Sultan 2013 Exploration Update

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[{"type":"text","content":"\nSultan 2013 Exploration Update\n\n(via Thenewswire.ca)\n\n \nVancouver, BC - April 30, 2013: Sultan Minerals Inc. (TSX-V: SUL; \"Sultan\") is pleased to provide an exploration update for its Kena Gold, Jersey-Emerald Tungsten-Zinc, and Daylight Gold projects in BC, Canada.\n\n \n \nKena Gold Property:\n\n \n \nIn January 2012 Sultan entered into an option agreement with Altair Gold Inc. (\"Altair\") whereby Altair has an option to earn a 60% interest in the Kena Gold-Copper Property for cash and share option payments of $2,000,000 and 2,666,667 Shares over four years and $7,500,000 in Project related exploration expenditures. The 7,600 hectare, road accessible Kena Property is located between the communities of Nelson and Ymir in southeastern British Columbia. \n\n \n \nIn 2012 Altair explored the property with 7,527 metres of diamond drilling in 41 drill holes. An updated resource estimate was completed in April. The new resource estimate using a 0.30g/t gold cut-off shows:\n\n \n \n-25,280,000 tonnes in the Measured + Indicated (M&I) Resource categories, comprising 490,000 contained ounces of gold, plus\n\n \n \n-90,440,000 tonnes of Drill Inferred Resources containing 1,399,000 ounces of gold, representing a 173% increase (see News Release of April 11, 2013). \n\n\n \nAltair Gold Incorporated is planning for an expanded work program on the Kena Property in 2013.\n\n \n \nJersey-Emerald Tungsten-Zinc Property:\n\n \n \nThe 14,000 hectare Jersey-Emerald Tungsten-Zinc Property is located 8 kilometers south of the community of Salmo, in southeastern British Columbia. It consists of two totally separate styles of mineralization: one is tungsten mineralization and the other is zinc. The historic deposits were mined previously by Placer-Dome and Cominco and include Canada's second largest tungsten mine and BC's second and third largest zinc mines.\n\n \n \nSultan has extensively drill tested the deposits, completed three Resource Estimates, a Preliminary Economic Assessment, a Scoping Study, and a baseline Environmental Study. In 2012 Emerald Mining Services of Salmo BC was contracted to complete a project review and prepare a Project Description for environmental permitting purposes. The report which proposes a 2,000 t/day mining operation was completed and submitted to the BC and Canadian Environmental Departments in Februar...

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