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Batches 6-8, Results from 2nd Drill programme
Batches 6-8, Results from 2nd Drill programme.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n 15 July 2014\n\n Sula Iron & Gold plc\n\n (\"Sula\" or the \"Company\")\n\n Batches 6-8, Results from 2nd Drill programme at Ferensola\n\nSula Iron & Gold plc (\"Sula\" or the \"Company\"), the exploration and\ndevelopment company focused on iron ore in Sierra Leone, is pleased to provide\nan update on assay results received on its 2nd drill programmes at its 100%\nowned Ferensola project (\"the Project\").\n\nHighlights\n\n- Significant results from batch six, seven and eight samples include:\n\n BHDD140, 28m @ 58.19% Fe, 8-36m\n\n BHDD141, 10m @ 56.27% Fe, 20-30m\n\n BHDD143, 12m @ 56.53% Fe, 10-22m\n\n BHDD144, 12.5m @ 55.82% Fe, 10-22.5m\n\n BHDD145, 8m @ 60.15% Fe, 24-32m\n\n BHDD150, 20.8m @ 57.23% Fe, 38-58.8m\n\n BHDD152, 18m @ 57.28% Fe, 20-38m\n\n BHDD153, 12m @ 56.32% Fe, 22-34m\n\n BHDD154, 6m @ 55.90% Fe, 30-36m and\n\n BHDD154, 22m @ 56.50% Fe, 56-78m\n\n- All results from phase 1 oxide (\"DSO\") targeted drilling, which commenced in early April\n 2014, have now been received with the phase 2 oxide infill drilling now complete with assays pending\n\n- Drilling programme targeting the depth extent of the fresh magnetite Banded Iron\n Formation (\"BIF\") has now been completed with assays pending\n\nTo view a full version of the announcement, including figures and maps, please\nvisit the Company's website at: www.sulaironandgold.com.\n\nSula CEO Nick Warrell said, \"Results from the drilling at Ferensola\ncontinue to support the presence of a well-defined iron oxide cap (DSO) at\nFerensola. In particular we are very pleased to see significant thicknesses\nsuch as that in hole BHDD140 where 28m of +58% Fe was recorded. With both the\nmagnetite and DSO drill programmes now completed we are looking forward to\nreceiving the final results and commencing the mineral resource estimates on\nthe two mineralised zones.\"\n\nSula commenced a 2nd resource drilling campaign, split into two phases, at\nFerensola during 2014 after a successful reconnaissance drill programme was\nundertaken in May-July 2013. The results reported here are from 19 drill holes\nreceived from batches six, seven and eight comprising 1,591.9m of drilling\nconducted between 17 May 2014 and 06 June 2014. Drilling on this 2nd drill\nprogramme targeting oxide material has now been completed with further results\nexpected over the next 2 months....