19th Nov 2013 12:52
LONDON (Alliance News) - Sula Iron & Gold PLC Tuesday said it has commenced further exploration work to prove up the gold mineralisation at its Ferensola project in Sierra Leone.
The multi-commodity exploration company with assets in Sierra Leone said fieldwork has started over several gold target zones located within the licence, while detailed ground work comprising a geochemical soil sampling programme and a ground magnetic survey is currently being conducted to delineate geological structures on two target areas.
Sula said the detailed work is focused on locating optimum sites for a drilling programme targeted to commence in 2014.
The company said historic drilling at the site included 2.0 metres at 8.76 grams per tonne gold and 1.55 metres at 11.68 grams per tonne of gold.
Sula Iron & Gold shares were up 3.5% to 1.94 pence Tuesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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