13 Feb 2014 10:29
SULA IRON & GOLD PLC - Change of Registered OfficeSULA IRON & GOLD PLC - Change of Registered Office
PR Newswire
London, February 13
Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources 13 February 2014 Sula Iron & Gold plc Change of Registered Office Sula Iron & Gold plc, a multi-commodity exploration company focussed on SierraLeone, wishes to announce that its registered office address has changed to 201Temple Chambers, 3 -7 Temple Avenue, London EC4Y 0DT with immediate effect. **ENDS** For further information please visit www.sulairongold.com or contact thefollowing: Nick Warrell Sula Iron & Gold plc +44 (0) 7811 447830 Matt Wood Sula Iron & Gold plc +44 (2) 207 583 8304 James Caithie / Avi Cairn Financial Advisers LLP +44 (0) 20 7148 7900Robinson Martin Lampshire / David Daniel Stewart & Company Plc +44 (0) 20 7776 6550Hart Felicity Edwards / St Brides Media and Finance +44 (0) 20 7236 1177Charlotte Heap Ltd Notes Sula Iron & Gold plc is a multi commodity exploration company focussed on WestAfrica. The Company's main objective is to explore and advance its 153 sq kmFerensola Project, in Northern Sierra Leone, which is highly prospective foriron and gold. The Company is focussed on delineating a maiden JORC compliantiron resource both on the DSO and magnetite in 2014, and proving up the goldmineralisation in order to maximise the Ferensola's value potential. Anexploration target of 500 million tonnes at 30.4% iron for magnetite has beengiven by exploration consultants SRK Exploration Services Ltd. Exploration work at Ferensola has confirmed the presence of Banded IronFormation (`BIF') at surface, which has a known strike length of 3.1km.Significantly, the BIF is proven to extend NE from African Mineral's 12.8billion tonne operational Tonkolili iron mine, into Sula's licence area, whichis located contiguously to Tonkolili. Furthermore, a 2,000m scout drillingprogramme conducted over a 2.2km section of BIF in July 2013, confirmedconsistently high grade iron mineralisation at Ferensola. Significant Greenstone Belt-style gold mineralisation has also been identifiedat various prospects within the licence area. Five target areas for hard rockgold mineralisation have been identified based on the location of historicdrill intercepts, the source areas for alluvial gold deposits, and the positionof major structures as defined by airborne magnetic data and drainageorientation. Field work has been carried out recently and, following theprocessing and interpretation of all geophysical and assay results, Sula willbe able to define robust drill targets at two principal target areas - theLagunda and Yanfarina prospects. Further targets are yet to be explored.