Business
New Company Website www.sulaironandgold.com
New Company Website www.sulaironandgold.com.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n 30 June 2014\n\n Sula Iron and Gold plc \n\n (\"Sula\" or the \"Company\") \n\n New Company Website www.sulaironandgold.com \n\nSula Iron and Gold plc, the exploration and development company focused on iron\nore and gold in Sierra Leone, is pleased to announce the launch of its new\nwebsite www.sulaironandgold.com.\n\nPlease note that the Company's website address has changed from\nwww.sulairongold.com to www.sulaironandgold.com. \n\nEnquires:\n\nSula Iron & Gold plc +44 (0) 20 7583 8304\n\nNick Warrell / Matt Wood\n\nwww.sulaironandgold.com\n\nCairn Financial Advisers LLP +44 (0) 20 7148 7900\n\nJames Caithie / Avi Robinson\n\nDaniel Stewart & Company Plc +44 (0) 20 7776 6550\n\nMartin Lampshire / David Hart\n\nYellow Jersey PR +44 (0)7768 537 739\n\nDominic Barretto / Kelsey Traynor\n\nNotes:\n\nSula Iron & Gold plc is a multi-commodity exploration company focussed on West\nAfrica. The Company's main objective is to explore and advance its Ferensola\nProjects, in Northern Sierra Leone, that are highly prospective for iron and\ngold. Sula is currently focussed on delineating a maiden JORC compliant iron\nresource estimate and evaluating the gold prospectivity. The 153 sq. km licence\narea is contiguous to African Minerals' operational Tonkolili Iron Mine, which\nhas a JORC compliant resource of 12.8 billion tonnes iron mineralisation.\n\nExploration work at the project has confirmed the presence of Banded Iron\nFormation (`BIF') at surface, which has a known strike length of 3.1km. The BIF\nis proven to extend NE from the Tonkolili licence and into Sula's licence area.\nA 2,000m scout drilling programme conducted over a 2.2km section of BIF,\nconfirmed the Licence area's prospectivity for consistently high grade iron\nmineralisation. An exploration target of 500 million tonnes at 30.4% iron for\nmagnetite and 55% iron for hematite has been given by exploration consultants\nSRK Exploration Services Ltd.\n\nSignificant Greenstone Belt-style gold mineralisation has also been identified\nat various prospects within the licence area. Five target areas for hard rock\ngold mineralisation have been identified based on the location of historic\ndrill intercepts, the source areas for alluvial gold deposits, and the position\nof major structures as defined by airborne magnetic data and drainage\norientation.\n\nThe info...