Vancouver, BC / ACCESSWIRE / July 14, 2014 / Sultan Minerals Inc. (TSX-V: SUL; "Sultan") is pleased to announce that Jack Denny and Associates of Salmo, BC, have been contracted to conduct a prospecting and sampling program on Sultan's Daylight Gold Property located 10 km south of the town of Nelson in southeastern, British Columbia. The exploration program will follow up and expand the sampling program completed in 2013 when the Company obtained 25.6 g/t gold, 175.2 g/t silver and 0.34% copper across a 1.9 metre wide quartz vein.
The Daylight property overlies four historic, high-grade, gold mines that operated in the early 1900's. The four mines, the Starlight, Victoria-Jessie, Daylight-Berlin and Great Eastern mines operated intermittently until the last operating mine, the Daylight Mine, closed in 1949.
Since acquiring the historic mines Sultan has explored the property with a soil geochemical survey, an Induced Polarization geophysical survey, an airborne magnetometer survey, a LiDar survey and preliminary prospecting and sampling programs. A complete review of the recent survey results and all historic mine information was recently completed by the company's consulting geologist, Perry Grunenberg. The project review suggests the property may be host to a number of vein, stockwork and porphyry style gold and gold-copper occurrences located outside of the historic mine areas. The review successfully identified four gold bearing targets that require exploration. These are the Starlight Shear Zone, the North Star Shear Zone, the Great Eastern Porphyry Gold Zone, and the Silver King Gold Corridor (see News Release of Jan 8, 2014).
The 2014 exploration program will investigate the four target areas and attempt to define targets for follow-up by trenching and diamond drilling.
For further information on the Company's projects, visit www.sultanminerals.com.
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: [email protected] or [email protected]
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.
SOURCE: Sultan Minerals Inc.