VANCOUVER, BC / ACCESSWIRE / April 4, 2014 / Sultan Minerals Inc. (TSX-V: SUL) ("Sultan" or the "Company") is pleased to announce that the Company's representatives will be attending the Kamloops Exploration Group's 27th Annual KEG Conference and Trade Show to be held in Kamloops from Monday April 7 to Thursday April 10, 2014.
Sultan's president and CEO, Arthur Troup will personally be present at the Conference where he will be available to discuss the company's plans for the new gold discoveries on its Daylight Gold property located 10 km south of the community of Nelson in southeastern, British Columbia.
The Daylight property, initially staked in 1893, is host to 4 historic mines that operated intermittently prior to closure due to low gold prices in 1949. A complete review of historic information on the Daylight property was completed by the company's consulting geologist, Perry Grunenberg. The study found that the property is host to a number of vein, stockwork and porphyry style gold and gold-copper occurrences including the historic Starlight, Victoria, Daylight and Great Eastern gold-silver-copper mines.
The project 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.
In November 2013 Sultan successfully carried out a preliminary prospecting and sampling program on the Daylight property that located and confirmed the historic workings. The highlights of the program were: 1) the Starlight Gold Vein which averaged 10.3 g/t gold and 68.15 g/t silver over a 60.0 metre vein length with an average vein width of 1.6 metres and 2) the Victoria Gold Vein that assayed 28.1 g/t gold across a vein width of 0.85 metres (see Dec. 16, 2013 news release).
The recent project review included an assessment of historical exploration, mining and sampling activities and recent geochemical, geophysical and sampling programs completed by Sultan. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects".
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.