tungsten resource estimate being carried out by Giroux Consultants are expected to be available shortly. The price of tungsten has remained relatively stable at $250/MTU for APT concentrate (as of Oct. 31, Metals Bulletin).

With more than $2,000,000 in working capital in the treasury Sultan is well positioned to complete the work programs planned for its projects.

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



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

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