Sultan Minerals Inc.

Sultan Minerals Inc.

January 25, 2006 09:30 ET

Sultan Minerals Intersects Molybdenum in 3,000-Foot Step-Out, Jersey-Emerald Property, BC

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 25, 2006) - Sultan Minerals Inc. (TSX VENTURE:SUL) is pleased to announce that step-out diamond drilling has demonstrated that stockwork molybdenum mineralization is widespread and may have open pit potential on its Jersey-Emerald Molybdenum Property in the Salmo area of British Columbia.

Surface diamond drill hole DS05-01 was collared 3,300 feet (1,000 metres) northeast of the underground discovery hole-2 (JM05-02). The surface hole intersected molybdenum stockwork mineralization at a hole-depth of 350 feet and the mineralization persisted to the end of the hole at a depth of 1,032 feet. The entire 682-foot section averaged 0.03% MoS2, including a 105 foot section from 350 feet to 455 feet that assayed 0.10% MoS2. Within this interval the highest grade section carried 1.14% MoS2 over a core length of 4.0 feet.

Hole DS05-01 was drilled to the south at a dip of -15 degrees. The hole passed beneath the Dodger 4400 tungsten deposit and intersected the molybdenum mineralization at a vertical depth of 200 feet (66 metres). The shallow depth of this intersection suggests that the mineralization may be accessible from surface by open pit mining methods. Additional surface drilling is now required to investigate the open pit potential of this mineralization.

Assays for the hole are tabled below:


Length From To Width
Drill Grid Grid Azmth/ ----------------------------- Mo MoS2
Hole# North East Dip (Feet) % %
DS05-01 10,150 9,425 195/ 1032.00 350.00 1032.00 682.00 0.019 0.03
Including 350.00 455.00 105.00 0.060 0.10
Including 350.00 355.00 5.00 0.115 0.19
Including 375.00 379.00 4.00 0.680 1.14
Including 402.00 406.00 4.00 0.373 0.62
Including 451.00 455.00 4.00 0.270 0.45
and 686.00 690.00 4.00 0.131 0.22
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 4,600 drill hole database.
Note 2: MoS2 grades are calculated from the Mo assays shown in
column 9.

A second reconnaissance step out hole was drilled to the west of the Feeney tungsten mine approximately 3,300 feet (1,000 metres) southwest of hole DS05-01. The hole was stopped at a depth of 400 feet without intersecting mineralization. Weak alteration seen near the bottom of the hole suggests the hole may have been close to the west margin of the molybdenum stockwork which historic mine records report is exposed in the Feeney Mine workings and the Invincible decline. Additional drilling is planned for the Feeney and Invincible areas.

Sultan is extremely pleased with the results of this first phase of surface diamond drilling on the Jersey-Emerald Property. The molybdenum mineralization has now been shown to extend 3,200 feet north-south, 400 feet east-west and remains open in all directions. The results have advanced understanding of the deposit and have opened up the possibility that the north end of the deposit may be accessible to low-cost open pit mining. Additional drilling is needed to fully delineate the molybdenum mineralization intersected in surface hole DS05-01 and to investigate its relationship to the underground mineralization seen in the East Dodger area, 3,300 feet to the south.

Assays are pending for 8 additional underground drill holes (holes JM05-13 through 20) completed in the East Dodger area. These results are expected within the next two weeks and will be released as they are received.

Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the exploration drill program. Perry Grunenberg, P.Geo., of P&L Geological Services of Lac Le Jeune, BC, is the Company's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, "Standards of Disclosure for Mineral Projects".

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.

Contact Information