Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources
2 May 2013
Sula Iron & Gold plc (`Sula' or `the Company')
Result of GM
Sula Iron & Gold plc, an iron ore and gold exploration company focussed on
Sierra Leone, announces that all resolutions were duly passed at the general
meeting of the Company held earlier today.
For further information please visit www.sulairongold.com or contact the
following:
Brian Moritz Sula Iron & Gold plc +44 (0) 7976 994 300
James Caithie / Avi Cairn Financial Advisers LLP +44 (0) 20 7148 7900
Robinson
John-Henry Wicks / Alice Northland Capital Partners +44 (0) 20 7796 8800
Lane Limited
Chris Rourke / Guy Wheatley Beaufort Securities Limited +44 (0) 20 7382 8387
Felicity Edwards/ Charlotte St Brides Media and Finance +44 (0) 20 7236 1177
Heap Ltd
Notes
Sula Iron & Gold plc is an iron ore and gold exploration company focussed on
West Africa. The Company's main objective is to explore and advance its key
Exploration Licence EL54/2011, in Northern Sierra Leone, which boasts a dual
commodity focus and is highly prospective for iron and gold. The 153 sq km
licence area is contiguous to African Minerals' operational Tonkolili iron
mine, which has a JORC compliant resource of 12.8 billion tonnes.
Exploration work at the Project has confirmed the presence of banded iron
formation (`BIF') at surface over a strike length of 3.1km and drill-ready. The
BIF extends NE from the Tonkolili mine into Sula's licence area. An exploration
target of 500 million tonnes at 30.4% iron for magnetite and 55% iron for
hematite has been given by independent exploration consultants SRK Exploration
Services Ltd.
Significant greenstone-style gold mineralisation has also been identified at
various prospects within the licence area. Greenstone-style deposits are
typically located on or proximal to regional scale, deep seated faults and
lineaments. Artisanal miners have exploited placer gold within the Project area
for more than 60 years, and active workings are observed in at least five
separate areas.
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