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Existing Iron Ore and new Tantalum and Niobium ...
Existing Iron Ore and new Tantalum and Niobium ....
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n 10 September 2014\n\n Sula Iron & Gold plc \n\n (\"Sula\" or the \"Company\") \n\n Recommenced exploration of existing Iron Ore \n\n New Tantalum and Niobium mineralisation target areas \n\nSula Iron and Gold plc, a multi-commodity exploration company focused on Sierra\nLeone, is pleased to announce that it has recommenced work on its Ferensola\nProject targeting both Iron Ore in the BIF 2 Target area, and a new Tantalum\nand Niobium mineralisation target which was recently identified within the\nlicence area.\n\nTo view a full version of the announcement, including figures, please visit the\nCompany's website at: www.sulaironandgold.com.\n\nOverview of BIF 2 Target Area Exploration:\n\n \n\n * Geological interpretation and regional magnetic data suggest that there is\n potential for the banded iron formation (\"BIF\") to continue in a north\n easterly direction;\n \n * BIF 2 Target is a 20km2 region to the north east of the known iron\n mineralisation, BIF 1, which was drilled in 2013 and 2014 and over which\n work on a maiden mineral resource estimate has commenced;\n \n * Field crews have completed the grid surveying and line cutting, which\n commenced in July 2014, in preparation for a magnetometer survey over BIF\n 2; and\n \n * SEMS Technical Services Ltd will complete the survey using the same type of\n equipment as used in the previous two surveys. A line spacing of 200m\n orientated northwest - southeast will be used, which is perpendicular to\n the interpreted strike of geology.\n \nOverview of tantalum - niobium exploration\n\n * Columbite-tantalite (also known as \"coltan\") is a metallic ore which\n contains varying amounts of niobium and tantalum. The primary source of\n this mineralisation is within pegmatites which are proximal to magmatic\n bodies (usually granitic in composition). These pegmatites are much more\n prone to weathering than the host granitic bodies or hosting country rocks\n that they are intruded into, causing the coltan mineralisation to be\n liberated into the soil horizon and alluvial system;\n \n * Due to the high density of coltan, at around 8g/cm3, it tends to remain\n relatively close to its source within the alluvial system; and\n \n * Recent exploration by Sula and its consultants has confirmed the existence\n of Tantalum and Niobium within the Blue Horizon licence. To gather a...