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
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
Email: mlee@sultanminerals.com or info@sultanminerals.com
