13th Jan 2014 07:00
SULA IRON & GOLD PLC - Investor Conference CallSULA IRON & GOLD PLC - Investor Conference Call
PR Newswire
London, January 10
Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources 13 January 2014 Sula Iron & Gold plc (`Sula' or `the Company') Investor Conference Call Sula Iron & Gold plc, a multi-commodity exploration company focussed on SierraLeone, is pleased to announce that following the completion of initial fieldwork targeting gold mineralisation at the Company's Ferensola Project in SierraLeone (see announcement dated 8 January 2014), and in order to introduce thenew Board appointments of Matt Wood and Andrew Dacey (see announcements dated 2November 2013 and 31 December 2013 respectively), it will be holding aconference call for investors on Wednesday 15 January 2014 at 11.30am GMT. Toparticipate in this conference call, please go to http://www.sulairongold.com/contact.html and register your details, noting "investor presentation" in thecomment's box. **ENDS** For further information please visit www.sulairongold.com or contact thefollowing: Nick Warrell, CEO Sula Iron & Gold plc +44 (0) 7811 447830 Matt Wood / Andrew Dacey Sula Iron & Gold plc +44 (0) 20 7583 8304 James Caithie / Avi Cairn Financial Advisers LLP +44 (0) 20 7148 7900Robinson Martin Lampshire / David Daniel Stewart & Company Plc +44 (0) 20 7776 6550Hart Felicity Edwards / St Brides Media and Finance +44 (0) 20 7236 1177Charlotte Heap Ltd Notes Sula Iron & Gold plc is a multi-commodity exploration company focussed on WestAfrica. The Company's main objective is to explore and advance its FerensolaProject, in Northern Sierra Leone, which is highly prospective for iron andgold. Sula is currently focussed on delineating a maiden JORC compliant ironresource and proving up the gold mineralisation in 2014, by conducting soilgeochemistry and ground geophysics prior to a diamond drilling programme, inorder to maximise the Licence area's value potential. The 153 sq km licencearea is contiguous to African Minerals' operational Tonkolili Iron Mine, whichhas a JORC compliant resource of 12.8 billion tonnes Fe. Exploration work at the project has confirmed the presence of Banded IronFormation (`BIF') at surface, which has a known strike length of 3.1km. The BIFis proven to extend NE from the Tonkolili licence into Sula's licence area. A2,000m scout drilling programme conducted over a 2.2km section of BIF,confirmed the Licence area's prospectivity for consistently high grade ironmineralisation. An exploration target of 500 million tonnes at 30.4% iron formagnetite and 55% iron for hematite has been given by exploration consultantsSRK Exploration Services Ltd. Significant Greenstone Belt-style gold mineralisation has also been identifiedat various prospects within the licence area. Five target areas for hard rockgold mineralisation have been identified based on the location of historicdrill intercepts, the source areas for alluvial gold deposits, and the positionof major structures as defined by airborne magnetic data and drainageorientation.
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