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 Mon Aug 18, 2008
Sultan Minerals Drills Impressive 85 Foot Zone of 0.16% MoS2 at its Jersey-Emerald Property, BC, Canada

 

Vancouver, BC - August 18, 2008 - Sultan Minerals Inc. (SUL-TSX.V) ("Sultan") is pleased to report assays for seven underground diamond drill holes from the ongoing exploration program at its 100% owned Jersey-Emerald Molybdenum-Tungsten Property located near Salmo, British Columbia.

The seven holes successfully tested the lateral limits of the Dodger Molybdenum Zone extending the zone 200 feet to the south. This large molybdenum-bearing stockwork has now been intersected in 36 diamond drill holes over an area measuring 3,200 feet (1,000 metres) north-south by 900 feet (300 metres) east-west. The zone remains open in most directions.

Highlights of the program are drill-holes JM08-08 and JM08-09 where very favourable results expand the Dodger Molybdenum Zone to the south. Hole JM08-08 assayed 0.16% molybdenum (MoS2) over a core length of 85.0 feet within a 288.0 foot section that averaged 0.07% MoS2. The hole contained several very high-grade molybdenum bearing zones including 1.74% MoS2 over 3.0 feet, 0.44% MoS2 over 5.0 feet and 0.81% MoS2 over 4.3 feet. Hole JM08-09, located 100 feet south of hole JM08-08, assayed 0.08% MoS2 over a core length of 105.0 feet including 1.04% MoS2 over 5.0 feet. This hole also intersected a 10.0-foot wide quartz vein that assayed 0.5% MoS2 and 0.40 g/t gold.

Tungsten mineralization was also intersected in many of the holes and is believed to represent the western extension of the East Dodger Tungsten Zone. The most notable intercept was in hole JM08-09 that assayed 0.73% tungsten (WO3) over a core length of 9.10 feet within a 23.6 foot section that averaged 0.35% WO3.

Significant assay intersections for the seven holes are tabled below:

DRILL-HOLE NUMBER

GRID
North

GRID
East

AZMTH
/DIP
FROM
(feet)
TO
(feet)
WIDTH
(feet)

WO3
(%)

MoS2
(%)

Au
(g/t)

JM08-07

6480

7995

0/-90

92.60

96.40

3.80

 

0.12

 

 

 

 

 

 

 

 

 

 

 

JM08-08

6625

8595

5/-44

15.10

34.20

19.10

0.15

 

 

Including

 

 

 

15.10

21.70

6.60

0.28

 

 

and

 

 

 

30.00

34.20

4.20

0.24

 

 

and

 

 

 

299.00

587.00

288.00

 

0.07

 

Including

 

 

 

319.00

328.00

9.00

 

0.16

 

and

 

 

 

427.00

512.00

85.00

 

0.16

 

Including

 

 

 

477.00

480.00

3.00

 

1.74

 

Including

 

 

 

582.00

587.00

5.00

 

0.44

 

and

 

 

 

787.00

791.00

4.30

 

0.81

 

 

 

 

 

 

 

 

 

 

JM08-09

6539

8589

2/-49

8.90

32.50

23.60

0.35

 

 

Including

 

 

 

8.90

18.00

9.10

0.73

 

 

and

 

 

 

438.00

708.00

105.00

 

0.08

 

Including

 

 

 

543.00

548.00

5.00

 

1.04

 

and

 

 

 

828.00

838.00

10.00

 

0.05

0.40

 

 

 

 

 

 

 

 

 

JM08-10

6418

8580

13/-55

9.90

26.70

16.80

0.09

 

 

Including

 

 

 

19.90

26.70

6.80

0.12

 

 

 

 

 

 

 

 

 

 

 

JM08-11

6380

8574

12/-56

23.50

31.70

8.20

0.28

 

 

Including

 

 

 

23.5

26.70

3.20

0.37

 

 

and

 

 

 

258.00

268.00

10.00

 

0.05

 

and

 

 

 

545.50

555.35

9.85

 

0.07

 

and

 

 

 

678.00

688.00

10.00

 

0.11

 

JM08-06

6480

7995

18/-46

 

NO

VALUES

 

 

 

JM08-12

6230

8060

0/-90

 

NO

VALUES

 

 

 

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 five databases of 5,600 drill holes. Convert feet to metres by multiplying by 0.304.

Note 2: Drill hole intersection angles vary from 30 to 85 suggesting that the true width of these intersections may range from 50% to 95% of the drill core intersection length.

Drill holes JM08-06 and JM08-07 were collared at a single location 600 feet west of hole JM08-08 where they encountered narrow bands of mineralization. These holes and previously reported holes JM08-04 and JM08-05 are believed to define the southwest margin of the molybdenum zone.

Drill hole JM08-10 was abandoned due to bad drilling conditions at a hole depth of 175.0 feet, interpreted to be well above the molybdenum zone. The hole was successful in penetrating the overlying tungsten mineralization before it was abandoned.

Drill hole JM08-12 was a short vertical hole collared 800 feet southwest of JM08-08 to test for zinc mineralization. Only weak zinc mineralization was encountered.

Diamond drilling is presently under way on the recently discovered East Emerald Tungsten Zone where assays are pending for eight surface drill holes. This bulk tonnage deposit has been successfully traced by drilling over a length of 2,700 feet (800 metres) and a width of 700 feet (200 metres). The zone is up to 700 feet (200 metres) thick and remains open to the north, south and west.

Mr. Ed Lawrence, P.Eng, former Manager of the Jersey and Emerald Mines under Placer-Dome, oversees all on-going diamond drilling programs for Sultan. 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".

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: or

Or
Barbara Komorowski, or Eric St.-Pierre
Renmark Financial Communications
Tel: (514) 939-3989
Email:

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. For more information on Sultan, investors should review Sultan's filings that are available at www.sedar.com or Sultan's website at www.sultanminerals.com.


 
 

You can view the Next 2008 News Releases item: Tue Aug 26, 2008, Sultan Minerals To Trench Porphyry Copper-Gold Zone On Its Kena Property, BC

You can view the Previous 2008 News Releases item: Tue Jul 22, 2008, Sultan Minerals Expanding Tungsten and Molybdenum Resource at its Jersey-Emerald Property, BC

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