Business
Ferensola Gold - Batch 2 Assay Results
Ferensola Gold - Batch 2 Assay Results.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9031K Sula Iron & Gold PLC 06 January 2016 \n\nSula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources\n \n6 January 2016\nSula Iron & Gold plc\n(\"Sula\" or the \"Company\")\n \nFerensola Gold - Batch 2 Assay Results and Project Update\n \nSula (AIM: SULA), a multi-commodity exploration company focused on Sierra Leone, is pleased to announce that, further to the Batch 1 assay results announced on 14 December 2015, all remaining assay results (\"Batch 2\") from the recent drilling campaign on the Company's 100% owned, flagship Ferensola Gold Project have now been received. \n \nSRK Consulting (UK) Ltd (\"SRK\") previously defined an independent JORC compliant gold Exploration Target (the \"Exploration Target\") for the Ferensola Gold Project with a tonnage range of between 5 and 7 million tonnes (\"Mt\") at a grade range of between 4 and 8 grammes per tonne (\"g/t\") of gold (\"Au\"), which equates to between 0.8 and 1.5 million ounces (\"Moz\") Au. The Exploration Target has been restricted to a 2 km strike length segment of a regional fold belt that has a potential overall strike length in excess of 10 km. The drilling and sampling results tabulated below include the Batch 2 diamond drill core assays, artisanal goldstone and quartz-pyrite float samples and the previously announced Batch 1 assay results. \n \nHighlights:\n \n· Drillhole FDD005 returned assay results of up to 12.05 g/t Au from eight separate mineralised zones with estimated true thicknesses varying from 0.4 m to 1.4 m;\n· Drillhole FDD008 returned assay results of up to 5.66 g/t Au from four separate mineralised zones with estimated true thicknesses varying from 0.6 m to 2.0 m;\n· Drillhole FDD009 returned assay results of up to 1.28 g/t Au from two separate mineralised zones with estimated true thicknesses varying from 0.7 m to 1.2 m;\n· Gold mineralisation greater than 0.5 g/t Au was intersected within seven of the ten drillholes completed;\n· Drilling targeted known historical mineralisation and covered an area representing approximately 25% of the Ferensola Exploration Target;\n· Resampled historic drillhole intersections are confirmed as forming par...