For thousands of other reports visit RSC's Mineral Intellingence Map
Sula Iron & Gold Plc
Summary
| Project: | Ferensola | |
|---|---|---|
| Deposit: | TZ), TZ2, TZ4 | |
| Location: | Sierra Leone | |
| Commodities: | Gold | |
| Date: | 6/7/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-6-2017: Sula Iron & Gold Plc announces an Exploration/Drilling Update report for its TZ), TZ2, TZ4 deposit at the Ferensola project. Drilling results incl. 1.22m @ 5.2g/t Au from 116.45m. Sula (AIM: SULA), the gold exploration company focused on Sierra | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Howard Baker (Internal) | |
| ABSTRACT: | Sula (AIM: SULA), the gold exploration company focused on Sierra Leone, is delighted to announce the first results from batch 2 of its recently completed 3,783m, 14 hole drill program across Sanama Hill (TZ0), Eastern Target (TZ2), Southern Target (TZ4) and the Kuwait artisanal anomaly on its Ferensola Gold Project. The Southern Target is adjacent to TZ2, the Eastern Target, and around 2km South from Sula’s Sanama Hill, where assay results have already returned high-grade gold. The gold in FDD021 was recovered from a quartz pyrite shear zone, very strongly resembling the host for gold mineralisation previously found at Sanama Hill, where multiple such shears have been found. Additionally, logging shows that the gold-bearing shear on FDD021 dips at 38° to the WNW. This shallow dip angle could make the mineralisation more amenable to potential open pit mining in the future. Roger Murphy, CEO of Sula commented: “The high-grade gold found in TZ4 is a significant result for us. With this hole, we have demonstrated that gold mineralisation is not restricted to Sanama Hill and it supports our belief, based on our extensive geophysical work, and the intense artisanal activity in numerous sites across the licence, that there are multiple gold deposits across our Ferensola licence area. Whilst recognising that FDD021 is the first result we have received from TZ4, it is worth noting that the Southern Target is much longer than Sanama (see figure 3), where we already have an Exploration Target of 0.8m oz – 1.5m oz. This further demonstrates our strong belief that Ferensola hosts a significantly larger gold system than the original Exploration Target.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report