9th Jul 2014 09:50
LONDON (Alliance News) - Sula Iron and Gold PLC Wednesday said it has completed the direct shipping ore and magnetite drilling programmes at its Ferensola Project in Sierra Leone.
The Sierra Leone-focused metals exploration and development company said it has completed its major exploration drilling programme at Ferensola on time and under budget, and said it expects to receive all of the results from the programme by the end of September. A total of 6,835 metres of diamond drilling was completed at the project.
"We anticipate receiving all analytical results by September and completing a maiden JORC compliant mineral resource estimate on both the DSO [direct shipping ore] and magnetite iron by the end of the year," said Chief Executive Nick Warrell in a statement.
Sula Iron and Gold shares were up 1% at 2.60 pence Wednesday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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