|Mon Sep 24, 2007|
Sultan Minerals Discovers High-Grade Extension to its Jersey-Emerald Lead-Zinc Deposit in British Columbia, Canada
Sultan Minerals Inc. (SUL-TSX-V) ("Sultan") is pleased to announce the results of a trenching program carried out above the East Emerald Tungsten Zone on its Jersey Emerald property in South-eastern British Columbia. This recent trenching discovered a western extension of the historic Jersey lead-zinc mine exposing a stratiform band of lead-zinc-silver mineralization that has now been traced along strike for over 1,200 feet (400 metres). The occurrence is located approximately 200 feet (60 metres) west of the historic "G-Zone" which was the northernmost workings in the Jersey Lead-Zinc Mine. This discovery confirms that important mineralization may extend well beyond the limits of the historic lead-zinc mining operation.
Mr. Arthur G. Troup, President and CEO, said "The significance of this new discovery is yet to be determined. The historic Jersey Lead-Zinc Mine, was British Columbia's second largest lead-zinc producer. The trenching program is continuing in order to determine the location and trend of the mineralization in advance of a core-drilling program. The attitude of the mineralization discovered to date suggests that a considerable portion of this area of the deposit might be extracted by surface mining methods."
Trenching and diamond drilling is currently continuing on the property, and 44 holes have now been completed in the Company's 2007 planned drill program. The planned 10,000 metre (50 hole) drill program is designed to explore the recently discovered molybdenum deposit as well as expand the historic tungsten and lead-zinc mineralization.
Lead, zinc and silver assays from the mineralized horizon are given in the following table:
Recent exploration results suggest that there are two horizons of specific interest referred to as the "Upper" and the "Lower" Lead-Zinc horizons. The assays reported in the above table are confined to the Upper Horizon and are believed to represent the up-dip extension of the historic North G-Zone, historically mined 200 feet (60 metres) down dip to the east. Sample widths represent the true width of the mineralized exposures seen in the trench wall but drilling is required to determine if mineralization extends below the bottom of the trench. Various degrees of weathering were observed in the trench samples suggesting that the assays may not be a true reflection of the grades that will be encountered at depth.
Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, oversees all on-going diamond drilling programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects".
For further information on the Company's projects, www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information, please contact:
Marc Lee, Investor & Corporate Communications
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Linda Armstrong, Vice President
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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 the Company expects are forward-looking statements. Although the Company 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 the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com.
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