Samples Dispatched for Assay & Presentation Update

RNS Number : 6567C

Sula Iron & Gold PLC

19 April 2017

 

19 April 2017

SULA IRON & GOLD PLC

("Sula" or the "Company")

Samples Dispatched for Assay & Presentation Update

Sula (AIM: SULA), the gold exploration company focused on Sierra Leone, is pleased to announce that the first batch of borehole samples, destined for assay at the ALS laboratories in Ireland, have been dispatched from Sierra Leone.  These samples were collected from the first holes drilled by the Company in its current drill programme at its Ferensola Gold Project. 

Further to the announcement on 8 March 2017, Sula now has two rigs drilling onsite.  The first rig is drilling additional holes on Sula's Sanama Hill, where Sula has an Exploration Target, as defined by SRK Consulting (UK) Ltd, of 5 to 7 million tonnes, grading at between 4g/t - 8g/t for 0.8 - 1.5 million ounces of gold.  This rig is testing for extensions of the known gold mineralisation.

The second rig is focusing on Sula's Eastern Target, comprising a 4km long ridge, which has a very strong Induced Polarisation anomaly, and which Sula believes is indicative of pyrite mineralisation. Elsewhere on the Ferensola licence, notably at Sanama Hill, such pyrite mineralisation is associated with gold.

The assay results will be released to the market as soon as they become available.

Sula would also like to inform investors and other interested parties that Roger Murphy, CEO will be speaking at the Proactive One2One Gold Investor Forum at 6.00 p.m. on 20 April 2017 at the Chesterfield Hotel, 35 Charles St, Mayfair, W1J 5EB.  Interested parties should approach Proactive Investors (www.proactiveinvestors.co.uk/events) to enquire about attending.

For further information, please visit www.sulaironandgold.com or contact:

Sula Iron & Gold plc Roger Murphy, CEO	[phone]
Strand Hanson Limited (Financial and Nominated Adviser) James Harris Matthew Chandler James Dance	[phone]
VSA Capital Limited (Financial Adviser and Corporate Broker) Andrew Monk Andrew Raca Justin McKeegan	[phone]
Ongeza Mining (Financial and Technical Adviser) Iain Macpherson Ilja Graulich	[phone]

 

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