1st Jun 2016 07:50
LONDON (Alliance News) - Miner Sula Iron & Gold PLC on Wednesday said it has received positive initial induced polarisation survey results for the Ferensola gold project in Sierra Leone.
Sula said the survey has highlighted the larger scale potential of the project beyond the currently-defined exploration target.
The company said multiple additional targets are now being identified at the project, and the survey will be expanded to incorporate the potential north east extension of the target area.
"I am delighted with these initial IP survey results which continue to support our belief that the Ferensola gold project could host a significant resource," said Sula Chief Executive Nick Warrell.
Sula shares were down 3.3% to 0.17 pence Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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