Sultan Minerals to Trench Porphyry Copper-Gold Zone on Its Kena Property, BC
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 26, 2008) – Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) (“Sultan” or the “Company”) is pleased to announce that it is commencing an excavator trenching program on its Kena Gold-Copper Property (“Kena Property”), located in southeast British Columbia. The program will investigate a large, 2,500 metre by 450 metre copper-gold soil geochemical anomaly confirmed by soil and rock chip sampling in 2007 (see news release dated January 29, 2008). The copper-gold soil geochemical anomaly (termed the Kena Copper Zone) lies three kilometres south of Sultan’s Gold Mountain and Kena Gold Zones, which together host a drill inferred resource of more than 50 million tonnes of porphyry style gold mineralization (see NI 43-101 report dated June 3, 2004).
The Kena Property is located 25 kilometres north of Sultan’s Jersey-Emerald Tungsten-Molybdenum property (“Jersey-Emerald”). The trenching program is being supervised from Sultan’s Salmo office by the exploration team that is managing ongoing exploration at Jersey- Emerald.
The Kena Copper Zone was initially identified in the 1970s, and work programs were carried out in the 1970s and 1980s by a number of exploration companies including Kerr Addison, Lacana, Tournigan Mining and Noramco. Soil sampling identified a large, strong copper geochemical anomaly with associated gold values. This soil anomaly has dimensions of 2,500 metres in north-south length by an average of 450 metres in width as outlined by the 300 ppm copper contour. Within this large anomaly there are numerous soil samples assaying between 1,000 and 5,000 ppm copper. Accompanying the copper soil anomaly is an associated, partially overlapping, strong gold geochemical anomaly with dimensions of 1,200 by 200 metres. There are also several smaller gold anomalies scattered throughout the copper anomaly.
Geological mapping shows the Kena Copper Zone consists of porphyry style copper-gold mineralization. Copper mineralization comprised of chalcopyrite and pyrite occurs as disseminations and fracture fillings and in quartz veinlets within sub-volcanic intrusive rocks, and as weaker disseminations and fracture fillings in adjacent tuffaceous rocks. The area has been variably silicified by quartz veins that occur as stockworks, narrow fracture fillings or rarely thick veins up to 0.5 metres wide containing pyrite and chalcopyrite.
A due diligence soil and rock chip sampling program was carried out on the Kena Copper Zone in late 2007 (see news release dated January 29, 2008). Intermediate soil geochemical lines sampled and confirmed the presence of the large copper soil anomaly. During this program, rock chip samples were also collected from two historic adits located centrally within the Kena Copper Zone. Sultan found no previous records describing these adits.
Thirteen contiguous 2-metre rock chip samples taken by Sultan from a short adit showed a 26-metre zone grading 0.51% copper. The best 2 metre chip sample assayed 1.65% copper and 0.53 g/t gold. During the course of chip sampling a number of grab samples were also collected from cross-cutting quartz veins and mineralized shears. These quartz veins gave assays as high as 4.62% copper and 1.03 g/t gold.
The currently planned work program will consist of excavating ten 50 metre long trenches within the coincident copper-gold soil geochemical anomaly. These trenches will be wide spaced, put in along strike over a distance of 1.9 kilometres. Once the trenches have been mapped, sampled and assayed, a diamond drilling program is proposed to test the best target areas located by the trenching program.
Sultan is currently undertaking an updated resource estimate for tungsten on its nearby Jersey-Emerald property where assays are pending for ten surface drill holes on the recently discovered East Emerald Tungsten Zone.
Linda Dandy, P.Geo., is the project supervisor and “Qualified Person” on the Kena Property for the purpose of National Instrument 43-101, who has reviewed and verified the contents of this news release.
For further information on the Company’s projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological, President and CEO
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.
SEC 12g3-2(b): 82-4741
(c) 2008 Marketwire. Provided by ProQuest LLC. All rights Reserved.