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Fantastic top up opp[ortunity Sula Iron & Gold Drills More Holes Than Planned On Ferensola Project Mon, 8th May 2017 10:33 LONDON (Alliance News) - Sula Iron & Gold PLC on Monday said it has completed the drill programme on the Ferensola gold project in northern Sierra Leone, drilling more holes than originally anticipated. Sula Iron said it completed 14 drillholes over 3,788.5 metres of drilling, when it originally planned to drill only 10 holes over 2,400 metres. The programme resulted in four drill holes being completed on the Sanama Hill target, seven on TZ2, and two holes on TZ4. An additional step-out hole was completed to target the underlying geological formation at the Kuwait artisanal mining area that lies to the west of the TZ2 anomaly. "The Kuwait hole is particularly interesting as it targets an area that was not part of our original planning for this phase and may point to an entirely new target. We look forward to reporting assay values from samples already in the labs and those en route as they are received," said Chief Executive Roger Murphy. The extra metres drilled were utilised to extend the depth of numerous drillholes and to add additional holes to the programme based on the progressive geological understanding of the project and underlying controls on mineralisation, including the additioinal work on the Kuwait hole. Logging and sampling of the final drillholes is currently in progress with Sula anticipating the dispatch from site to ALS laboratories in Ireland "later this week". Sula Iron shares were down 9.5% on Monday at 0.570 pence.
Our driller who is now a significant shareholder has drilled four more holes than expected. Does that not say something to those that sold out today?
The only thing certain is gold assays will be out this month as per Roger Murphys statement so between now and 31st May. Anything else is guessing, but when it happens we can expect the herd to arrive.
Amazing and unexpected rise, I thought the MM's would be playing with the SP today marking it down but it appears they know what's coming?
Sell 2.4m Buy 4.8m.
are the MM's. On no volume they drop the the SP which means tomorrow it will fall again because they want stock, which signals RNS in the next few weeks. You're not having mine LOL
must have seen big nuggets whilst boring away and thought *******s to this drilling mullarkey I'm in for the big time. Assay results should arrive soon and we can only hope they are as good as Murphy is excited, and he does seem upbeat. Todays RNS got positive response so looking good at the mo.
So Mr Warren, who has been drilling away for the last 5 weeks is now indirectly a significant shareholder
Thanks for that, didn't realise that happened Good Luck
My small buy this morning is not showing, how many more are missing?
yet but got another 3123. Good long term hold I think
Price dipped to 27 Fri 3rd March the Monday 20m volume
I agree with you, just look at the RNS list for this month already
but taking a serious look at this little known company. Share price has risen following Institutions buying so may take a position next week
It certainly is
I think you may find it is this lot who have triggered the RNS SFM UK MANAGEMENT LLP is an investment management company based out of Calle Laguna del Marquesado Nª 19, Nave 16 Edificio Adriana 1ª Planta, Polígono Industrial La Resina (Villaverde), Madrid, Community of Madrid, Spain.