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Results from 2nd Drill programme at Ferensola
Results from 2nd Drill programme at Ferensola.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n 1 August 2014\n\n \n\n Sula Iron & Gold plc \n\n (\"Sula\" or the \"Company\") \n\n Results from 2nd Drill programme at Ferensola, Final batches 9-11 \n\nSula Iron & Gold plc (\"Sula\" or the \"Company\"), the exploration and development\ncompany focused on iron ore in Sierra Leone, is pleased to provide an update on\noperations at its 100% owned Ferensola project (\"the project\"). The Company has\nnow received the results from the final three batches of its direct shipping\nore (\"DSO\") drill programme on its main Banded Iron Formation (\"BIF\") unit\nwithin the project.\n\nHighlights\n\nSignificant results from batch nine, tenand elevensamples include:\n\nBHDD159,8m @ 60.75% Fe, 18-26m\nBHDD163,10m @ 57.48% Fe, 22-32m\nBHDD164, 16m @ 58.65% Fe, 12-28m\nBHDD166, 18m @ 57.26% Fe, 12-30m\nBHDD169, 6m @ 58.66% Fe,43-49m\nBHDD172, 6m @ 56.60% Fe, 6-12m\nBHDD172, 18m @ 55.50% Fe, 26-44m\nBHDD174, 26m @ 58.29% Fe, 18-44mand\nBHDD175, 16m @ 56.07% Fe, 14-30m\n\nAll results from the oxide(DSO)targeted drilling, which commenced in early April \n2014, have now been received\n\nDrilling programme targeting the depth extent of the fresh magnetite BIF has now \nbeen completed with assays expected in the coming weeks\n\nSRK Consulting (UK) have commenced work on a Mineral Resource Estimation for the \nFerensola project\n \n\nTo view a full version of the announcement, including figures and maps, please\nvisit the Company's website at: www.sulaironandgold.com .\n\n \n\nSula CEO Nick Warrellsaid, \"These final results from the DSO drilling again \nsupport the presence of a well-defined iron oxide cap(DSO)at Ferensola. I am\nalso pleased to report that SRK Consulting (UK) has commenced work on the DSO M\nineral Resource Estimate, this is an exciting phase in your company's\ndevelopment and I look forward to updating you in the near future\".\n\nSula commenced a second 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 15 drill holes\nreceived from batches nine, ten and eleven, comprising 1,211.05m of drilling\nconducted between 5 June 2014 and 20 June 2014. All assay results have now been\nreceived on this drill programme targeting oxide material.\n\nThe Company has focused drilling on ...