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Ferensola Gold - Batch 1 Assay Results
Ferensola Gold - Batch 1 Assay Results.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9338E Sula Iron & Gold PLC 12 May 2017 \n\n Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources\n12 May 2017\nSula Iron & Gold plc\n(\"Sula\" or the \"Company\")\n \nFerensola Gold - Batch 1 Assay Results\n \nSula (AIM: SULA), the gold exploration company focused on Sierra Leone, is pleased to announce the results from Batch 1 of its recently completed 3,783 metre 14 hole drill program across Sanama Hill (TZ0), Eastern Target (TZ2), TZ4 and the Kuwait artisanal anomaly on its Ferensola Gold Project.\n \nBatch 1 comprises 1,265 samples from 5 drillholes: FDD014 from Sanama Hill, (from where we drilled 10 holes in December 2015) and FDD011, FDD012, FDD013 and FDD015 from TZ2 (Eastern Target), a new, never before drilled target. \n \nFDD014 at Sanama Hill was designed to test the down dip / plunge extension to the previously identified high grade mineralisation. The TZ2 drillholes were designed to test for potential mineralisation indicated by a highly chargeable IP anomaly. \n \nBatch 1 Highlights:\n \n· 5 drillholes assayed: 1 drillhole from Sanama Hill (TZ0) and 4 drillholes from the TZ2, the Eastern target;\n· High grade assay results of 15.9g/t over 4.8m (3.1m true width), including 37g/t Au over 0.75m, from within a mineralised shear zone interval of 32.6m (21.0m true width) with a length weighted grade of 3.65g/t Au were intersected between 122.85m and 155.45m in drillhole FDD014 at Sanama Hill;\n· 6.8 g/t Au was also intersected between 185m and 186.2m in FDD014 along with an oxide zone assay of 2.31 g/t Au between 48m and 49.5m; \n· FDD014 demonstrates continuity of gold mineralisation 45m from the previous high grade intersections recorded in FDD002 and FDD004 from drilling carried out in December 2015;\n· Logging and structural data collected at FDD014 highlights a complex zone of thickening associated with a significant shear zone within the Sanama Hill target; and\n· Drilling at the Eastern Target (TZ2) confirms a major sulphide system associated with numerous shear zones.\n &nbs...