Business

Sultan Minerals Commences Airborne Lidar Survey of its Daylight Gold Property

(via Thenewswire.ca) Vancouver, BC - September 14, 2012: Sultan Minerals Inc. (SUL-TSX-Vent...

articleApex Resources Inc.September 14, 20124/company/apex-resources-inc/news/sultan-minerals-commences-airborne-lidar-survey-of-its-daylight-gold-property
Sultan Minerals Commences Airborne Lidar Survey of its Daylight Gold Property

About this update from Apex Resources Inc.

[{"type":"text","content":"\nSultan Minerals Commences Airborne Lidar Survey of its Daylight Gold Property\n\n(via Thenewswire.ca)\n\n \nVancouver, BC - September 14, 2012: Sultan Minerals Inc. (SUL-TSX-Venture) (\"Sultan\") is pleased to announce that it has contracted Eagle Mapping Ltd., of Port Coquitlam BC to fly an aerial LiDAR survey over its Daylight Gold Property located on Toad Mountain near Nelson, British Columbia. The survey will assist Sultan to map mineralized zones at the four historic gold mines and two new showings on the property.\n\n\n \nThe Daylight Gold Property covers 550 hectares of mineral claims and crown granted mineral claims located near Nelson, British Columbia. The property overlies four small historic gold mines that operated in the late 1890's and early 1900's. The historic mines have been owned by several individuals for many years and little exploration has been done since the mines closed in 1949.\n\n\n \nThe property adjoins the Kena Gold property where bulk tonnage, open pittable, intrusive related, gold mineralization has been discovered. Drilling is currently underway on the Kena property where a preliminary resource estimate shows a measured and indicated resource of 549,000 contained ounces (17 tonnes) of gold and an additional inferred resource of 513,000 contained ounces (16 tonnes) of gold using a 0.30 g/t Au cut-off. The mineralization remains open along strike and at depth (see Sultan News Release dated June 27, 2012).\n\n\n \nProperty work by Sultan on the Daylight Property includes geology, geochemistry, geophysics, and preliminary drilling. Historic mining results and recent exploration by Sultan suggests the mineralization on the property is comprised of broad zones of low grade gold mineralization often surrounding high-grade gold veins of varying sizes.\n\n\n \nWork completed to date by Sultan has defined four gold bearing targets that require exploration. These are the Great Eastern Porphyry Gold Zone, the Starlight Shear Zone, the North Star Shear Zone and the Silver King Gold Corridor. Geological indications suggest that the property could have potential for sizeable, bulk tonnage, intrusive related gold deposits in the four target areas.\n\n\n \nThe Great Eastern Porphyry Gold Zone is a strong untested gold soil anomaly that is 1.1 km long and up to 500 metres wide located 100 metres west of the hist...

More updates from Apex Resources Inc.