Sultan Minerals Inc.
TSX VENTURE : SUL

Sultan Minerals Inc.

November 21, 2005 09:30 ET

Sultan Minerals Resumes Drilling on its Jersey-Molybdenum Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 21, 2005) - Sultan Minerals Inc. (TSX VENTURE:SUL) ("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 for lateral extensions of the molybdenum mineralization intersected in the initial 12 underground drill holes in the East Dodger Mine workings. Molybdenum mineralization was intersected in all 12 drill holes and is comprised of a network of high-grade molybdenite bearing quartz veins that form a broad low grade stockwork hosted within a granite intrusive body. The results of holes 1 through 12 are summarized in the following table:



---------------------------------------------------------------------
Drill Grid Grid Azmth/ Length From To Width MoS2
Hole# North East Dip. ------------------------------ %
(Feet)
---------------------------------------------------------------------
JM05-01 6603 8711 070/-35 498.00 342.50 461.00 119.00 0.05
---------------------------------------------------------------------
JM05-02 6977 8781 067/-37 196.00 4.00 196.00 192.00 0.22
---------------------------------------------------------------------
Including 186.00 189.70 3.70 5.19
---------------------------------------------------------------------
JM05-03 6976 8777 067/-25 600.00 0.00 495.00 495.00 0.11
---------------------------------------------------------------------
Including 200.00 215.00 15.00 1.30
---------------------------------------------------------------------
JM05-04 6979 8777 067/+05 270.00 65.00 152.00 87.00 0.06
---------------------------------------------------------------------
Including 97.00 103.50 6.50 0.36
---------------------------------------------------------------------
JM05-05 6992 8778 045/-20 438.00 0.00 438.00 438.00 0.05
---------------------------------------------------------------------
Including 29.00 166.00 137.00 0.13
---------------------------------------------------------------------
JM05-06 6992 8778 045/+05 325.00 2.00 115.00 113.00 0.08
---------------------------------------------------------------------
Including 22.00 26.00 4.00 1.03
---------------------------------------------------------------------
JM05-07 7126 8798 045/-20 414.00 79.00 146.50 67.50 0.02
---------------------------------------------------------------------
JM05-08 7350 8823 045/-20 395.00 0.00 149.00 149.00 0.03
---------------------------------------------------------------------
Including 35.00 41.00 6.00 0.31
---------------------------------------------------------------------
JM05-09 7350 8823 045/-35 476.00 37.50 377.00 339.5 0.03
---------------------------------------------------------------------
JM05-10 7332 8806 225/0 186.00 10.00 133.00 123.00 0.06
---------------------------------------------------------------------
Including 32.50 35.50 3.00 1.01
---------------------------------------------------------------------
JM05-11 6815 8742 045/-30 408.00 0.00 413.00 413.00 0.03
---------------------------------------------------------------------
Including 216.00 335.00 119.00 0.06
---------------------------------------------------------------------
JM05-12 6815 8742 045/-45 537.00 194.00 357.00 163.00 0.04
---------------------------------------------------------------------
Including 344.00 357.00 13.00 0.21
---------------------------------------------------------------------


The surface drill program is following up targets that have been generated by researching drill logs from the historic mine data-base. Many of the historic drill holes that tested the former tungsten workings intersected the underlying granite body that is host to the molybdenum mineralization. These records report 415 instances where molybdenum mineralization was observed to occur both within and adjacent to the favourable granite host. A significant number of these intersections occur clustered beneath the Feeney and Dodger 4400 tungsten deposits. In most instances, the molybdenum occurrences were not assayed but 7 occurrences in 5 holes were assayed and reported in the drill logs for the Dodger 4400 Mine. These assays are given in the following table:



---------------------------------------------------------------------
Drill Grid Grid From To Width
Hole# North East feet feet feet Mo % MoS2 %
---------------------------------------------------------------------
D-7 9513 9346 186.00 187.00 1.00 0.26 0.43
---------------------------------------------------------------------
and 212.50 213.20 0.70 0.20 0.33
---------------------------------------------------------------------
DU-17 9459 9322 72.20 79.50 2.30 0.14 0.23
---------------------------------------------------------------------
DU-19 9595 9405 131.70 143.30 11.60 0.12 0.20
---------------------------------------------------------------------
DU-27 9413 9303 17.50 20.7 3.20 0.11 0.19
---------------------------------------------------------------------
Including 17.50 18.00 0.50 0.50 0.83
---------------------------------------------------------------------
D-86 9100 9915 453.60 459.00 5.40 0.25 0.42
---------------------------------------------------------------------
and 491.00 495.80 4.80 0.11 0.18
---------------------------------------------------------------------

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 computed from the Mo assays shown in column
7.


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 core samples taken by Sultan Minerals Inc. during the recent exploration of the East Dodger mine workings have confirmed the former Placer Dome assays in that area suggesting that the above quoted molybdenum assays are sufficiently encouraging to warrant follow-up.

The Dodger 4400 Mine is located 2,000 feet (600 m) north of the East Dodger Mine area where Sultan has focused its previous exploration drilling. The recognition that significant molybdenum mineralization may extend from the East Dodger Mine into the Dodger 4400 workings expands the dimensions of the molybdenum target area by three times to more than 3,000 feet (900 m) north south and by 3,000 feet (900 m) east west.

Sultan's initial surface drill hole is underway at the Feeney Mine where it is investigating reported molybdenum mineralization in both the Feeney Mine and the Invincible Decline. This hole will test the west margin of the underlying granite body that is host to the molybdenum mineralization. The hole is located 3,000 feet (900 m) to the northwest of the previous 12 underground holes, which tested the eastern margin of the host granite body in the East Dodger Mine area. On completion of drilling in the Feeney area, the drill will move to the Dodger 4400 Mine area where a surface hole will be drilled beneath the former tungsten workings.

Mr. Ed Lawrence, P.Eng., is managing the underground exploration 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".

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

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.

Contact Information