Sula Iron & Gold PLC Samples Dispatched for Assay & Presentation Update
April 19 2017 - 2:00AM
RNS Non-Regulatory
TIDMSULA
Sula Iron & Gold PLC
19 April 2017
19 April 2017
SULA IRON & GOLD PLC
("Sula" or the "Company")
Samples Dispatched for Assay & Presentation Update
Sula (AIM: SULA), the gold exploration company focused on Sierra
Leone, is pleased to announce that the first batch of borehole
samples, destined for assay at the ALS laboratories in Ireland,
have been dispatched from Sierra Leone. These samples were
collected from the first holes drilled by the Company in its
current drill programme at its Ferensola Gold Project.
Further to the announcement on 8 March 2017, Sula now has two
rigs drilling onsite. The first rig is drilling additional holes on
Sula's Sanama Hill, where Sula has an Exploration Target, as
defined by SRK Consulting (UK) Ltd, of 5 to 7 million tonnes,
grading at between 4g/t - 8g/t for 0.8 - 1.5 million ounces of
gold. This rig is testing for extensions of the known gold
mineralisation.
The second rig is focusing on Sula's Eastern Target, comprising
a 4km long ridge, which has a very strong Induced Polarisation
anomaly, and which Sula believes is indicative of pyrite
mineralisation. Elsewhere on the Ferensola licence, notably at
Sanama Hill, such pyrite mineralisation is associated with
gold.
The assay results will be released to the market as soon as they
become available.
Sula would also like to inform investors and other interested
parties that Roger Murphy, CEO will be speaking at the Proactive
One2One Gold Investor Forum at 6.00 p.m. on 20 April 2017 at the
Chesterfield Hotel, 35 Charles St, Mayfair, W1J 5EB. Interested
parties should approach Proactive Investors
(www.proactiveinvestors.co.uk/events) to enquire about
attending.
For further information, please visit www.sulaironandgold.com or
contact:
Sula Iron & Gold plc +44 (0) 20 7583
Roger Murphy, CEO 8304
Strand Hanson Limited (Financial
and Nominated Adviser)
James Harris
Matthew Chandler +44 (0) 20 7409
James Dance 3494
VSA Capital Limited (Financial
Adviser and Corporate Broker)
Andrew Monk
Andrew Raca +44 (0) 20 3005
Justin McKeegan 5000
Ongeza Mining (Financial and Technical
Adviser)
Iain Macpherson +27 (0) 11 469
Ilja Graulich 0629
This information is provided by RNS
The company news service from the London Stock Exchange
END
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