Explorers, Gold, Precious Metals, Resource News
Sultan Minerals breathes new life into the Kena gold project
By Resource Intelligence · June 26, 2012 · 12:01 pm · Leave a Comment
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Sultan Minerals has owned the Kena gold project near Nelson, BC, for some time, but the company has had its sights set on its tungsten, lead, zinc and moly project to the south. Now that gold has proven it has staying power near $1,600 per ounce, Sultan’s CEO Art Troupe has turned his focus to the Kena project. With a new JV partner on the project, investors can expect to see results and potentially new mineralized zones in the near term. The project already has 381,000 oz gold measured and indicated (average grade 1.0 g/t, using 0.5g/t cutoff, NI 43-101), plus 389,000 oz gold inferred (average grade 1.0 g/t, using 0.5 g/t cutoff, NI 43-101). Executive Editor Doug Hadfield spoke to Troupe about the agreement and how he expects things to move more rapidly now that the drills will be turning again.
