Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sultan Minerals Inc. (SUL)
0.03 ? -0.005 (-14.29%)
Volume: 165,000 @ 1:54:46 PM ET
Bid Ask Day's Range
0.03 0.035 0.03 - 0.035
TSX:SUL Detailed Quote Wiki
Sultan Minerals Inc. (SUL)
0.06 ? 0.0 (0.00%)
Volume: 83 @- ET
Bid Ask Day's Range
0.045 0.06 - - -
TSX:SUL Detailed Quote Wiki
Sultan Minerals Inc. (SUL)
0.07 ? 0.005 (7.69%)
Volume: 20,000 @ 10:50:51 AM ET
Bid Ask Day's Range
0.065 0.075 0.07 - 0.07
TSX:SUL Detailed Quote Wiki
Sultan Minerals Inc. (SUL)
0.075 ? 0.01 (15.38%)
Volume: 549,000 @ 3:49:08 PM ET
Bid Ask Day's Range
0.07 0.08 0.06 - 0.085
TSX:SUL Detailed Quote Wiki
Sultan Minerals Acquires 100% Interest in Historic Daylight Gold Mine, British Columbia
http://ca.finance.yahoo.com/news/Sultan-Minerals-Acquires-100-accesswire-834124261.html?x=0&.v=1
Sultan Minerals Inc. (SUL)
0.035 ? 0.005 (16.67%)
Volume: 73,500 @ 3:59:59 PM ET
Bid Ask Day's Range
0.03 0.035 0.035 - 0.035
TSX:SUL Detailed Quote Wiki
Sultan Applies for Drill Permit for Kena Gold Property, BC
http://ca.finance.yahoo.com/news/Sultan-Applies-Drill-Permit-accesswire-815091917.html?x=0&.v=1
Sultan Minerals Inc. (SUL)
0.04 ? 0.005 (14.29%)
Volume: 10,000 @ 3:57:29 PM ET
Bid Ask Day's Range
0.035 0.04 0.04 - 0.04
TSX:SUL Detailed Quote
Sultan Minerals Inc. (SUL)
0.045 ? 0.0 (0.00%)
Volume: 36,397 @ 3:03:38 PM ET
Bid Ask Day's Range
0.045 0.05 0.045 - 0.045
TSX:SUL Detailed Quote
Sultan Minerals Inc. (SUL)
0.06 ? -0.005 (-7.69%)
Volume: 130,000 @ 2:42:33 PM ET
Bid Ask Day's Range
0.055 0.065 0.06 - 0.065
TSX:SUL Detailed Quote
Sultan Minerals to Assess Rich Silver Mineralization on its Jersey-Emerald Tungsten-Zinc Property, BC
03/08/2011 [ACCESSWIRE]
http://www.baystreet.ca/users/newswire/viewarticle.aspx?id=391852
Sultan Minerals Inc. (SUL)
0.07 ? 0.005 (7.69%)
Volume: 76,000 @ 2:53:29 PM ET
Bid Ask Day's Range
0.065 0.07 0.07 - 0.07
TSX:SUL Detailed Quote
Sultan Minerals Geophysical Report Recommends Drilling for Copper King Zone Kena Property, BC
http://ca.finance.yahoo.com/news/Sultan-Minerals-Geophysical-accesswire-35554275.html?x=0&.v=1
Sultan Minerals Inc. (SUL)
0.09 ? 0.0 (0.00%)
Volume: 117,000 @ 3:33:01 PM ET
Bid Ask Day's Range
0.085 0.09 0.08 - 0.09
TSX:SUL Detailed Quote
Sultan Minerals Expands Copper King Zone 0.24% Copper Equivalent Over 210.55 Metres
Wed Nov 10, 9:00 AM
http://ca.news.finance.yahoo.com/s/10112010/28/link-f-ccnmatthews-sultan-minerals-expands-copper-king-zone-0-24.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - Sultan Minerals Inc. (TSX VENTURE: SUL.V)(FRANKFURT: RZN.F) ("Sultan") is pleased to report that it has now received the remainder of the assay results from its 2010 diamond drilling program on its Kena Property, located in southeastern British Columbia. These results include values from 2 holes drilled into the Copper King Zone and a single hole that tested the southernmost section of the high-grade gold corridor. The Copper King Zone drill holes intersected broad widths of copper and gold mineralization (see Table below). The drill holes tested an IP geophysical anomaly that is 6,000 metres long and 900 metres wide indicating potential for a sizeable zone of bulk tonnage copper-gold mineralization which is currently open for expansion in all directions.
---------------------------------------------------------------------------
Hole # From To Width Au g/t Cu % Cu Eq %(i)
---------------------------------------------------------------------------
10CK-01 1.45 212.00 210.55 0.132 0.166 0.237
---------------------------------------------------------------------------
including 1.45 67.50 66.05 0.135 0.222 0.295
---------------------------------------------------------------------------
and 85.50 119.50 34.00 0.132 0.183 0.254
---------------------------------------------------------------------------
and 192.00 212.00 20.00 0.360 0.430 0.624
---------------------------------------------------------------------------
10CK-02 121.00 145.69 24.69 0.093 0.221 0.271
---------------------------------------------------------------------------
including 139.00 145.69 6.69 0.103 0.372 0.427
---------------------------------------------------------------------------
(i) Cu Eq % was calculated using the following formula: (Cu(%) x 22 x 2.5)
+ (Au(g/t) x 0.03125 x 950) / (22 x 2.5). These calculations are based
on a value of $2.50 for copper and $950 for gold.
Hole 10CK-01 carried copper mineralization over its entire length of 394.78 metres with a copper equivalent grade of 0.164%. The upper 210.55 metres carried the highest grades averaging 0.237% copper equivalent. Within this zone there is a 20 metre high grade section that gave a copper equivalent grade of 0.624%.
Hole 10CK-02 carried copper mineralization over its entire length of 138.76 metres with a copper equivalent grade of 0.127%. The best copper values occurred in the lower 24.69 metres which carried a copper equivalent grade of 0.271%, with the highest grades encountered at the bottom of the hole which ended in a copper equivalent grade of 0.427% over the final 6.69 metres.
Earlier in 2010, encouraging copper-gold assays were obtained from Sultan's sampling of historic diamond drill core stored on the property since 1980s (see News Release dated September 8, 2010). These historic drill holes, combined with those just completed, confirm the copper-gold potential of the Copper King Zone.
Drill hole 10CK-01 is located 100 metres northwest of hole k90-4 which intersected 388.6 metres with a copper equivalent grade of 0.18%. The hole is 2.0 km southeast of drill hole 81-4 which had a 117 metre intersection with a copper equivalent grade of 0.29%.
Sultan's President Art Troup states: "We are extremely pleased with the results from this small drill program on the Copper King Zone. These wide intersections of copper-gold mineralization within an extensive geophysical anomaly confirm Dr. Jim Oliver's 2009 statement that the Copper King Zone is one of the highest priority target areas within the Kena claim block and is itself a superb stand-alone exploration target."
Final assay results were also received for the southernmost gold target diamond drill hole. This hole was drilled along the High grade Corridor 3.5 kilometres south of drill hole 10HG-05. The hole followed up favorable gold results from prior drill hole 02SG-04 which intersected a mineralized shear zone that assayed 12.63 g/t gold over 2.0 metres. The current drill hole 10SG-05 successfully intersected the same mineralized shear zone which at this location assayed 2.028 g/t gold over 1.21 metres, within a 10.35 metre alteration halo that averaged 0.70 g/t gold.
The Copper King mineralization lies within an elliptical IP geophysical anomaly that is 6,000 metres long and 900 metres wide. The geophysical anomaly encompasses the Kena Gold and Gold Mountain zones at the north end suggesting there is mineral zoning within the large mineralized system. The Company's geologists recommend an extensive drill program to better define the extent of the copper-gold mineralization which is open in all directions and at depth.
Linda Dandy, P.Geo., is managing the exploration drill program and is Sultan's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, who has reviewed and verified the contents of this news release.
To view the map accompanying this press release, please click on the following link: http://www.sultanminerals.com/i/maps/KenaProperty_Nov10_2010NR_Map.jpg
For further information on Sultan's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological, President and CEO
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
Marc Lee
Sultan Minerals Inc.
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
Sultan Minerals Commences Drilling on Gold and Copper Targets-Kena Property, BC
Thu Sep 16, 9:00 AM
http://ca.news.finance.yahoo.com/s/16092010/28/link-f-ccnmatthews-sultan-minerals-commences-drilling-gold-copper-targets-kena.html
Sultan Minerals Inc. (TSX:SUL)
Last Price (USD) $0.055
Change ? 0.005 (10.00%)
Bid 0.05
Ask 0.055
Volume 52,033
Days Range 0.055 - 0.06
Last Trade 9/8/2010 10:40:53 AM
Click for detailed quote page
Sultan Minerals Inc. (TSX:SUL)
Last Price (USD) $0.05
Change ? -0.005 (-9.09%)
Bid 0.05
Ask -
Volume 57,400
Days Range 0.05 - 0.055
Last Trade 6/9/2010 2:54:20 PM
Click for detailed quote page
Sultan Minerals Announces 2010 Exploration Program for Its Kena Gold Property, BC
Tue Mar 23, 9:00 AM
http://ca.news.finance.yahoo.com/s/23032010/28/link-f-ccnmatthews-sultan-minerals-announces-2010-exploration-program-its-kena.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 23, 2010) -
Sultan Minerals Inc. -
(TSX VENTURE: SUL.V)(FRANKFURT: RZN.F) ("Sultan") is pleased to announce its 2010 Exploration Program on its Kena Gold Property, located in southeastern British Columbia.
The program is designed to test the gold and copper-gold potential in the area south of the Kena Gold Zone. These target areas were identified by geological mapping work conducted by Dr. Jim Oliver and by the IP geophysical survey completed in November (please see news releases of September 9 and November 19, 2009).
The initial program is budgeted for $500,000 and will include soil sampling, IP surveying, excavator trenching and diamond drilling.
The soil sampling will be done where gaps of existing data require infill to better establish the limits of the gold and copper geochemical anomalies. Trenching and drilling will test the best targets defined by the geochemical and geophysical surveys (in conjunction with historic data), Priority will be given to the strongest soil geochemical anomalies, especially coincident copper-gold anomalies that coincide with IP geophysical anomalies.
The Kena Property contains two areas of porphyry style gold mineralization - the Gold Mountain and Kena Gold Zones, which were the subject of a National Instrument 43-101 resource estimate in 2004 co-authored by G.H. Giroux, P.Eng., MASc. and Linda Dandy, P. Geo. The two zones have a measured and indicated resource of 381,000 ounces of gold and an additional inferred resource of 389,000 ounces of gold. The deposits have an average grade of 1.0 g/t gold using a cut off grade of 0.50 g/t (see News Release of June 7, 2004).
Geologic trends and strong geophysical and geochemical features indicate that the two gold zones relate to the same features and infill drilling between the zones may substantially increase the current resource estimate. These features also extend beyond the limits of the Gold Mountain and Kena Gold porphyry mineralization, most predominantly toward the south where a third gold zone (the South Gold Zone) lies 3 kilometres away.
In conjunction with the porphyry gold mineralization, the large Kena Property also has significant copper porphyry potential in its Kena Copper Zone (see News Release dated November 3, 2008), and gold-silver vein style mineralization at its historic Euphrates, Victoria, and Starlight Mines. The gold, copper and gold-silver mineralizations are each believed to be related to individual mineralizing events.
The exploration program is expected to commence in early June and should take a couple of months to complete.
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.
To view the map associated with this press release, please click on the following link: http://www.sultanminerals.com/i/maps/Kena_NR032310.jpg
Arthur G. Troup, P.Eng., President, CEO
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
Marc Lee
Sultan Minerals Inc.
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
Sultan Minerals Inc. (TSX:SUL)
Last Price (CAD)
$ 0.06
Change
? 0
Bid 0.06
Ask -
Volume 70,500
Day's Range 0.06 - 0.065
Last Trade 3:58:20 PM EST
Click for Detailed Quote Page
Sultan Minerals Inc. (TSX:SUL)
Last Price (CAD)
$ 0.075
Change
? 0
Bid 0.07
Ask -
Volume 24,400
Day's Range 0.075 - 0.075
Last Trade 3:56:34 PM EST
Click for Detailed Quote Page
Sultan Minerals Identifies High Priority Geophysical Target on its Kena Gold-Copper Property, BC
Thu Nov 19, 9:00 AM
http://ca.news.finance.yahoo.com/s/19112009/28/link-f-ccnmatthews-sultan-minerals-identifies-high-priority-geophysical-target-its.html
Sultan Minerals Inc. (TSX:SUL)
Last Price (CAD)
$ 0.055
Change
◊ 0
Bid 0.055
Ask -
Volume 55,000
Day's Range 0.055 - 0.06
Last Trade 11:56:54 AM EST
Click for Detailed Quote Page
Sultan Minerals Resumes Exploration on the Kena Gold-Copper Project, BC
Wed Sep 23, 1:15 PM
http://ca.news.finance.yahoo.com/s/23092009/28/link-f-ccnmatthews-sultan-minerals-resumes-exploration-kena-gold-copper-project.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2009) - Sultan Minerals Inc. (TSX VENTURE: SUL.V)(FRANKFURT: RZN.F) ("Sultan") is pleased to report that exploration has resumed on its 100% owned Kena Copper-Gold Property, located north of Ymir in southeastern BC. A two phase work program entailing geochemical sampling and induced polarization (IP) geophysical surveys will focus on drill target definition over the Kena Copper and South Gold zones. This work follows recommendations described in the J. Oliver report released September 9, 2009.
The Oliver report states: "The area lying to the southeast of the Kena Copper Zone represents one of the highest priority target areas within the Kena claim block and is itself a superb stand-alone exploration target." "There is a positive qualitative correlation between copper and gold, approximately 1000 ppm copper to 100 ppb gold, and well developed gold-copper zonation patterns are emerging."
The Kena Copper Zone was initially identified with pre-NI 43-101 work programs carried out in the 1970s and 1980s by a number of exploration companies including Quintana, Lacana, Tournigan, Kerr Addison and Noramco. In 1977 a 21-metre trench sample reported 0.53% copper (Quintana, 1977). In 1981 a nearby drill hole by Kerr Addison intersected 0.27% copper over 51 metres. One kilometre to the southwest a second hole returned 0.18% copper over 45 metres.
Soil sampling has since identified a large, strong copper geochemical anomaly with associated gold values (refer to January 29, 2008, news release). This soil anomaly has dimensions of 2,500 metres in length and an average of 450 metres in width as outlined by the 300 ppm copper contour. Within the anomaly there are numerous soil samples assaying between 1,000 and 5,000 ppm copper. Accompanying the copper soil geochemistry anomaly is an associated, partially overlapping, strong cohesive gold geochemical anomaly with dimensions of 1,200 by 200 metres. In November 2008 a small trenching program carried out by Sultan returned an average grade of 0.26% copper and 0.137 g/t gold over a 56-metre wide zone.
The 8,000-hectare Kena Property also encompasses the Gold Mountain and Kena Gold Zones, which host shear hosted, bulk tonnage, gold mineralization. The two zones have a measured and indicated NI 43-101 compliant resource of 11,820,000 tonnes containing 381,000 ounces of gold at an average grade of 1.0 g/t using a 0.5 g/t cut-off grade for gold. There is an additional inferred resource of 12,150,000 tonnes containing 389,000 ounces of gold at the same grade (refer to June 7, 2004, news release).
The IP survey will be carried out by Peter E. Walcott & Associates of Vancouver, BC and will focus on the Kena Copper Zone and its southeastern extension. The survey area has only recently been opened up by logging operations. The soil geochemical sampling program will be carried out by PBG Geoscience from Kamloops, BC. The geochemical survey will explore an unsampled area located between the north end of the Kena Copper Zone and Kena Gold Zone.
Perry Grunenberg, P.Geo., of PBG Geoscience is managing the exploration program and is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects".
Arthur G. Troup, P.Eng., Geological, President and CEO
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
Marc Lee
Sultan Minerals Inc.
Investor and Corporate Communications
(604) 687-4622 or Toll Free: 1-888-267-1400
(604) 687-4212 (FAX)
mlee@sultanminerals.com / info@sultanminerals.com
www.sultanminerals.com
Sultan Minerals Intercepts 28 Feet of 0.18% WO3 and Resumes Drilling on Its Jersey-Emerald Property, B.C.
Thu Aug 20, 9:00 AM
http://ca.news.finance.yahoo.com/s/20082009/28/link-f-ccnmatthews-sultan-minerals-intercepts-28-feet-0-18-wo3.html
Sultan Minerals Inc. (TSX:SUL)
Last Price (CAD)
$ 0.075
Change
▲ 0.005 (7.14%)
Bid 0.065
Ask 0.075
Volume 396,900
Day's Range 0.055 - 0.075
Last Trade 3:40:12 PM EDT
Click for Detailed Quote Page
Sultan Minerals Resumes Drilling on Its Tungsten-Molybdenum Property
Tue Jun 23, 8:30 AM
http://ca.news.finance.yahoo.com/s/23062009/28/link-f-ccnmatthews-sultan-minerals-resumes-drilling-its-tungsten-molybdenum-property.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2009) - Sultan Minerals Inc. (TSX VENTURE: SUL.V)(FRANKFURT: RZN.F) ("Sultan") is pleased to announce that diamond drilling has resumed on its Jersey-Emerald Property in the Salmo area of British Columbia. Drilling is underway with a surface drill to investigate the potential of several new tungsten, zinc and molybdenum targets discovered in 2008 (to see the map associated with this press release, please click on the following link: http://www.sultanminerals.com/i/pdf/2009-06-23_NR-map.pdf).
Drill site preparation is currently underway and diamond drilling is scheduled to begin immediately. The program will initially involve drill testing three large new tungsten and zinc targets discovered by geochemical, geophysical and trenching programs completed in 2009 (see news release of February 17, 2009). Drilling is also planned for the recently acquired Victory Tungsten deposit and for targets discussed in the NI 43-101 Tungsten Resource Estimate released on January 21, 2009.
The Jersey-Emerald property is host to the historic Jersey Lead-Zinc Mine, British Columbia's second largest lead-zinc producer and the former Emerald Tungsten Mine, Canada's second largest tungsten mine. Year-round gravel roads and power lines cross the property and water is plentiful. Underground workings of the historic Jersey and Dodger deposits are in excellent condition allowing for future underground access with little rehabilitation.
The January 21, 2009, Tungsten Resource Estimate indicated remnant tungsten resource of 2,719,000 tons averaging 0.358% WO3, and an additional inferred resource of 2,320,000 tons averaging 0.341% WO3 at a 0.15% WO3 cutoff. Exploration completed in 2009 shows there is potential to significantly expand the tungsten resource with exploration in both the historically mined areas and the surrounding terrain.
A geological review of historic data from the Jersey Zinc mine is also underway. The purpose of the study is to evaluate the potential for remnant zinc mineralization within the historic mine and to identify potential drill targets adjacent to the former zinc workings. Drilling completed by Sultan in 2007 intersected widespread zinc mineralization marginal to the historic workings suggesting that important zinc mineralization may extend to the east, west and south of the former mine.
Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is managing the exploration drill program and is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects". Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Tungsten Mines is supervising the geological review of the Jersey Zinc Mine.
Sultan has recently completed a financing through Northern Securities and is well financed to undertake the work programs planned for its projects.
For further information on Sultan's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological, President and CEO
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
Marc Lee
Sultan Minerals Inc.
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
Sultan Minerals Commences Exploration at Its Kena Gold Property, BC
Thu May 21, 8:30 AM
http://ca.news.finance.yahoo.com/s/21052009/28/link-f-ccnmatthews-sultan-minerals-commences-exploration-its-kena-gold-property.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2009) - Sultan Minerals Inc. (TSX VENTURE: SUL.V)(FRANKFURT: RZN.F) ("Sultan") is pleased to announce that it has contracted Dr. Jim Oliver, P.Geo. to conduct a structural mapping program on its Kena Gold Property, located in southeastern British Columbia.
The Kena Property contains two areas of porphyry style gold mineralization - the Gold Mountain and Kena Gold Zones, which were the subject of a National Instrument 43-101 resource estimate in 2004 co-authored by G.H. Giroux, P.Eng., MASc. and Linda Dandy, P. Geo. The two zones have a measured and indicated resource of 24,860,000 tonnes containing 541,000 ounces of gold and an additional inferred resource of 25,800,000 tonnes containing 557,000 ounces of gold at a cut off grade of 0.30 g/t (see News Release of June 7, 2004).
Dr. Oliver's field program will commence on June 1st. In preparation for the project he is reviewing and evaluating prior published and in-house reports, diagrams and evaluations completed by several geological experts (from industry and government) who have previously undertaken work for Sultan on the Kena Property; including David Rhys, M.Sc., P.Geo., Kathryn P.E. Dunne, M.Sc., P.Geo., Dr. Trygve Hoy, and Jim Logan, P.Geo. of the BC Geological Survey Branch.
Geologic trends and strong geophysical and geochemical features indicate that the two gold zones relate to the same features and infill drilling between the zones may increase the current resource estimate. These features also extend beyond the limits of the Gold Mountain and Kena Gold porphyry mineralization, most predominantly toward the south where a third gold zone (the South Gold Zone) lies 3 kilometres away.
In conjunction with the porphyry gold mineralization, the large Kena Property also has significant copper porphyry potential in its Kena Copper Zone (see News Release dated November 3, 2008), and gold-silver vein style mineralization at its historic Euphrates, Victoria, and Starlight Mines. The gold, copper and gold-silver mineralizations are each believed to be related to individual mineralizing events.
Dr. Oliver will expand on the existing data in order to determine structural features and orientations that are responsible for mineral controls, zonations and deposit orientation and extensions. His work will include recommendations for work programs designed to expand the known mineralized zones and identify their structural and mineralogical constraints.
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.
Sultan is actively seeking potential joint venture opportunities with senior mining companies that have the capability of advancing the Kena Property towards development.
For further information on Sultan's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., President, CEO
To view the map accompanying this release please click on the following link: http://www.sultanminerals.com/i/maps/Kena-NR-05-21-09.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
Marc Lee
Sultan Minerals Inc.
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
Sultan Minerals Inc. (Tier2) (TSX:SUL)
Last Price (CAD)
$ 0.035
Change
◊ 0
Bid 0.03
Ask 0.035
Volume 113,500
Day's Range 0.03 - 0.035
Click for Detailed Quote Page
Last Trade:15:39:14 EDT May-12-09
Sultan Minerals Inc. (Tier2) (TSX:SUL)
Last Price (CAD)
$ 0.025
Change
◊ 0
Bid 0.025
Ask 0.035
Volume 55,500
Day's Range 0.025 - 0.025
Click for Detailed Quote Page
Last Trade:15:35:49 EST Mar-6-09
Sultan Minerals Inc. (Tier2) (TSX:SUL)fiat(CAD)$ 0.035
Change
◊ 0
Bid 0.03
Ask 0.04
Volume 97,000
Day's Range 0.035 - 0.04
Click for Detailed Quote Page
Last Trade:13:51:35 EST Jan-23-09
btw. its a mining show this weekend -
Sultan often represented at the shows -
http://investorshub.advfn.com/boards/board.aspx?board_id=2205
Vancouver Resource Investment Conference
Vancouver, British Columbia, Canada
Sunday-Monday, January 25-26, 2008
http://www.cambridgeconferences.com/ch_jan2009.html
God Bless
Sultan Minerals Inc. is a gold, silver and base metals exploration company with a portfolio of mineral properties. Sultan Minerals' 2008 exploration program will focus on expanding the Molybdenum and Tungsten resource on its Jersey Emerald Historical Mine, located in southeastern British Columbia. An update to the resource estimate is also planned as well as completion of the first phase of the environmental study initiated in 2007. A drilling and trenching program has also been outlined for the Kena Gold Property in British Columbia to expand the Gold resources.
http://www.sultanminerals.com
Sultan Minerals Inc. (Tier2) (TSX:SUL)
Last Price (CAD)
$ 0.04
Change
◊ 0
Bid 0.03
Ask 0.04
Volume 524,500
Day's Range 0.03 - 0.04
Click for Detailed Quote Page
Last Trade:15:35:51 EST Jan-21-09
Sultan Minerals Releases Updated NI 43-101 Tungsten Resource
Wed Jan 21, 9:00 AM
http://ca.news.finance.yahoo.com/s/21012009/28/link-f-ccnmatthews-sultan-minerals-releases-updated-ni-43-101-tungsten.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2009) - Sultan Minerals Inc. (TSX VENTURE: SUL.V)(FRANKFURT: RZN.F) ("Sultan" or the "Company") is pleased to announce that it has now received updated resource calculations for the Tungsten Zones on its Jersey-Emerald Property in the Kootenay District of British Columbia. The updated resource estimate shows a measured plus indicated resource of 2,719,000 tons averaging 0.358% WO3, and an additional inferred resource of 2,320,000 tons averaging 0.341% WO3 at a 0.15% WO3 cutoff. The mineralization remains open along strike.
Resource calculations were prepared by Giroux Consultants Ltd. of Vancouver, BC and the resulting National Instrument 43-101 Technical Report was co-authored by independent geological consultants Gary Giroux, P.Eng., of Giroux Consultants Ltd. and Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC.
In determining the updated resource, separate tungsten resource estimations were produced for the Emerald Mine Area and the recently discovered East Emerald Zone. The weighted averages for these two zones were then combined with the previously reported 2006 resources. As shown in the following table, the combined estimate shows a measured plus indicated resource of 2,719,000 tons averaging 0.358% WO3, and an additional inferred resource of 2,320,000 tons averaging 0.341% WO3, using a cut-off grade of 0.15% WO3.
COMBINED 2006-2008 TOTAL WO3 RESOURCE SUMMARY
---------------------------------------------------------------------------
Tons greater WO3 Pounds of
Year Deposit Classification Cutoff than Cutoff % WO3
---------------------------------------------------------------------------
2006 Dodger, Measured 0.15 1,200,000 0.379 9,096,000
East Dodger ------------------------------------------------------
and Indicated 0.15 1,310,000 0.365 9,563,000
Invincible ------------------------------------------------------
Measured + 0.15 2,510,000 0.372 18,674,000
Indicated
------------------------------------------------------
Inferred 0.15 1,210,000 0.397 9,607,000
---------------------------------------------------------------------------
2008 Emerald and Indicated 0.15 209,000 0.188 786,000
East Emerald ------------------------------------------------------
Inferred 0.15 1,110,000 0.285 6,327,000
---------------------------------------------------------------------------
2006 & Combined Measured + 0.15 2,719,000 0.358 19,460,000
2008 Indicated
------------------------------------------------------
Inferred 0.15 2,320,000 0.341 15,934,000
---------------------------------------------------------------------------
In computing the updated resource estimates geologic domain three dimensional solids were constructed to constrain three mineralized areas: the Emerald Mine Area, East Emerald - Upper and East Emerald - Lower zones. Separate resource estimations were produced for tungsten in the Emerald Mine Area and East Emerald Zones based on 633 diamond drill holes totalling 121,248.6 ft of core. Of these 242 drill holes had intersections within the mineralized zones for a total of 42,303 ft of mineralized core.
Within the high grade Emerald mine, tungsten assays were capped at 8.0% WO3, while in the low grade East Emerald zones tungsten assays were capped at 1.1% WO3.
The Company's consultants have suggested that 0.15% WO3 might be a realistic cutoff grade for an open pit operation while a cutoff of 0.24% WO3 might be realistic for an underground mining operation in this location at current tungsten prices, which is compatible with the 2006 resource estimate. The following tables set out the measured plus indicated resource at cutoff grades for WO3 ranging from 0.02% to 0.30%.
---------------------------------------------------------
EMERALD AND EAST EMERALD ZONES
INDICATED RESOURCE WITHIN TOTAL DILUTED BLOCKS
---------------------------------------------------------
Tons greater Grade greater
WO3 Cutoff than Cutoff than Cutoff Pounds of
(%) (tons) WO3 % WO3
---------------------------------------------------------
0.02 1,754,000 0.081 2,841,480
---------------------------------------------------------
0.04 1,334,000 0.097 2,587,960
---------------------------------------------------------
0.06 997,000 0.114 2,273,160
---------------------------------------------------------
0.08 726,000 0.130 1,887,600
---------------------------------------------------------
0.10 487,000 0.150 1,461,000
---------------------------------------------------------
0.12 350,000 0.166 1,162,000
---------------------------------------------------------
0.14 245,000 0.182 891,800
---------------------------------------------------------
0.15 209,000 0.188 785,840
---------------------------------------------------------
0.16 157,000 0.200 628,000
---------------------------------------------------------
0.18 99,000 0.217 429,660
---------------------------------------------------------
0.20 59,000 0.237 279,660
---------------------------------------------------------
0.22 43,000 0.248 213,280
---------------------------------------------------------
0.24 12,000 0.291 69,840
---------------------------------------------------------
0.26 9,000 0.308 55,440
---------------------------------------------------------
0.28 6,000 0.323 38,760
---------------------------------------------------------
0.30 3,000 0.355 21,300
---------------------------------------------------------
---------------------------------------------------------
EMERALD AND EAST EMERALD ZONES
INFERRED RESOURCE WITHIN TOTAL DILUTED BLOCKS
---------------------------------------------------------
Tons greater Grade greater
WO3 Cutoff than Cutoff than Cutoff Pounds of
(%) (tons) WO3 % WO3
---------------------------------------------------------
0.02 8,640,000 0.093 16,070,400
---------------------------------------------------------
0.04 6,460,000 0.115 14,858,000
---------------------------------------------------------
0.06 4,590,000 0.142 13,035,600
---------------------------------------------------------
0.08 3,320,000 0.169 11,221,600
---------------------------------------------------------
0.10 2,490,000 0.196 9,760,800
---------------------------------------------------------
0.12 1,840,000 0.226 8,316,800
---------------------------------------------------------
0.14 1,370,000 0.259 7,096,600
---------------------------------------------------------
0.15 1,110,000 0.285 6,327,000
---------------------------------------------------------
0.16 930,000 0.311 5,784,600
---------------------------------------------------------
0.18 760,000 0.343 5,213,600
---------------------------------------------------------
0.20 600,000 0.383 4,596,000
---------------------------------------------------------
0.22 550,000 0.399 4,389,000
---------------------------------------------------------
0.24 470,000 0.429 4,032,600
---------------------------------------------------------
0.26 410,000 0.455 3,731,000
---------------------------------------------------------
0.28 370,000 0.476 3,522,400
---------------------------------------------------------
0.30 340,000 0.492 3,345,600
---------------------------------------------------------
Within the Emerald Mine, tungsten resource estimations were determined only for the un-mined mineralization in the drilled out portions of the deposit. In order to account for underground mining the proportion of underground voids within each resource block was determined and this amount of material was subtracted from the tonnage calculated for that block.
The report makes a number of recommendations that can be summarized as follows:
1) An additional 5,000 metres of diamond drilling be completed to fully define the Emerald and East Emerald tungsten zones.
2) A total of 20 excavator trenches be put in to test the East Emerald zone and its projected extension to the north and south.
3) The Invincible mine workings should be dewatered and the access portals stabilized to provide access for underground drill testing of the East Emerald Tungsten zone and the Invincible workings.
4) The East Dodger resource estimate should be updated to include the recent drilling.
5) The 2007 economic scoping study should be updated and should include:
a) Preparation of a mine plan;
b) Design and costing of surface facilities;
c) Continuing implementation of environmental studies;
d) Review of ore transport options;
e) Review of tailings disposal options;
f) Review wastewater disposal alternatives; and
g) Review historic metallurgy and conduct further metallurgical testing.
The combined total cost to complete the recommended work is estimated at $1,358,500.
The Company is very pleased with the results of this updated resource estimate. The study shows a significant tungsten resource on the property with potential for expansion both within the historically mined areas and within the surrounding terrain.
Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" as defined by NI 43-101, "Standards of Disclosure for Mineral Projects". Mr. Ed Lawrence, P.Eng, former Manager of the Jersey and Emerald Mines under Placer-Dome, oversees all on-going diamond drilling programs for Sultan.
For further information on the Sultan's projects, visit www.sultanminerals.com.
To view the Emerald Tungsten Deposits 2009 Resource Estimates map please click on the following link: http://media3.marketwire.com/docs/sul121m1.pdf.
Arthur G. Troup, 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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
Contacts
Marc Lee
Sultan Minerals Inc.
Investor & Corporate Communications
(604) 687-4622 or Toll Free: 1-888-267-1400
(604) 687-4212 (FAX)
Email: mlee@sultanminerals.com or info@sultanminerals.com
Website: www.sultanminerals.com
Sultan Minerals Drills Impressive 85 Foot Zone of 0.16% MoS2 at its Jersey-Emerald Property, BC, Canada
Monday August 18, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to report assays for seven underground diamond drill holes from the ongoing exploration program at its 100% owned Jersey-Emerald Molybdenum-Tungsten Property located near Salmo, British Columbia.
The seven holes successfully tested the lateral limits of the Dodger Molybdenum Zone extending the zone 200 feet to the south. This large molybdenum-bearing stockwork has now been intersected in 36 diamond drill holes over an area measuring 3,200 feet (1,000 metres) north-south by 900 feet (300 metres) east-west. The zone remains open in most directions.
Highlights of the program are drill-holes JM08-08 and JM08-09 where very favourable results expand the Dodger Molybdenum Zone to the south. Hole JM08-08 assayed 0.16% molybdenum (MoS2) over a core length of 85.0 feet within a 288.0 foot section that averaged 0.07% MoS2. The hole contained several very high-grade molybdenum bearing zones including 1.74% MoS2 over 3.0 feet, 0.44% MoS2 over 5.0 feet and 0.81% MoS2 over 4.3 feet. Hole JM08-09, located 100 feet south of hole JM08-08, assayed 0.08% MoS2 over a core length of 105.0 feet including 1.04% MoS2 over 5.0 feet. This hole also intersected a 10.0-foot wide quartz vein that assayed 0.5% MoS2 and 0.40 g/t gold.
Tungsten mineralization was also intersected in many of the holes and is believed to represent the western extension of the East Dodger Tungsten Zone. The most notable intercept was in hole JM08-09 that assayed 0.73% tungsten (WO3) over a core length of 9.10 feet within a 23.6 foot section that averaged 0.35% WO3.
Significant assay intersections for the seven holes are tabled below:
[summary in following link]
http://biz.yahoo.com/ccn/080818/200808180480307001.html?.v=1
Sultan Minerals to Trench Porphyry Copper-Gold Zone on Its Kena Property, BC
Tuesday August 26, 8:30 am ET
http://biz.yahoo.com/ccn/080826/200808260481726001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
Contact:
Marc Lee
Sultan Minerals Inc.
Investor & Corporate Communications
(604) 687-4622 or Toll Free: 1-888-267-1400
(604) 687-4212 (FAX)
Email: mlee@sultanminerals.com or info@sultanminerals.com
Website: www.sultanminerals.com
--------------------------------------------------------------------------------
Source: Sultan Minerals Inc.
H.C. Stark Press Release
http://tinyurl.com/5cqn5y
Tuesday - 2008/05/06
Newton, MA, May 06, 2008
H.C. Starck Inc.’s Fabricated Products (“FPR”) Division announces higher refractory metal prices
H.C. Starck Inc.’s Fabricated Products (“FPR”) Division is notifying customers worldwide of a double digit price increase for molybdenum, tungsten, tantalum and niobium metals effective immediately or as contracts permit.
The substantial increase in demand for molybdenum, tungsten, niobium, and tantalum, including from emerging markets such as China and the global consumer electronics market has resulted in a sustained increase in the cost of raw materials. These market conditions for refractory metals are increasingly projected to be secular, not cyclical. This means that pricing pressures will be sustained and likely increase. In addition to the cost of molybdenum, tantalum, niobium, and tungsten, prices of other commodities, such as energy, significantly affects FPR including, for example, in production and transportation.
“H.C. Starck Inc. thus far has absorbed all of these macro economic based cost increases, said Andrew Towey, Vice President of Global Marketing for FPR. Unfortunately the prevailing market conditions have reached a point where H.C. Starck must recoup some of these costs.”
About H.C. Starck
H.C. Starck is an international group of companies with more than 3,400 employees at production sites in Europe, North America and the Far East. Widely known for its technology in refractory metals, ceramics, and chemicals for the electronic, semiconductor, and optical industries, H.C. Starck is owned by Advent & Carlyle.
Contact:
Andrew Towey
Phone: +1 617.630.5810
Fax: +1 617.630.5807
andrew.towey@hcstarck.com
Metallics Gold Assay Increase Grade on Sultan Minerals' Kena Property, BC-Expanded Work Program Planned
Wednesday May 7, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to report a second set of gold assay results for a deep drill hole completed in December on its 100%-owned, 8,000 hectare, Kena Gold Property in British Columbia. This drill hole, located centrally in the Gold Mountain Zone of the Kena Property, confirmed that gold mineralization extends from surface to a hole depth of 435.33 metres (1,428 feet) which is well below any previous drill intersections, as previously announced on February 27, 2008.
In follow-up to the original assays, eleven drill core storage samples were re-assayed for gold using the metallics gold assay method. The procedure involved pulverizing and screening one kilogram splits and assaying both the fine and coarse screened fractions. The following table compares the gold assays from the original fire assays processed with the new metallics assay results. As demonstrated by the table [in link below], metallics assaying of these eleven samples show an average increase in gold grade of 12%.
http://biz.yahoo.com/ccn/080507/200805070460102001.html?.v=1
Sultan Minerals Expands Tungsten Zone at its Jersey-Emerald Property, BC
Tuesday April 29, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to report assay results for nine holes, JS07-39 through JS07-47, from the on-going drill program on its 100% owned Jersey-Emerald tungsten-molybdenum property in southern British Columbia. Results from these nine holes continue to show good continuity to the recently identified East Emerald Tungsten Zone. The East Emerald is a sizeable zone of bulk tonnage, tungsten mineralization. The deposit is exposed on surface suggesting that much of the mineralization may be extracted by surface mining methods. The zone was previously intersected in drilling by Placer Dome in the 1950's and 1970's; and later by Sultan's drilling in 2006.
The drill results show a number of tungsten bearing horizons contained within a stratigraphic thickness of almost 700 feet. Sultan has intersected the zone in 26 drill holes that confirm the continuation of the tungsten mineralization over a length of 2,700 feet (800 metres) and a width of 700 feet (200 metres). The results show several horizons of 0.25% to 0.60% tungsten mineralization contained within wide zones of lower grade mineralization averaging 0.10 to 0.25% WO3. The zone remains open to the north, south and west. An additional factor in some of these holes is the significant molybdenum (MoS2) content found in the same horizon as the tungsten.
Significant intersections from holes JS07-39 through JS07-47 are given in the following table:
[continued in following link]
http://biz.yahoo.com/ccn/080429/200804290458043001.html?.v=1
Sultan Minerals Drills Bulk Tonnage Tungsten Mineralization at its Jersey-Emerald Property, BC, Canada
Tuesday April 15, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to report assay results for 9 holes, JS07-30 thru JS07-38, from the on-going drill program on its 100% owned Jersey-Emerald tungsten-molybdenum Property in southern British Columbia. The holes explored the East Emerald Tungsten Zone and show 6 tungsten bearing horizons, several of which are molybdenum rich, hosted within a 700-foot thick stratigraphic unit. The holes confirm the continuation of the tungsten mineralization over a length of 2,000 feet (600 metres) and a width of 700 feet (200 metres). The zone remains open to the north, south and west.
The East Emerald Tungsten Zone is a sizeable zone of low-grade, bulk tonnage, tungsten mineralization discovered by drilling in 2006. Assays from the earlier drill holes completed in November 2006, which are also along the east side of the zone, showed grades of 0.15% WO3 across core widths ranging from 15.0 to 54.5 feet within a 201.3 foot wide zone that assayed 0.08% WO3 (see News Release of Jan 17, 2007). The present drill results show many intersections of 0.20% WO3 to 0.45% WO3, often with associated molybdenum values, suggesting that grades improve to the north.
The western up-dip extension of the mineralization is exposed on surface, suggesting that a significant percentage of the mineralization may be amenable to open pit mining. The mineralization lies directly above the Invincible decline, which is a large haulage tunnel designed to handle 40 ton trucks. This raises the possibility that the mineralization may be readily accessible to low-cost underground mining as well as surface mining operations.
Significant intersections from the recent drill holes are given in the following table:
http://biz.yahoo.com/ccn/080415/200804150454962001.html?.v=1
Sultan Minerals Expands Tungsten and Zinc Mineralization at Its Jersey-Emerald Property, BC, Canada
Thursday March 27, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to announce assay results for drill holes JS07-22 through JS07-29 on its 100% owned Jersey-Emerald tungsten-molybdenum ("WO3-MoS2") property in southern British Columbia. The results are very favourable. Furthermore, two holes successfully demonstrated potential for large extensions to the historic East Dodger Tungsten Mine and five holes confirmed an eastern extension of the historic Jersey Zinc Mine (see earlier News Release of March 13, 2008).
Three drill holes, JS07-22, JS07-25 and JS07-26, tested a 2,000-foot long corridor centred on the historic Emerald Tungsten Mine. Hole JS07-22, located 1,200 feet north of the Emerald workings, intersected a 6.6-foot thick tungsten rich zone that assayed 0.57% WO3 within a 41.2-foot thick horizon that assayed 0.20% WO3. Hole JS07-25, located 500 feet south of the Emerald workings intersected 3.9 feet that carried 2.21% WO3 within a 14.20-foot wide zone that assayed 0.65% WO3. Assays for hole JS07-26 are still pending. The results obtained from these holes suggest that tungsten mineralization comparable in grade and width to the historic mine extend well beyond the historic mine workings of Emerald.
Drill hole JS07-25 also intersected a 2.9-foot wide quartz vein carrying 0.40% MoS2 in a granite intrusive beneath the tungsten zone. This mineralization is believed to represent the southern margin of the East Dodger Molybdenum zone found in the Dodger 4200 Drive North approximately 500 feet to the west.
Significant tungsten and molybdenum intersections from these holes at Emerald are given in the following table:
[continued in following link]
http://biz.yahoo.com/ccn/080327/200803270451129001.html?.v=1
Sultan Minerals Intersects Lead-Zinc and Gold at Its Jersey-Emerald Molybdenum-Tungsten Property, BC, Canada
Thursday March 13, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to announce that seventeen additional diamond drill-holes have intersected and expanded a zone of lead-zinc mineralization on its 100% owned Jersey-Emerald molybdenum-tungsten Property in southern British Columbia.
Final assay results are now available for 21 diamond drill holes, JS07-01 through JS07-21, that test a zone of stratiform zinc mineralization discovered by trenching in September 2007 (see News Release of Sept. 24, 2007). The mineralization was initially confirmed by four diamond drill holes, JS07-01 through JS07-04, reported on February 11, 2008.
Highlights of the 21 holes reported here were hole JS-07-01 which assayed 10.53% zinc and 3.02% lead across 5.0 feet within a 60.0 foot thick zone that assayed 3.35% zinc and 0.73% lead, hole JS-07-17 which assayed 7.69% zinc across 5.9 feet within an 85.0 foot thick zone that assayed 1.46% zinc and hole JS-07-08 which assayed 5.22% zinc across 20.0 feet within a 60.0 foot thick zone that assayed 1.33% zinc.
The 21 drill holes test a 1,000 foot by 1,000 foot area centred on the north end of the historic Jersey Lead-Zinc Mine. The results suggest that several horizons of significant zinc and lead mineralization occur within a thick, zinc-rich horizon that stretches east and west from the north end of the historic Jersey Mine workings. Lead and silver concentrations are seen to increase to the north and west, while zinc concentrations increase to the south and east.
In addition to the lead-zinc mineralization an unexpected gold intersection was encountered in hole JS-07-15. This hole assayed 6.16 g/t gold across a 24.4 foot core length from 22.6 to 47.0 feet. The intersection included a 10.0 foot section from 37.0 to 47.0 feet that assayed 10.43 g/t gold. Additional diamond drilling is required to determine the potential of this zone.
Significant lead, zinc and silver intersections from the 21 drill holes are given in the following table:
[continued in following link]
http://biz.yahoo.com/ccn/080313/200803130448300001.html?.v=1
Sultan Minerals Intersects Stratiform Lead-Zinc-Silver at its Jersey-Emerald Property in British Columbia, Canada
Monday February 11, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to announce encouraging lead-zinc assay results for three surface diamond drill holes at its 100%-owned Jersey-Emerald Property, located in southeast British Columbia. The drill holes tested a 330 foot (100 m) long section of a 1,200 foot (365 m) long stratiform band of high-grade lead-zinc-silver mineralization discovered by a trenching program in September 2007 (see news release of September 24, 2007). Assays have now been received for the first four holes of a 61 drill hole program that explored for tungsten and lead-zinc mineralization on this polymetallic property.
The following describes results of the three successful holes which are also shown in tabular form below.
The first hole (JS07-01) of the current drill program intersected a 5.0 foot (1.52 m) wide zone that carried 10.53% zinc and 3.02% lead within a 60.0 foot (18.3 m) wide zone that assayed 3.35% zinc and 0.73% lead (true width of these intersections is approximately 82% of the intersection width). Hole JS07-02 drilled to the southeast of JS07-01 penetrated the mineralized horizon approximately 60 feet down dip where it intersected 6.80 feet assaying 8.52% zinc and 0.54% lead within a 68.5 foot (18.3 m) wide zone that assayed 1.21% zinc and 0.05% lead. True widths in the second hole are believed to be 50% of the intersection widths. Hole JS07-04 collared 230 feet southwest of hole JS07-01 intersected 6.30 feet assaying 5.55% zinc and 3.14% lead within a 54.3 foot (18.3 m) wide zone that assayed 1.63% zinc and 0.47% lead. True widths in hole JS07-04 are believed to be 90% of the intersection widths.
[continued in following link]
http://biz.yahoo.com/ccn/080211/200802110441168001.html?.v=1
Sultan Minerals Confirms Copper Zone at Kena Gold Property, BC
Tuesday January 29, 9:30 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to announce that it has now received encouraging soil geochemical and rock chip sample results from the Kena Copper Zone on its Kena Property, located in southeast British Columbia.
Thirteen contiguous 2-metre rock chip samples taken from a short adit showed a 26-metre zone grading 0.51% copper. The best 2-metre chip sample assayed 1.65% copper and 530 ppb 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 assayed as high as 4.62% copper and 1,033 ppb gold (see table).
The sampling program was carried out in August and September of 2007. Soil samples were taken as a due diligence test within a large (2,500 m by 450 m) copper soil anomaly discovered by previous operators. The soil lines were put in at 200 metre intervals between the historic soil lines which were also spaced 200 metres apart. Rock chip samples were collected from two historic adits located centrally within the Kena Copper Zone. No historical records have been found describing these adits.
[continued in following link]
http://biz.yahoo.com/ccn/080129/200801290438809001.html?.v=1
Sultan Minerals Drills First Hole to 1,800 ft on Kena Gold Property, British Columbia
Thursday December 20, 8:30 am ET
http://biz.yahoo.com/ccn/071220/200712200433234001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to report that the first hole of its current drill program at its 100%-owned, 8,000 hectare Kena Gold Property in British Columbia, has been completed at a depth of 548 metres (1,800 feet). Favorable alteration, locally displaying disseminations of fine free gold, was observed from the top of the hole to a depth of 457 metres (1,500 feet). The drill core is being split and logged to be sent out for "rush" assaying.
The focus of the drill program is to expand the gold resource announced in the NI 43-101 report of June 2004 which recommended a $1.2 million exploration program. Of particular interest to Sultan is a 7.0 kilometre long gold soil anomaly located near the north end of the property. The soil anomaly encompasses the Gold Mountain and Kena Gold Zones, both of which host large porphyry gold deposits.
The objective of this first hole is to explore the depth extension of the Gold Mountain Zone where previous drilling has shown grades of greater than 1.0 g/t gold to extend as deep as 240 metres below surface. Sultan's geologists report that the present hole was collared in the gold bearing Silver King Porphyry and the formation persisted to a depth of 457 metres (1,500 feet). Favorable alteration, locally displaying disseminations of fine free gold, was observed over this entire interval. At a hole depth of 457 metres (1,500 feet) the hole intersected the unmineralized volcanics that form the east wall of the Gold Mountain Zone. The hole was stopped at a depth of 548 metres (1,800 feet).
Sultan's President and CEO, Arthur G. Troup, commented, "We are very excited by the fact that this drill hole persisted in the favourable host rocks for 457 metres. Geological information gathered from this hole suggests that the mineralized zone is steeply dipping to the west where it may extend to much greater depths. The drill casing has been left in the hole and in 2008 Sultan hopes to re-enter the hole with directional drilling equipment to test the western down dip extension of the zone."
The Kena Gold Property is located 60 kilometres northeast of the historic Rossland Mining Camp in southeastern, British Columbia. Rossland was BC's second largest gold camp, with historic production of 3.0 million ounces of gold.
All aspects of the Company's project exploration program are supervised by Linda Dandy, P.Geo., of P&L Geological Services and a Qualified Person under National Instrument 43-101, "Standards of Disclosure for Mineral Projects". The program is being carried out in conjunction with the ongoing drilling program at the nearby Jersey-Emerald molybdenum, tungsten and lead-zinc property.
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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
Contact:
Marc Lee
Sultan Minerals Inc.
Investor & Corporate Communications
(604) 687-4622
(604) 687-4212 (FAX)
Email: mlee@sultanminerals.com or info@sultanminerals.com
Website: http://www.sultanminerals.com
Catarina Cerqueira
CHF Investor Relations
Associate Account Manager
(416) 868-1079, Ext. 251
Email: catarina@chfir.com
------------------------------------------------------------------------------
Source: Sultan Minerals Inc.
Minor Metals
By Jack Lifton
15 Nov 2007 at 03:23 PM GMT-05:00
http://www.resourceinvestor.com/pebble.asp?relid=37893
Is It Molybdenum Supply or Demand in the News?
By Jack Lifton
01 Nov 2007 at 01:38 PM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=37367
DETROIT (ResourceInvestor.com) -- There seems to be a definite pattern, among financial analysts who study commodity natural resources, in the way they organize and look at the data; the pattern manifests itself as a tendency to emphasize supply or demand but not both, in the same analysis, as a key driver of price. Molybdenum is rapidly becoming a resource of interest to financial analysts who normally follow and report on only exchange traded metals, but their habit of preferring to concentrate on either supply or demand to the exclusion of the other continues. Excuse the pun but this segregated approach seems to me to be fundamentally flawed.
An easy response to my comment above would be to say that it is trivial; that an analysis of the supply situation of a natural resource must be focused on its prospectors, developers and primary producers (e.g., miners or oil, coal or gas producers) for the purpose of giving advice to those who invest in the shares of companies that do some or all of those things.
The same responder will say that it is only end-users who create and thus care about the cumulative demand for a natural resource, and analysts who follow such end-users rarely make recommendations to buy, hold or sell based on how the end-user manages his interactions with the raw material supply market.
I would say to this responder that he has now completely identified the problem; he knows what analysts do. The problem is that their myopic approach is the problem. They need to look at what determines how demand modifies supply, because it is not a simple inverse relationship.
American B-schools teach that the most important factor affected by inventories at a manufacturing company is return on investment (ROI). Since this ROI is a key figure used by financial analysts in making their recommendations to investors it has become the norm for American heavy manufacturing companies to focus on having no inventory of raw materials, and to shift the burden of doing so to suppliers who are required to deliver their products just-in-time. We are told that our manufacturers learned this behaviour from the Japanese who developed this strategy while rebuilding their industrial base after World War II. It is often overlooked that this strategy was developed in a capital poor, resource poor environment and that from the very beginning the Japanese did not apply this strategy to raw materials.
I have discussed on RI before the idea that end-users would like there to be an exchange traded molybdenum contract so that they could manage the risk of price volatility of molybdenum. Producers say they would also like there to be such a contract but they mean this only for the single purpose of raising capital for development or expansion through predictable pricing, because, in fact, the existence of such a contract (market) would mean that there would need to be warehouse stocks the volumes of which were openly known. This transparency would make it difficult for a producer or a speculator to squeeze the market through a shutdown caused by an ‘accident’ or a strike or by accumulating material secretly and withholding it from the market causing a ‘supply deficit.’ I say difficult, not impossible, but in any case more difficult than such behaviours are today.
The social cultures of resource poor Japan and Korea as well as that of resource, not-so-poor yet not rich, China have it in common that they value planning for the long term and all believe strongly that the government, whatever its social or economic form, has a duty to absorb some of the financial risks involved in operating even a privately owned industrial business venture, because all three nations believe strongly that the maintenance of high employment is more important than allowing the operations of a free market to affect employment adversely.
American politicians who are populists, no matter what their party label, pander to the same instinct in our society, but our economic system is not as receptive to saving and long term planning as those of Asia.
All three Asian economies mentioned have companies which are lionized by the American business press as role models for free market capitalists to emulate, but which in fact have government support and underpinning as well as underwriting for some of their most basic needs such as the maintaining of a stockpile of strategic and critical natural resources so that an accident or a market squeeze, natural or human engineered, cannot shut an industry down.
The one commodity that the Asian economies do not have in abundance is technical innovation in mining, smelting, and refining; they are late to this game in which America is the world leader. The best mining schools in the world are in places with names that include Colorado, Arizona, Montana and Michigan. American companies that try to outsource mining engineering jobs from Asia most often find, to their chagrin, that the applicants have come here first for education and training before returning to Mumbai, Shanghai, Seoul, and Tokyo.
If you just look at the most current U.S. Geological Survey (USGS) monthly report on molybdenum you will find some very interesting numbers. The U.S. produced 60,000 tonnes of molybdenum from domestic mining operations in 2006. Seventy five percent of the molybdenum used in this country in 2006 went into the production of specialty steels. The U.S. produced 80 million tonnes of steel in 2006. China in 2006 produced 40,000 tonnes of molybdenum from domestic mines, and it produced more than 400 million tonnes of steel.
Therefore, America used more molybdenum to produce specialty steels than China produced molybdenum in total in 2006. Its good to know that the country in which ‘stainless’ steel and high strength steels were invented, stainless steel as recently as 1919, is still leading the world in the production and the utilization for innovative purposes of the most technologically advanced steels. A great number of those innovations, moreover, are based on properties developed through the study molybdenum alloying chemistry and metallurgy.
For example, America domestically is building more pipelines for the transmission of oil and gas than any other single country on earth. True some of these pipelines originate in Canada, or Mexico, or even farther out, but I am counting them as American if they terminate in the U.S. and are financed by American companies. These pipelines are dependent for meeting their technical specifications for transporting, at a wide range of temperatures, more and more corrosive grades of oil and gas on the properties of molybdenum as an alloying element in steel, specialty welding alloys, and on molybdenum compounds used as corrosion and heat resistant lubricants.
Molybdenum alloy steels have been developed and are now also being used to retrofit America’s electric power plants which use steam or gas driven turbines, particularly nuclear plants, to resist corrosion and ‘creep,’ the permanent deformation of metal components under long term high temperature operations, as well as to resist corrosion and cracking in cooling systems which must be treated to resist microbial growth or salt water. Significantly advances in molybdenum alloying of steel have also improved, and in some cases even made possible, the use of exotic, much more efficient, coolants such as molten lead or molten salts for the design of future power plants running at efficiency-producing higher temperatures.
Flying under almost all analysts’ radars is the fact that the design of the storage vessels for nuclear waste which will be needed ultimately for presently existing waste to be placed in the national repository at Yucca Flats, Nevada, which is now scheduled to be opened, in 2017, calls for around 17,000 tonnes of molybdenum.
Now, multiply the above mostly future demand for molybdenum, for pipelines around the world; for retrofitting power plants around the world; and for storing nuclear waste from nuclear plants around the world by a factor of as much as five, because, just as an example, the new 20,000 miles of pipeline construction in the U.S., using at least one ton of molybdenum per mile, is only 20% of the world’s currently planned pipeline construction and you get what could be literally and insatiable demand for molybdenum for the foreseeable future.
Did I mention that the rapidly increasing focus on deep sea drilling for oil requires molybdenum alloy steel for the pipes, the pumps, the drill bits, and the construction of both the drilling and the permanent deep sea platform?
I got the above information about molybdenum demand drivers and much more from a comprehensive study called “Expanded Uses of Molybdenum in the Energy Industry,” which is posted on and downloadable from the website of the Thompson Creek Mining Company. This is the single best narrowly focused yet detailed study of a metal’s demand that I have ever read. The author, Mr. Denis Battrum, was a purchasing manager for a very large privately owned commodity company and then for a large privately owned steel specialty producer before he became a market research provider. I don’t know Mr. Battrum, but I can tell you that he knows more about molybdenum’s end uses in the energy sector of the global economy than any person with a purchasing background in heavy industry who I have ever met, with one exception.
This brings me now to another recent molybdenum report by financial analysts. This one, which bills itself as a molybdenum market study, is entitled “The Sustainablilty of Recent Molybdenum Prices.” I was only able to obtain a four page “Molybdenum Report Summary” from its issuing entity, CPM Group which, its letterhead describes as a “Commodities Research, Consulting, Asset Management & Investment Banking” concern. I was not able to obtain a copy of the full report, because that is for purchase only, and is $35,000.00 a copy, which, to be fair, is not a great deal as reports by financial analysts based in New York City go.
The summary I received contains some ambiguous statements where certainty, which is available easily, would have made the conclusions much stronger. It says, for example, that “the majority, historically, roughly 60%, of the world’s molybdenum supplies come from copper deposits…where molybdenum is produced as a copper byproduct.” It at least does not add that Chinese deposits are almost all contained in primary molybdenum mines or that remaining global reserves of molybdenum are nearly 75% contained in primary copper deposits.
The report also contains some (mining engineering wise) statements, such as “This type of specialty mining, exploiting higher grades and higher prices, is not sustainable throughout the life of a mine.” It seems to me that outside of New York City, it is well known that high-grading is not sustainable, and there is in fact a, yet to be seen, serious discussion of high-grading to be had when discussing molybdenum recovery as a byproduct of copper mining as opposed to discussing the issue with regard to primary molybdenum mining.
The summary of the CPM Group report has a demand outlook section that begins one paragraph with the sentence “Steel is a malleable alloy of iron and carbon.” Really? I was sure until I read that sentence that malleability was not a property of steel at ordinary temperatures. I’m still sure that I’m right, and as in giving credence to testimony in a court of law it is the credibility of the summary that has been put into question for me by ambiguous and just plain wrong statements. I can’t resist one more example. The CPM Report summary starts a paragraph in the “Other Molybdenum Applications” section with a sentence, the first clause of which is, “A superalloy is an alloy that has high temperature qualities....” The writer should be saying that, “A superalloy is an alloy that has high temperature strength.”
I do agree with the conclusion of CPM group as stated in the summary that the price of molybdenum “[will] remain strong over the next ten years, above previous historical averages.” But I sure hope that the ‘facts’ and conclusions cited in the summary are not the only basis upon which CPM Group reached that conclusion.
I’ve reached my own conclusions from everything that I have learned through my education, work experience and ongoing study of metals and their markets during my business life over the last 45 years. I must say that this includes many articles I have read on Resource Investor and many presentations I have heard such as the one by Mr. Ivan Herring at the last IIC Hard Assets Conference in Las Vegas.
American technological innovation is our single most valuable metallurgical resource. We know more about mining, smelting, refining and fabricating metals than any other industrial society on earth.
Some of our narrowly focused financially inept businessmen and politicians value our innovation at zero and try to give it away to buy a short time cycle competitive advantage in low labour costs from a a technology starved, yet, apparently unknown to these same ‘businessmen,’ very hungry country such as China, which will agree to any terms at first just to get the technology, which is their totalitarian government’s primary interest in allowing their ‘businessmen’ to do ‘business’ with us.
So far, interestingly enough for molybdenum mavens, China has been unsuccessful in gaining, for example, America’s best-in-class deep sea oil drilling and oil recovery technology. CNOOC, the state owned Chinese national oil company, tried to buy Occidental Petroleum last year mainly to get its deep-sea drilling technology, but also to get Molycorp’s primary molybdenum mining properties in the American southwest. The Chinese knew what American financial analysts do not that molybdenum is essential to the future of deep sea drilling, which is the last great frontier for as yet undiscovered reserves of petroleum.
If just some of the uses detailed in the demand report cited above come into being and supply grows even by all of the projections , which I have seen and which total about 65,000 mt of new and additional molybdenum production by 2012 then the price of molybdenum could go through the roof in the next decade to the point where ores and processes that are marginal today could come into production even with current technology, notwithstanding the hope that innovations may occur that will make even lower grade ores, than are considered today ,become economical.
We are entering into a great era for North American molybdenum mining if only we can overcome mindless environmental activism, and we can convince the U.S. government, private industry and Wall Street that a strategic reserve of molybdenum needs to be created and underwritten by Federal guarantees but managed by private industry because its turnover will need to be ready at a moment’s notice to dampen adverse market conditions, and speed is not a property of democratic institutions. There is no other way to stop jobs and technology from being sold out to countries that have hard currencies based on productive natural resources such as the U.S. dollar was and could be again.
Sultan Minerals Project Update, Jersey-Emerald Property, British Columbia, Canada
Monday October 29, 8:30 am ET
http://biz.yahoo.com/ccn/071029/200710290421649001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to provide an update on its activities at its 100% owned Jersey-Emerald project in southeastern BC, Canada. Sultan is aggressively pursuing a number of activities on the property in order to expedite the re-opening of the historic tungsten and lead-zinc mines, which were formerly owned and operated by Placer Dome.
The 2007 work program budgeted for $2,000,000 is underway on the Jersey-Emerald property and includes the following:
1. 40,000 feet of surface and underground diamond drilling to test the East Emerald Tungsten Zone, the East Dodger Tungsten Zone and the Dodger Molybdenum Zone. Diamond drilling and surface trenching are also testing extensions to the historic Jersey lead-zinc deposit.
2. A preliminary scoping study to determine the economic parameters for a mining plan to develop the existing tungsten resource was successfully completed in May (see Press Release of May 23, 2007).
3. Metallurgical testing of tungsten and molybdenum ore composites.
4. Researching historic mine records, and entering historic diamond drill logs and assays into a digital mine model.
5. Undertaking an environmental baseline study in order to expedite future development plans.
6. Underground surveying of the historic Jersey lead-zinc workings in preparation for an evaluation of the remaining drilled out lead-zinc resource.
7. Rehabilitating underground workings in preparation for a winter underground drill program.
Diamond drilling is currently continuing on the property and 61 drill holes, 19 underground and 42 surface holes, have now been completed in the Company's planned 2007, 40,000 ft, drill program. Assays have been received and reported for the initial 19 underground holes which investigated the East Dodger tungsten and molybdenum zones (refer to Press Release of June 6, 2007 and July 18, 2007). The surface drill program has targeted extension to the Jersey lead-zinc deposit (refer to Press Release of September 24, 2007), the East Emerald Tungsten Zone, and the Dodger Tungsten Zone. Samples from the initial six holes from this round of surface drilling were shipped to Acme Labs Ltd in mid-September and assays are anticipated shortly.
Drill logs and assays for an additional 200 drill holes in the Emerald Tungsten Deposit have been entered into the digital data base for the mine in the ongoing compilation of the historic mine records. This completes the drill hole data base for this historic mine and will allow the company to complete a resource evaluation for this deposit.
Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the ongoing diamond drilling programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, B.C., is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects". Standard sampling procedures are used whereby drill core is split with a core splitter and half of the core sent by trucking company directly to Acme Labs Ltd in Vancouver for assay by standard analytical procedures. The remaining half of the core is stored in the Company's core storage facility in Salmo, BC. All sample preparation was done at the laboratory by Acme staff. Checks are being run on 5% of the samples at Becqueral Laboratories in Mississauga, Ontario for tungsten and Assayers Canada in Vancouver, BC for other elements.
For further information on the Company's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological, President and CEO
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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.
Contact:
Marc Lee
Sultan Minerals Inc.
Investor & Corporate Communications
(604) 687-4622 or Toll Free: 1-888-267-1400
(604) 687-4212 (FAX)
Email: mlee@sultanminerals.com or info@sultanminerals.com
Website: www.sultanminerals.com
Catarina Cerqueira
CHF Investor Relations
Associate Account Manager
(416) 868-1079, Ext. 251
Email: catarina@chfir.com
--------------------------------------------------------------------------------
Source: Sultan Minerals Inc.
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
59
|
Created
|
07/07/02
|
Type
|
Free
|
Moderators |
Sultan Minerals Inc.
Sultan Minerals Inc. is a gold, silver and base metals exploration company with a portfolio of mineral properties. Sultan Minerals' 2007 exploration program will focus on expanding the Molybdenum and Tungsten resource on its Jersey Emerald Historical Mine, located in southeastern British Columbia. Sultan Minerals will also focus on a scoping study to reopen what was formerly Canada's second largest tungsten mine as well as conduct a resource calculation for the lead zinc which was also mined at Jersey Emerald. A drill program has also been outlined for the Kena Gold Property in British Columbia to expand the Gold resources.
Incorporated in 1989, Sultan's business strategy is to maximize shareholder value through the acquisition of quality base and precious metal properties that have undiscovered resource potential. The Company believes success is achievable by careful and planned management of its projects by a strong exploration team who have extensive experience in the mining industry.
Sultan Minerals Inc. trades on the TSX Venture Exchange under the symbol SUL, and is a member of the Lang Mining Group.
WEB SITE
http://www.sultanminerals.com/s/Home.asp
CHARTS
Start thinking about oil and it’s in everything you see, taste, and hear. It was oil in the form of a passenger jet that had brought me to Atlanta and oil in the form of chips and guacamole that I’d eaten in the hotel bar before wandering outside to take in a view of oil and more oil: a sluggish stream of SUVs and dark sedans slipping past the theater marquee, the dialysis center storefront, and the emptying parking lot while the sunlight drained down the glass facades of downtown office towers. The sight was the same wherever I looked 87 million barrels a day keeping the global economy afloat. And when I went back inside the Renaissance Atlanta Hotel and rode the escalator up to the Georgia Ballroom East, shortly to host a talk on the nice idea of “energy security,” it occurred to me that even the weirdly placeless style of American hotel decor might be an artifact of the age of cheap oil because what could be meant by these flesh colored, maroon, and forest green carpets that all American hotel chains seem to prefer unless a suggestion that one place is the same as another and mobility conquers all?
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |