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Sultan Minerals Identifies High Priority Geophysical Target on its Kena Gold-Copper Property, BC

^{Published on 2009-11-19 06:18:33 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2009) - Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) ("Sultan") is pleased to announce that a recently completed induced polarization (IP) geophysical survey on its Kena Gold-Copper Property has identified a new, high priority geophysical target. The new geophysical anomaly has been defined over a one-kilometre long strike length, coincident with a zone of elevated copper soil values on the Kena Property located near Ymir, in southeastern British Columbia.

The geophysical survey was carried out to define drill targets over the Kena Copper and South Gold zones highlighted in a report by Dr. Jim Oliver, P.Geo., released September 9, 2009. The Oliver report states: "The area lying to the southeast of the Kena Copper Zone represents one of the highest priority target areas within the Kena claim block and is itself a superb stand-alone exploration target."

The new, priority geophysical target was identified by modeled IP results from five 2- kilometre long lines run over the Oliver target area. The five 200-metre spaced lines showed a moderately intense, north trending chargeability feature coincident with the zone of elevated copper soil values on all lines. The anomaly remains open to the north and to the east.

Further to the west the results show a much stronger, similarly trending, chargeability anomaly coincident with a linear magnetic low with little or no copper reported in the soils. This feature is related to pyrite in altered rocks that flank the copper zone on the west and the South Gold Zone on the east, and may host gold. Historic drill hole K90-4 drilled in the centre of this anomaly intersected a 57-metre wide zone assaying 0.175g/t gold and 0.27% copper.

Mr. Arthur G. Troup, President and CEO, said, "This is a significant new discovery with excellent size potential. The copper and gold concentrations of the anomaly are yet to be determined but if they are economic, this target has potential to add considerable value to the existing gold resource on our Kena Property."

Additional IP surveys are recommended to fully define the eastern margins and north extent of the anomaly. Compilation of new IP data with all previous geological, geophysical and diamond drill results will be completed to generate targets to be tested by diamond drilling.

Perry Grunenberg, P.Geo., of PBG Geoscience managed the recent exploration program and is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects".

For further information on Sultan's projects, visit [ www.sultanminerals.com ].

Arthur G. Troup, P.Eng., Geological, President and CEO

To view accompanying map, please click on the following link: [ http://www.sultanminerals.com/i/misc/sultnov19.png ].

This release was prepared by Sultan's management. 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 Sultan expects are forward-looking statements. Although Sultan 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 Sultan, investors should review Sultan's filings that are available at [ www.sedar.com ] or Sultan's website at [ www.sultanminerals.com ].

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.