BRITISH COLUMBIA — Sultan Minerals of Vancouver has assays from six recent diamond drill holes on its Jersey Emerald property near Salmo, and the grades were among the highest received to date. Hole No.3 returned 1.17% WO3 over 0.76 metres within a 3.96-metre section that averaged 0.76% WO3.
The six new holes were completed on the recently acquired Victory tungsten deposit located approximately 3.5 km north of the historic tungsten mines on the Jersey property. According to Sultan, the high-grade tungsten intercepts verify the presence of a resource reported by previous operators during exploration in the 1960s and 1970s. A zone of high-grade tungsten mineralization, including 72,200 tonnes of 0.54% WO3, (not NI 43-101-compliant) was reported for the historic drilling.
The Jersey-Emerald mine was the largest tungsten producer in British Columbia and second largest in Canada. The mine went into production in 1943 and produced from five deposits until it closed in 1973 due to low tungsten prices. In January 2009 Sultan completed an updated resource estimate showing a remaining measured plus indicated resource of 2.47 million tonnes averaging 0.358% WO3, and an additional inferred resource of 2.10 million tonnes averaging 0.341% WO3 at a 0.15% WO3 cut off.
The Jersey Emerald property was also a past molybdenum producer. Learn more at www.SultanMinerals.com.
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