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Overview | The Kena Property, British Columbia: Gold | The Jersey Emerald Property, British Columbia: Tungsten and Lead-Zinc | Management Profiles | Executive Profiles

Overview


Sultan Minerals Inc. is a Canadian exploration company concentrating on advanced exploration at two former producing mines in southeastern British Columbia, Canada, one primarily for gold (Au) and the other for tungsten (W) and lead-zinc (Pb, Zn). The Company's management team has over 45 years of experience in precious metals exploration, including the discovery of the Hemlo Gold Mine in Ontario and both the Ferderber and Sleeping Giant gold mines in Quebec. Sultan Minerals trades on the TSX Venture Exchange under the symbol OK.V


The Kena Property, British Columbia: Gold

The Kena Gold-Copper-Silver Property is a large (8,000-hectare) property located 60 kilometers northeast of the historic Rossland Mining Camp, British Columbia's second-largest gold camp.

  • Six historic gold mines exist on the property (Great Eastern, Daylight, Victoria, Starlight, Euphrates, Gold Cup).
  • An NI 43-101 gold resource contains 770,000 ounces at 1.0 g/t (using a 0.5 g/t cutoff with 50% measured and indicated) is valued at over $1 billion. This resource remains open to depth and along strike.
  • An 8 km long strong gold soil anomaly remains untested along much of its length. The portion which has been systematically drill tested has defined an open pittable gold resource extending from surface to a depth of over 430 metres.
  • Exploration in 2010 outlined an adjacent, very large, porphyry copper-gold target that is ready for drill testing in 2011.
  • 2010 drilling confirmed a high grade gold corridor intersected by wide spaced drilling and trenching over a 5.65 km length. Average gold grade within the mineralized structure is 15.65 g/t over a min. 2.0 metre intersection width.
  • Excellent access to highway, water, power and workforce.
  • Sultan’s consulting geologists have recommended a $5.0 million follow up program for 2011. Additional drilling is expected to significantly expand the resource.

The Jersey Emerald Property, British Columbia: Tungsten and Lead-Zinc


The 18,000-hectare Jersey Emerald Property is the largest mineral property in the famous Kootenay Arc silver-lead-zinc-tungsten belt. The property is host to five historic mines including British Columbia's second and third-largest lead zinc mine and Canada's second-largest tungsten producer. The former Placer-Dome tungsten mine produced tungsten (WO3) prior to its closure due to low metal prices in 1973.

  • The property includes 5 historic mines (Jersey, HB, Emerald, Aspen and Summit Gold). The Aspen mine was a small but high grade (1,200 g/t) silver mine.
  • Exploration drilling by Sultan in the Jersey and Emerald mines has outlined a drill inferred resource of more than 5.0 million tons of tungsten mineralization and almost 7.0 million tons of lead-zinc mineralization at historic mine grades.
  • Over $150 million in underground infrastructure including 12 km of workings and haulage tunnels and portals to accommodate 35-ton trucks with excellent access to highways, water, power and workforce. The former mine manager is consultant for the project.
  • Sultan’s geologists confirm that the property has excellent exploration potential and believe a scoping study will show sufficient tonnage to support a 2,000 t/d mining operation for more than 15 years.
  • Engineering proposals have been obtained from Wardrop Engineering, BBA Engineering and Rescan Engineering and indicate that if the scoping study (PEA) is successful, the project could be taken thru feasibility and ready for development in less than 2 years.


Management Profiles


Arthur G. Troup, B.Sc., M.Sc., P. Eng.
Position: President and CEO

Mr. Troup has served as President and Chief Executive Officer of Sultan Minerals Inc. since June 1997 and has been a Director of the Company since June 1995. Mr. Troup has also served as Vice President, Exploration and Director of Cream Minerals Ltd. since 1987, Vice President, Exploration of Emgold Mining Corporation from September 1993 to June 2005 and Vice President, Exploration of ValGold Resources Ltd. from June 1996 to January 2005. Prior to this, Mr. Troup was President of Archean Engineering Ltd., a firm offering project management and mineral exploration services, from 1981 through to 1996.

Mr. Troup graduated from McMaster University in Hamilton, Ontario with a M.Sc. in Geology. He has over 30 years' experience in the mining industry in North America, Southeast Asia and North Africa working for Rio Algom, Teck Corporation, Canada Nickel Corporation and Placer Dome Canada Limited, and the Geological Survey of Canada.

Frank Lang, B.A., M.A., P.Eng.
Position: Chairman and Director

Mr. Lang is a Professional Engineer, and has been involved in the operation and financing of junior resource companies for over 40 years. He is also Chairman and Director of Cream Minerals Ltd., and Chairman and/or Director of Acrex Ventures Ltd. Mr. Lang was involved with the discovery of the Ferderber Gold Mine, the Beacon Two Gold Mine and the Sleeping Giant Gold Mine in the Val D'Or area in Quebec. He and his former partner, Dick Hughes, shared the Developer of the Year Award for the discovery of the Golden Giant Mine, the first gold mine in production in the Hemlo area in Ontario.

Ben Ainsworth, M.A. (Oxon), F.G.S., P.Eng. (BC)
Position: Director

Mr. Ainsworth graduated with an Honours Degree in Geology and has been active in mineral exploration for 40 years. A Senior Geologist with Placer Development Ltd (the former owner operator of Sultan's Salmo mineral projects), he held assignments as Chief Geochemist, Exploration Manager - Eastern Canada, Exploration Manager during more than 20 years with that company. He carried out extensive exploration work in Canada and Yukon, which lead to the discovery, in 1972, of the world class Howards Pass lead - zinc deposit, and the re-discovery of the Clea tungsten deposit. In 1986, he formed an international mineral exploration consultancy and serves as "Qualified Person" on the board of several junior mining companies, working with a wide range of commodities.

Sargent H. Berner, B.A., LL.B
Position: Director

Mr. Berner practiced corporate, securities, and natural resources law as a partner in the Vancouver law firm of DuMoulin Black from 1976 until 2004. He is currently Co-Chairman and CEO of Emgold Mining Corporation. Mr. Berner is a graduate of the University of British Columbia where he received his B.A. in 1963 and his LL.B. in 1966. He also received the degree of Master of Laws from the London School of Economics, London, England in 1967.

Robin Merrifield, CA (S.A.)
Position: Director

Mr. Merrifield has 40 years of international experience as a chartered accountant to the mining industry. He is currently Executive Vice President and Chief Financial Officer for Uranium One Inc. Mr. Merrifield obtained his CA while working for Deloittes in Cape Town, South Africa. He has also previously worked for ten years as Financial Controller for a large nickel/copper mining complex controlled by Anglo-American Corporation, Assistant Vice President of Finance for one of Robert Friedland’s companies and as Controller for Cameco Corporation.


Corporate Profile on Stockhouse



Executives:

 Arthur G. Troup P.Eng.
Arthur G. Troup P.Eng.
President & CEO

Mr. Troup has served as President and Chief Executive Officer of Sultan Minerals Inc. since June 1997 and has been a Director of the Company since June 1995. Mr. Troup has also served as Vice President, Exploration and Director of Cream Minerals Ltd. since 1987, Vice President, Exploration of Emgold Mining Corporation from September 1993 to June 2005 and Vice President, Exploration of ValGold Resources Ltd. from June 1996 to January 2005. Prior to this, Mr. Troup was President of Archean Engineering Ltd., a firm offering project management and mineral exploration services, from 1981 through to 1996.

Mr. Troup graduated from McMaster University in Hamilton, Ontario with a M.Sc. in Geology. He has over 30 years' experience in the mining industry in North America, Southeast Asia and North Africa working for Rio Algom, Teck Corporation, Canada Nickel Corporation and Placer Dome Canada Limited, and the Geological Survey of Canada.

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