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Sula Iron & Gold Plc
Summary
| Project: | Ferensola | |
|---|---|---|
| Deposit: | Ferensola | |
| Location: | Sierra Leone | |
| Commodities: | Iron | |
| Date: | 12/16/2014 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-12-2014: Sula Iron & Gold Plc announces a Resource Estimation report for its Ferensola deposit at the Ferensola project. Initial mineral resource estimate for project. Sula Iron & Gold plc, the exploration and development company focused on iron ore, g | |
| Resources: | (Resource): 17.6Mt @ 45.6% Fe (M+I), and 496.9Mt @ 31.3% Fe (Inf.) | |
| CP/QP: | [Resources]: Howard Baker (SRK Consulting) | |
| ABSTRACT: | Sula Iron & Gold plc, the exploration and development company focused on iron ore, gold and coltan in Sierra Leone, is pleased to announce a Maiden JORC Compliant Mineral Resource Estimate at its 100% owned Ferensola iron ore project in Sierra Leone ("Ferensola"). Commenting on today’s landmark news, Nick Warrell CEO of Sula, said: “We are very pleased to update our shareholders and the market with our Mineral Resource Statement. Back in 2013 we set ourselves the target of identifying a 500Mt iron ore resource and today’s results reflect the past two year work programme. The total oxidised resource of 55.5Mt @45.39% Fe represents easily accessible mineralisation at surface. This, coupled with exceeding the SRK ES Exploration Target of 500Mt, is pleasing. “Furthermore, the deep exploration target of 100-250Mt at BIF1 outlined by SRK suggests that we can add further to the resource base.” | |
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