Sultan Minerals Inc.
TSX VENTURE : SUL

Sultan Minerals Inc.

May 31, 2005 19:07 ET

Sultan Minerals Commences Underground Drill Program on the Jersey Molybdenum & Tungsten Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2005) - Sultan Minerals Inc. (TSX VENTURE:SUL) ("Sultan") is pleased to report that a 250-metre diamond drill contract has been signed with Aggressive Diamond Drilling Ltd. of Kelowna, B.C. for the Company's Jersey-Emerald Molybdenum Property, located near Salmo in southeastern British Columbia, Canada.

As noted in prior news releases, mine records report that during the development of the East Dodger mine in the 1970s, molybdenum mineralization was discovered both in development work and also in diamond drill core. The best exposure of this mineralization is in the Dodger 4200 Drift North (Dodger 42DrN). Mapping of this drift revealed molybdenite in a stockwork of east-west and north-south trending quartz veins for the entire distance that the drift was in intrusive; about 330 metres. In 1995, a 57 metre long channel sample taken along an East Dodger development drift was found to carry 0.05% Mo, with a 12.1 metre section running 0.11% Mo. Molybdenum mineralization was also found in diamond drill core in the same area. One remarkable drill core sample ran 4.44% Mo over a 4.0 metre core length, including a section of 20.8% Mo over 0.8 metres. Another intersection in the same general area ran 0.71% Mo over a 2.1 metre core length, and another ran 0.60% Mo over a 2.2 meter length. The extent of the zone is unknown, but a similar stockwork of vertical molybdenite bearing quartz veins was encountered within an intrusive body seen in the main Invincible Mine haulage decline located about 700 metres along strike to the west. (Readers are cautioned that the molybdenum assays from Placer Dome's work, quoted in this release, are historical in nature and were compiled before the implementation of NI 43-101 reporting standards. The samples taken by Sultan Minerals Inc. during more recent exploration of the mine workings confirm the presence of important molybdenum concentrations sufficient to encourage exploration for economic deposits of molybdenite.)

The current program involves drilling two underground NQ diamond drill holes in the East Dodger Tungsten Mine to intersect the intrusive body that exists beneath the tungsten ore deposits. The drill holes are expected to provide important geological information on the strike dip and width of the molybdenum bearing stockwork exposed in the underground tungsten workings. (Please refer to News Releases of March 2, 2005, April 18, 2005 and May 27, 2005.) Results from the drilling program are expected to be available in 6 to 8 weeks.

In conjunction with this preliminary drill program, Sultan is modelling the historic information available from the tungsten and lead-zinc mining operations. This geological information will be used in planning a more extensive exploration drill program during the summer of 2005.

With spot molybdenum at US$38.50/lb and tungsten at US$17.50/lb, management is very enthusiastic about the prospects for this property.

Arthur G. Troup, P.Eng., Geological, President and CEO

SEC 12g3-2(b): 82-4741


No regulatory authority has approved or disapproved the information contained in this news release.

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