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Gold/Mining/Energy : MOLYMANIA the race is on

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From: Condor	8/3/2005 9:25:50 AM
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Press Release Source: Sultan Minerals Inc. Sultan Minerals Intersects Sizeable Molybdenum & Tungsten Deposits Tuesday August 2, 9:34 am ET VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 2, 2005) - (Molybdenum @ US$30.00/Lb, Tungsten @ US$10.00/Lb) Sultan Minerals Inc. (TSX VENTURE:SUL - News) is pleased to announce the discovery of sizeable molybdenum and tungsten deposits, on its 100% owned Jersey-Emerald Property, in British Columbia, Canada. The mineralization was intersected in two underground diamond drill holes drilled beneath historic mineralization in the Emerald Mine (See Jersey Drill Hole Location Map: www.sultanminerals.com/s/Jersey_EmeraldMaps.asp). The Emerald Mine was Canada's second largest tungsten producer and was operated by Placer-Dome from 1947 until its closure in 1973 due to low metal prices at the time. Sultan's geologists are extremely excited about the new molybdenum discovery, which could have significant implications for the future of this property. Hole two was the highlight of the recent two-hole diamond drill program. This remarkable hole assayed 0.22% MoS2 over its entire 192 foot length averaging 3.8 times the average grade of the Endako Mine, Canada's largest molybdenum producer. Hole two also carried 5.19% MoS2 over 3.7 feet within a 13.7 foot long section that assayed 1.72% MoS2 near the bottom of the hole. Significant intersections from both drill holes are given in the following table: biz.yahoo.com

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