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Sultan Minerals Announces Commencement of Drill Program at the Kena Gold-Copper Property, British Columbia, Canada
(via Thenewswire.ca) July 19, 2012, Vancouver, BC - Sultan Minerals Inc. (SUL-TSX-V) ("Sult...
About this update from Apex Resources Inc.
[{"type":"text","content":"\nSultan Minerals Announces Commencement of Drill Program at the Kena Gold-Copper Property, British Columbia, Canada\n\n(via Thenewswire.ca)\n\n \nJuly 19, 2012, Vancouver, BC - Sultan Minerals Inc. (SUL-TSX-V) (\"Sultan\") is pleased to announce that Sultan's Joint Venture partner, Altair Ventures Inc. (\"Altair\"), has commenced drilling on the Kena Gold-Copper Property, located in southeastern British Columbia. The diamond drilling program is an integral part of 2012 exploration work that includes on-going surface sampling, airborne surveying and data compilation work designed to expand the gold resources on the property, as well as to test several regional targets.\n\n\n \nThe majority of historic work on the Kena Property has centered around two main zones; the Gold Mountain Zone (GMZ) and the Kena Gold Zone (KGZ). A recently released resource estimate showed a measured plus indicated resource of 25.53 million tonnes averaging 0.67 g/t Au and an additional inferred resource of 25.91 million tonnes averaging 0.61 g/t Au, using a 0.30g/t Au cutoff.\n\n\n \nTotal M&I resources for the two zones comprise 549,000 contained ounces of gold, while total Inferred resources comprise 513,000 ounces (see Sultan News Release dated June 27, 2012).\n\n\n \nSultan and Altair's consultants have utilized 3D modeling software in order to better visualize the results of historic drilling and exploration work on the property. Interpretations suggest that the GMZ and KGZ gold mineralization may be hosted within a structure that is continuous from one zone to the other, with potential for extension to the northwest and southeast, for a total strike length of 4 kilometres. The model also indicates that the mineralization in each zone is open to depth. Several areas were identified where the continuity of mineralization along the target corridor could be tested, with the goal of increasing the global gold resource for the property.\n\n\n \nThe 2012 diamond drilling program is designed to initially twin several existing drill holes for verification and calibration of laboratory results. An additional 16 drill sites have been identified as sequential step-outs from the known areas of mineralization, with more sites planned as a follow-up to these initial test holes. The 2012 drilling will also test for mineralization to depths beyond the current ...