RNS says7 Jun 2017 08:28
Sula (AIM: SULA), the gold exploration company focused on Sierra Leone, is delighted to announce the first results from batch 2 of its recently completed 3,783m, 14 hole drill program across Sanama Hill (TZ0), Eastern Target (TZ2), Southern Target (TZ4) and the Kuwait artisanal anomaly on its Ferensola Gold Project.
Highlights
· 5.2g/t over 1.22m from drill hole FDD021, the first hole drilled into TZ4, the Southern Target;
· The Southern Target is a new discovery area at Ferensola, drilled by Sula for the first time.
The Southern Target is adjacent to TZ2, the Eastern Target, and around 2km South from Sula's Sanama Hill, where assay results have already returned high-grade gold. The gold in FDD021 was recovered from a quartz pyrite shear zone, very strongly resembling the host for gold mineralisation previously found at Sanama Hill, where multiple such shears have been found. Additionally, logging shows that the gold-bearing shear on FDD021 dips at 38° to the WNW. This shallow dip angle could make the mineralisation more amenable to potential open pit mining in the future.