|Wed Sep 10, 2008|
Sultan Minerals Project Validated by $542,000 Geoscience BC Survey
Sultan Minerals Inc. (SUL: TSX-V) ("Sultan") is pleased to report that Geoscience BC and Natural Resources Canada have announced the startup of a $542,000 Airborne Geophysical Survey in the Kootenay Area of BC. The survey will cover a 609-square kilometre area centered on Sultan's 93-square kilometre Jersey-Emerald tungsten, molybdenum and lead-zinc Property. The BC Ministry of Energy, Mines and Petroleum Resources has rated this area as having some of the highest mineral potential in British Columbia. The survey is therefore designed to provide information about the rocks deep below the surface, in order to identify new exploration targets well beyond the limits of the historic mines (see survey map attached).
Lyn Anglin, President and CEO of Geoscience BC said, "The aim of the survey is to provide new geoscience information to help attract additional mineral exploration investment into this region and its communities. Similar surveys in central British Columbia have led to an improved understanding of the region's geology and increased industry investment, and we're confident that this survey will do the same for the Kootenays."
The survey will be flown by Fugro Airborne Surveys and is expected to commence in mid-September. The survey area includes Sultan's Jersey Mine and the HB and Reeves-Macdonald mines, these 3 being the second, third and fourth largest historic lead-zinc producers in the province. The survey also covers Sultan's historic Emerald Tungsten Mine, Canada's second-largest tungsten producer, as well as the famous Sheep Creek and Ymir gold camps.
Sultan Minerals, as one of the largest mineral title landholders in the survey area, is also participating in the survey. Sultan is contributing to the project by funding the flying of intermediate 100-metre spaced survey lines over its Jersey-Emerald property within the Geoscience BC survey area. The detailed airborne geophysical coverage is expected to identify new exploration targets outside of the seven historic mines on Sultan's extensive property.
For the complete text of the Geoscience BC announcement please go to the following web address: www.geosciencebc.com/s/NewsReleases.asp
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For further information, please contact:
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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 Sultan expects are forward-looking statements. Although Sultan 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 Sultan, investors should review the 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: Wed Sep 17, 2008, Sultan Minerals Presents New Corporate Video and Publication of "Jewel of The Kootenays - The Emerald Mine"
You can view the Previous 2008 News Releases item: Tue Aug 26, 2008, Sultan Minerals To Trench Porphyry Copper-Gold Zone On Its Kena Property, BC
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