Sultan Minerals' Kena Copper King Zone New Assays Include 0.22% Copper Over 117 Metres
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/08/10 -- Sultan Minerals Inc. (TSX VENTURE: SUL)(FRANKFURT: RZN) ('Sultan') is pleased to announce assays for 442 drill core samples collected from un-sampled portions of historic drill holes on its Kena Property, located in southeastern British Columbia. The assays show broad widths of copper and gold mineralization in three wide-spaced drill holes confirming potential for a significant bulk tonnage copper-gold zone.
-- Hole KK81-4 returned 117 metres grading 0.22% copper and 0.137 g/t gold.
-- Hole TK87-42 returned 88.69 metres grading 0.21% copper and 0.128 g/t
gold.
-- Hole K90-4 returned 388.60 metres grading 0.12% copper and 0.111 g/t
gold including 13.50 metres grading 0.45% copper and 0.275 g/t gold.
These drill core samples were collected from un-sampled portions of drill holes put in by previous property operators between 1981 and 1991. This historic drill core had been stacked and properly labeled allowing for easy identification of previously un-sampled core intervals. Several historic drill holes in key target areas had only been partially sampled in the mineralized zones. Sultan has now sampled and assayed many of these un-sampled intervals thereby expanding these zones. In mid-September, Sultan will commence a diamond drilling program in areas adjacent to the historic drill holes in order to confirm and expand the copper and gold mineralization identified by the recent core sampling program.
The table below gives the significant copper and gold intersections obtained from the historic drilling in the Kena Copper King Zone. Prior drilling of this zone was confined to a few wide-spaced drill holes in various parts of the copper soil geochemical anomaly. KK81-4 and K90-4 are located 1262 metres apart along a recently identified northwest trending IP geophysical chargeability anomaly. The last 5.36 metres of hole TK87-42 assayed 0.28% copper and 0.147 g/t gold, indicating that the mineralized zone remains open to depth.
---------------------------------------------------------------------------
HOLE # LOCATION FROM (m) TO (m) WIDTH (m) COPPER (%) GOLD (g/t)
KK81-4 101+60N, 0+10W 0.00 117.00 117.00 0.22 0.137
including 0.00 33.00 33.00 0.33 0.204
TK87-42 101+15N, 1+25W 80.17 168.86 88.69 0.21 0.128
including 91.09 100.50 9.41 0.29 0.166
and 128.50 133.58 5.09 0.37 0.226
and 163.50 168.86 5.36 0.28 0.147
K90-4 88+98N, 3+10W 3.35 391.95 388.60 0.12 0.111
including 30.00 40.50 10.50 0.10 0.624
and 138.50 196.50 57.00 0.27 0.164
including 168.00 181.50 13.50 0.45 0.275
and 238.50 250.50 12.00 0.35 0.184
and 310.50 316.50 15.00 0.22 0.129
---------------------------------------------------------------------------
In July, Sultan completed an IP geophysical survey over the Property's Kena Copper King and Kena Gold Zones. The survey defined a strong, continuous six-kilometre long chargeability geophysical anomaly trending south from the Gold Mountain and Kena Gold Zones to the south end of the Kena Copper King Zone soil geochemical anomaly (see News Release dated July 20, 2010). The chargeability anomaly extends for over three kilometres south from the Kena Gold Zone through the largely untested Kena Copper King Zone and appears to be part of the same geophysical feature that hosts the gold mineralization indicating that both zones are likely hosted by the same lithology and structure. The Kena Copper King Zone's geochemical signature indicates significant copper-gold porphyry potential.
In 2008, Sultan excavated 8 wide-spaced trenches, which tested a 1.9-kilometre strike length of the 2.5-kilometre long Kena Copper King Zone soil geochemical anomaly. Elevated copper values were obtained in three of the trenches, with trench KCT-01 returning the highest overall average of 0.26% copper over its 56-metre trench length (see Table below - from News Release dated November 3, 2008).
---------------------------------------------------------------------------
TRENCH LOCATION FROM (m) TO (m) WIDTH (m) COPPER (%) GOLD (g/t)
KCT-01(i) L101+00N, 0+25W 0 56 56 0.26 0.137
including 12 14 2 0.67 0.302
including 28 32 4 0.74 0.165
KCT-04(i) 92+75N, 0+90W 0 48 48 0.10 0.102
including 18 28 10 0.27 0.226
KCT-06(i) L82+00N, 4+75W 20 40 20 0.11 0.131
---------------------------------------------------------------------------
(i) previously reported
In late 2007, rock chip sampling from a short adit near trench KCT-04 returned 0.51% copper across a 26-metre wide zone, with the best 2-metre chip sample assaying 1.65% copper and 0.530 g/t gold (refer to News Release dated January 29, 2008).
Currently, new 3D modeling of the geophysical anomalies, merged with geochemical zonations and diamond drill hole traces, is being completed. This information will assist in specific target definition for a diamond drilling program of up to 1500 metres, which will commence in about one week.
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.
For further information on Sultan's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological, President and CEO
To view the map associated with this release, please visit the following link: http://www.sultanminerals.com/i/maps/kena/Kena-Copper-King-Zone-090810.jpg.
This release was prepared by Sultan's management. 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.
SEC 12g3-2(b): 82-4741
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.
Contacts:
Sultan Minerals Inc.
Marc Lee
Investor and Corporate Communications
(604) 687-4622 or Toll Free: 1-888-267-1400
(604) 687-4212 (FAX)
mlee@sultanminerals.com or info@sultanminerals.com
www.sultanminerals.com