After finding "very encouraging" gold samples from test drilling at its Ferensola project in Sierra Leone, explorer Sula will soon look to engage with potential joint venture or farm-out partners.
AIM-listed gold exploration company Sula Iron & Gold has signed a new 5,000m drilling contract with Equity Drilling on its flagship Ferensola gold project.
Sula Iron & Gold has paid Equity Drilling Ltd for its 3783m of drilling on the Ferensola gold project in northern Sierra Leone, with a large portion of that payment in new shares.
Sierra Leone-focussed gold exploration company Sula announced the results from Batch 1 of its recently completed 3,783 metre, 14 hole drill programme across Sanama Hill, the Eastern Target, TZ4 and the Kuwait artisanal anomaly on its Ferensola Gold Project.
Shares in Sula Iron & Gold fell almost 9% on confirming completion of the current diamond drilling campaign at the Ferensola Gold Project.
Shares in Sula Iron & Gold are up more than 5% after it emphasised its focus on exploration for the yellow metal, proposed a name change and commented that it believed there was a lot more gold to be found at the Ferensola Project.
AIM-listed multi-commodity explorer Sula Iron & Gold has raised about £500,000 to extend an ongoing diamond drilling programme at its Ferensola gold project in Sierra Leone.
Shares in Sierra Leone-focused Sula Iron & Gold are down almost 7% after it posted a broadly flat full-year pretax loss in what was a period of significant developments for the company.
Sierra Leone-focussed multi-commodity exploration company Sula Iron & Gold announced on Monday that the two diamond drill rigs shipped from South Africa in December, had now docked and were unloaded at Freetown Port on 10 February.
Sierra Leone-focused multi-commodity exploration company Sula Iron & Gold announced the renewal of the mineral exploration licence held by its wholly-owned subsidiary, Blue Horizon.
Shares in AIM-listed Sula Iron and Gold soared nearly 13% on Thursday after raising equity through a subscription of shares to develop its Frensola gold project in Sierra Leone.
Shares in Sula Iron & Gold plunged over 30% on Wednesday after the group raised £500,000 from a discounted placing.
Mining group Sula Iron & Gold has identified new iron ore targets at its Sierra Leone project.
Shares in Sula Iron & Gold plunged after the Sierra Leone metals explorer announced a steeply discounted £0.4m fundraising to fund drilling at its Ferensola gold project.
Sula Iron & Gold will begin exploratory drilling at its gold project in Frerensola, Sierra Leone.
Commodity exploration group Sula Iron & Gold reported a wider interim loss but said it remained on track to achieve its goals.
Sula Iron & Gold has sent 108 ore samples for testing, to assess the prospective yield at its gold prospect in Ferensola, Sierra Leone.
Shares in Sula Iron & Gold lost more than a third of their value on Tuesday after the Sierra Leone-focused miner said a study had cast uncertainty over part of a potential iron ore deposit at its Ferensola project.
Iron ore and gold explorer Sula Iron said it expects to reports on the JORC compliant mineral at Ferensola Project, Sierra Leone, in the week commencing 15 December.
Sula Iron & Gold, the AIM-listed multi-commodity exploration company focused in Sierra Leone, has seen no incidences of the deadly Ebola Virus Disease (EVD) among its workforce but is "ready to act" if the situation deteriorates.