|Mon Dec 20, 2004|
Sultan Minerals Expands Priority Silver/Gold Targets on Coripampa Properties, Peru
|Sultan Minerals Inc. (SUL- TSX-Venture) is pleased to announce that it has contracted Walcott and Associates of British Columbia to undertake Induced Polarization and Resistivity geophysical surveys over the company's Coripampa silver and gold properties located in the Arequipa and Ayacucho Districts in southern Peru.|
In November, geological mapping and sampling programs were completed on the Coripampa 1 & 2 properties by South American Management SA of Santiago Chile. The work programs confirmed the presence of epithermal silver and gold mineralization and succeeded in outlining a number of priority one and priority two targets on both properties. The priority one targets will be followed up with the geophysical survey in order to fully define them for diamond drill testing.
The Coripampa 1 prospect is characterized by low sulfidation epithermal silver mineralization associated with chalcedony and hyaline quartz occurring as veins, fracture fillings and micro-fracture fillings. The mineralization is developed within broad zones of argillic altered volcanic tuffs of andesite composition (please refer to News Release of Nov. 10, 2004).
Two Priority 1 targets referred to as the Central Zone and the East Zone identified by the mapping and sampling program will be traced out by the geophysical survey. The survey will attempt to determine if the two mineralized zones are connected by an east-west structure that appears to be covered by shallow overburden for nearly onekilometre between the two zones.
The Coripampa 2 prospect is characterized by low sulfidation epithermal gold and silver mineralization developed within a complex system of silica filled fracturing and microfracturing. The mineralization occurs in and marginal to a sub volcanic, rhyolite dome complex that intrudes a sequence of volcanic tuffs also of rhyolitic composition. Two priority 1 targets named the West Zone and the South-Central Zone will be investigated by the geophysical survey.
Geochemical grids are currently being extablished over the two properties in order to better define the targets for the geophysical survey. The geophysical program is expected to commence in early January. 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:
Tel: (604) 687-4622 Fax: (604) 687-4212
T. J. Malcolm Powell -- Email: IR@langmining.com or Email: firstname.lastname@example.org
No regulatory authority has approved or disapproved the information contained in this news release.
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