Sultan Minerals Inc.
TSX VENTURE : SUL
FRANKFURT : RZN

Sultan Minerals Inc.

March 13, 2008 08:30 ET

Sultan Minerals Intersects Lead-Zinc and Gold at Its Jersey-Emerald Molybdenum-Tungsten Property, BC, Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) ("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:



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DRILL-HOLE GRID GRID AZIMUTH FROM TO WIDTH Zn Pb Ag
NUMBER North East /DIP (feet) (feet) (feet) (%) (%) (g/t)
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JS07-01(i) 9245 9095 000/-90 14.00 74.00 60.00 3.35 0.73 7.50
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Including 31.80 52.40 20.60 5.77 0.99 10.62
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Including 69.00 74.00 5.00 10.53 3.02 36.76
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JS07-02(i) 9245 9105 130/-60 8.00 16.00 0.09 2.03 0.09 1.28
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and 29.70 98.20 0.05 1.32 0.05 0.54
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Including 29.70 32.00 8.87 11.33 8.87 55.55
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and 79.00 98.20 0.22 4.72 0.22 3.48
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Including 91.40 98.20 0.54 8.52 0.54 7.26
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JS07-03(i) 9295 9195 000/-90 No Values
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JS07-04(i) 9052 8961 000/-70 1.50 55.80 54.30 1.63 0.47 2.60
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Including 26.80 55.80 29.00 2.75 0.84 4.59
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Including 49.50 55.80 6.30 5.55 3.14 16.89
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JS07-05 9046 8966 195/-70 3.00 73.00 70.00 1.28 0.14 0.75
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Including 33.00 53.00 20.00 2.66 0.11 1.50
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Including 43.00 53.00 10.00 3.32 0.13 1.89
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and 63.00 73.00 10.00 2.78 0.65 1.59
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JS07-06 8952 8895 282/-55 29.00 37.50 8.50 3.12 0.06 1.37
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JS07-07 8950 8896 000/-90 29.00 54.00 25.00 0.88 0.01 0.28
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Including 29.00 36.70 7.70 1.84 0.01 0.56
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JS07-08 8948 8897 102/-60 9.00 19.00 10.00 1.94 0.87 1.37
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and 49.00 109.00 60.00 1.33 0.04 0.62
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Including 49.00 59.00 10.00 2.29 0.06 1.46
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and 169.00 209.00 40.00 3.88 0.29 4.82
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Including 179.00 199.00 20.00 5.22 0.58 8.55
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JS07-09 8948 8897 102/-70 8.00 109.00 101.00 0.70 0.04 0.36
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Including 39.00 59.00 20.00 2.56 0.17 1.29
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Including 49.00 59.00 10.00 3.46 0.29 1.65
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JS07-10 8710 8667 000/-90 19.00 59.00 40.00 0.48 0.03 0.32
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JS07-11 8710 8667 090/-90 8.00 52.00 44.00 0.91 0.02 0.39
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Including 32.00 42.00 10.00 2.62 0.02 0.62
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JS07-12 8642 8572 010/-70 67.00 119.50 52.50 0.89 0.01 0.25
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Including 87.00 97.00 10.00 2.10 0.01 0.28
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JS07-13 8630 8572 090/-90 38.00 118.00 88.00 1.32 0.04 0.95
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Including 78.00 98.00 20.00 2.98 0.06 1.12
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and 78.00 88.00 10.00 3.14 0.04 1.11
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JS07-14 8630 8578 090/-60 57.00 117.00 60.00 1.21 0.01 0.30
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Including 67.00 87.00 20.00 2.77 0.02 0.51
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and 67.00 77.00 10.00 4.09 0.04 0.56
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JS07-15 8460 8510 115/-60 17.00 22.60 5.60 4.74 0.45 2.34
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and 107.00 145.50 38.50 2.74 0.03 0.76
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Including 117.00 135.20 18.20 4.82 0.06 1.21
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Including 117.00 125.70 8.70 7.05 0.06 1.75
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JS07-16 8460 8510 000/-90 16.60 22.50 5.90 2.05 0.62 3.50
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and 118.00 158.50 40.50 3.05 0.03 0.70
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Including 125.30 133.00 7.70 5.63 0.10 2.24
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and 143.00 158.50 15.50 4.57 0.03 0.45
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JS07-17 8385 8369 112/-55 14.00 17.00 3.00 1.71 0.39 3.50
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and 112.00 197.00 85.00 1.46 0.01 0.25
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Including 130.00 168.10 38.10 2.88 0.02 0.43
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Including 162.20 168.10 5.90 7.69 0.01 0.20
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JS07-18 8385 8369 112/-45 12.00 18.00 6.00 2.71 0.39 3.48
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and 146.00 156.00 10.00 1.24 0.01 0.47
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and 171.70 194.00 22.30 1.26 0.01 0.17
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JS07-19 8385 8369 112/-68 No Values
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JS07-20 8592 9425 331/-69 183.00 195.70 12.50 1.56 0.01 0.21
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Including 193.00 195.70 2.70 5.36 0.02 0.53
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JS07-21 8592 9425 314/-69 148.00 168.00 20.00 2.32 0.03 0.63
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Including 158.00 168.00 10.00 4.15 0.03 0.70
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and 223.00 273.00 50.00 1.10 0.14 0.61
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Including 243.00 253.00 10.00 2.36 0.62 1.64
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Note 1: All dimensions and core lengths are recorded in feet in order that
results are compatible with the historic mine grid and the
existing 5,600 drill hole database.
Note 2: Drill hole intersection angles vary from 40 degrees to 85 degrees
suggesting that the true width of these intersections may range
from 60% to 95% of the drill core intersection length.
Note 3: (i) Denotes previously reported drill hole.


The 21 drill holes reported above tested a 200-foot wide perimeter that bounds the historic "G Zone" to the east and west. The G Zone was the northernmost workings in the Jersey Lead-Zinc Mine. The grades intersected in these holes are comparable to the historical grades of the Jersey mine which averaged 2.0% Pb and 3.8% Zn. The holes demonstrate that significant lead-zinc mineralization extends well beyond the limits of the historic mining operation. The attitude and intersection depth of the mineralization suggests that a considerable portion of the western margin of the deposit might be extracted by surface mining methods.

The Jersey-Emerald property is located approximately 30 kilometres east of the community of Trail in southern British Columbia. The property was host to BC's second largest lead-zinc producer and Canada's second largest tungsten mine. The two mines were operated by Placer Dome from 1947 until their closure due to low metal prices in 1973. Previous mining operations were confined to a 5.0 square kilometre area in the centre of the present 93.0 square kilometre property. In the vicinity of the historic mines, deposits of lead-zinc, tungsten and molybdenum occur stacked one above the other on this polymetallic property. Soil geochemical surveys completed by Sultan Minerals have located extensive, wide spread, soil anomalies for zinc, tungsten and molybdenum on the property. Large soil anomalies for zinc occur 3.0 kilometres south and 2.0 kilometres east of the historic mine suggesting there is exceptional lead-zinc exploration potential far beyond the limits of the historic mines.

Sultan is awaiting assays for a further 40 surface drill holes drilled marginal to the historic lead-zinc and tungsten workings during the 2007 drill program. A 3,500-metre underground drill program is presently underway on the East Dodger Molybdenum Zone. In June 2007 underground drill hole JM07-04 intersected 0.10% molybdenum (MoS2) over a core length of 548.0 feet in the East Dodger Zone. The intersection included several higher grade sections that assayed 0.28% MoS2 over 79.9 feet, 0.23% MoS2 over 43.0 feet and 1.81% MoS2 over 9.9 feet.

Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees all on-going diamond drilling programs. 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".

For further information on the Company's projects, visit www.sultanminerals.com.

To view Drill Hole Locations 2007 Drill Program Map, please click on: http://www.sultanminerals.com/i/maps/Drill-Hole-Locations-2007-Drill-Program.jpg

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.

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