Sultan Minerals Inc.

Sultan Minerals Inc.

April 05, 2006 09:30 ET

Sultan Minerals Plans Drilling to Expand Resource on Kena Gold-Silver Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 5, 2006) - Sultan Minerals Inc. (TSX VENTURE:SUL) ("Sultan") is pleased to announce that due to the very favourable gold price the company plans to undertake an aggressive exploration drill program on its Kena Gold-Silver Property. The exploration program will attempt to expand the gold resource announced in the NI 43-101 report of June 2004. The work program will be run in conjunction with the ongoing drilling program at the Jersey-Emerald Molybdenum-Tungsten Property.

The Kena Gold-Silver Property is located 15 kilometre northwest of the historic Ymir gold camp in south-eastern British Columbia. The mineralization is hosted in Rossland Group volcanics and lies 60 kilometre northeast of the historic Rossland Mining Camp, BC's second largest gold camp, which produced 3.0 million ounces of gold.

The 8,000 hectare Kena Property encompasses the Gold Mountain and Kena Gold Zones, both of which host porphyry gold deposits. The property also hosts the historic, high-grade Silver King silver mine and the Kena Copper Zone, a large copper porphyry target. On the property marginal to the large porphyry systems, there are several smaller, high-grade, gold-veins with historic gold production from the late 1800's and early 1900's.

Of particular interest to Sultan is a 7.0 kilometre long gold soil anomaly located near the north end of the property. This gold enriched zone was discovered in 1886 by the Geological Survey of Canada when it was described as a low grade gold deposit with almost unlimited gold potential. The zone hosts both the Kena Gold and Gold Mountain Zones.

Gold Mountain and Kena Gold Zones

On June 7, 2004, Sultan filed preliminary resource estimates in a NI 43-101 compliant technical report prepared by consultants Linda Dandy, P.Geo. and Gary Giroux, P.Eng. The report shows that by using a 0.3 g/T cut-off grade for gold, the Gold Mountain and Kena Gold 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 (see News Release of June 7, 2004). The study shows that the resource has potential for expansion with additional diamond drilling.

Drilling on the Gold Mountain Zone has shown that the deposit is bi-modal containing both bulk tonnage porphyry style gold mineralization and narrower, very high-grade gold shoots. Bulk tonnage mineralization is typified by drill holes 01GM-1 which assayed 1.16 g/T gold across 106.0 metres, 01GM-3 which assayed 1.87 g/T gold (cut) across 116.0 metres, 01GM-5 which assayed 1.14 g/T gold across 130.0 metres and 01GM-8 which assayed 1.15 g/T gold (cut) across 160.0 metres. Examples of the very high-grade gold shoots are seen in hole 01GM-03 where a 1.23 metre interval assayed 240.07 g/T gold and hole 01GM-08 where a 2.0 metre interval assayed 172.10 g/T gold.

Sultan's consultant, P&L Geological Services, suggests that a $1.2 million exploration program, recommended in the 2004 technical report, should now be implemented. This program is designed to expand the resource on the Kena and Gold Mountain Zones and to upgrade areas of inferred resources into the measured and indicated categories.

Silver King Mine

An exploration program of trenching and diamond drilling is recommended for the recently discovered extension of the historic high-grade silver-copper mineralization at the Silver King Mine located 1,500 metres southwest of the Kena Gold Zone.

In December, a program of excavator trenching was carried out over this new discovery. The highlight of the trenching program was Trench 1. Trench 1 cut a 16 metre wide zone of disseminated mineralization that assayed 0.69% copper and 188.6 g/T (5.50 oz/ton) silver. The trench ended in mineralization and included a 3.0-metre wide section that assayed 1.19% copper and 593.0 g/T (17.30 oz/ton) silver.

Sultan's consulting geologists recommend that additional trenching and diamond drill testing be carried out to determine the dimensions and grade of the disseminated mineralization which remains open in all directions.

South Gold Zone and Kena Copper Zone

Two adjacent mineralized areas, referred to as the South Gold Zone and the Kena Copper Zone, lie approximately 2 kilometre south of the Kena Gold Zone. The Kena Copper Zone is overlain by a prominent 2.5 kilometre long copper soil geochemical anomaly. Adjacent, to the west, is a 1.2 kilometre long gold soil geochemical anomaly overlying the South Gold Zone. The south end of the copper soil anomaly overlaps with the south end of the gold soil anomaly. No prior trenching or drilling has been undertaken in the area of the overlapping gold and copper soil anomalies and follow up exploration work is now recommended.

Linda Dandy, P.Geo., of P&L Geological Services is the Company's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, "Standards of Disclosure for Mineral Projects".

For further information on the Company's projects, visit

Arthur G. Troup, P.Eng., President

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

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

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