|Tue Feb 8, 2011|
Sultan Minerals Geophysical Report Recommends Drilling For Copper King Zone Kena Property, BC
|Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce it has received a geophysical report from Peter E. Walcott and Associates for the 2010 Induced Polarization ("IP") survey completed on its Kena Property in southeastern British Columbia. This 16.1 line kilometre IP survey was a continuation to the north of the 10.0 line kilometre survey completed in the fall of 2009.|
The survey successfully outlined a large zone of high chargeability some 3,600 metres in length and some 600 metres in width that trends northwesterly across the property. This chargeability high follows a strong linear magnetic low defined by a previous airborne geophysical survey. This combined IP anomaly and magnetic low feature is believed to represent a deep seated structural feature, which is related to the emplacement and concentration of the gold and copper mineralization on the Kena Property.
A 2,200 metre long by 400 metre wide copper soil geochemical anomaly, the Copper King Zone, is associated with the southern portion of this linear IP and magnetic anomaly. The northern portion of the chargeability anomaly runs into and encompasses the Kena Gold Zone, indicating a mineral zonation within this large mineralized system.
Two drill holes completed in November 2010 (10CK-01 and 10CK-02), three historic diamond drill holes assayed for copper in September 2010 and several channel and chip samples from historic trenches and adits returned broad zones of significant copper values associated with the IP chargeability high and copper geochemical anomalies. The table below gives copper equivalent assays for the significant copper intervals and the attached map shows the locations of these intervals within the IP survey area.
COPPER KING ZONE*Cu Eq % was calculated using the following formula: (Cu(%) x 22 x 2.5) + (Au(g/t) x 0.03125 x 950) / (22 x 2.5). These calculations are based on a value of $2.50 for copper and $950 for gold.
COPPER VALUES ASSOCIATED WITH IP CHARGEABILITY HIGH
As shown on the attached map, trenching and diamond drilling to date test only a small portion of this large chargeability anomaly. The geophysical report recommends that the magnetics and geochemistry data be added to the respective modeled sections, and that two fences of holes be drilled across the zones in the most favourable locations.
Additional information on work completed to date on the company's Kena and Jersey-Emerald Properties can be found on the company website www.sultanminerals.com. Sultan is currently seeking joint venture partners for both the Kena and Jersey-Emerald Properties.
Linda Dandy, P.Geo., is the project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, who has reviewed and verified the contents of this news release.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: firstname.lastname@example.org or email@example.com
For further information on Sultan's projects, visit www.sultanminerals.com.
This release was prepared by Sultan's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 Sultan's filings that are available at www.sedar.com or Sultan's website at www.sultanminerals.com.
You can view the Next News Releases item: Tue Mar 8, 2011, Sultan Minerals to Assess Rich Silver Mineralization on its Jersey-Emerald Tungsten-Zinc Property, BC
You can view the Previous News Releases item: Tue Jan 25, 2011, Sultan Minerals Intersects 1.55 Metres of 7.94g/t Gold at its Kena Property, BC
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