|Mon Dec 13, 2004|
Sultan Minerals Drills High-Grade Gold Targets on Kena Property, BC
|Sultan Minerals Inc. is pleased to report that a 700-metre diamond drill contract has been signed with Aggressive Diamond Drilling Ltd. of Kelowna, BC for the Company's Kena Gold Property located near Ymir in southeastern British Columbia, Canada. Drilling will commence immediately and will involve drilling four NQ diamond drill holes on the Gold Mountain and Kena Gold Zones. The holes will investigate the grade, width and depth potential of two important cross structures identified by a geological mapping program completed in September 2004. |
In June 2004, the Company released its initial resource calculation for the Kena and Gold Mountain Zones. The study showed a combined measured and indicated resource of 381,000 ounces of gold with an additional inferred resource of 389,000 ounces (refer to News Release of June 7, 2004, and NI 43-101 Technical Report dated June 3, 2004, co-authored by Gary Giroux, P.Eng. and Linda Dandy, P.Geo.). In the resource study, it was noted that the entire lengths of the drill holes in the two gold zones often average between 0.3 g/t gold to greater than 1.0 g/t gold; but in several holes, one or more 1 to 2 metre intercepts of greater than 10.0 g/t gold were encountered. These high-grade gold intervals, which occasionally reach bonanza grades, have an important positive impact on the overall grade of the surrounding lower grade porphyry style mineralization. It is therefore important that the diamond drill holes intersect these high-grade structures to ensure that they are included in the resource calculations.
The resource study was followed up with a detailed geological mapping program that identified a previously unknown structural trend that may be an important control to gold grades on the Kena Property (please refer to News Release of September 28, 2004). The mapping program discovered two important cross structures that trend parallel to the earlier drilling direction and were therefore not intersected by most of the previous drill holes. The study suggests that these cross structures may be important controls for high-grade mineralization and that gold grades may improve if drilling is oriented to cross them.
The current diamond drill program will focus on the Gold Mountain and Kena Gold Zones to determine if the grade of the two deposits can be improved by drilling across the two previously unknown gold bearing structures.
The drilling program is being supervised by Perry Grunenberg, P. Geo., of P&L Geological Services Ltd. of Kamloops, BC. and is expected to be completed by mid-January 2005.
Arthur G. Troup, P.Eng., Geological
For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: IR@langmining.com or email@example.com
No regulatory authority has approved or disapproved the information contained in this news release.
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