Ferensola Gold Project – Corporate Video
Sula (AIM: SULA), the multi-commodity exploration company focused on Sierra Leone, announces that a corporate video summarising the work completed to date on the Company’s Ferensola Gold Project, from defining the exploration target, through to the recent IP results and also including a section setting out the upcoming drill programme
Latest RNS release
Roger Murphy, Sula’s CEO, commented
It is very pleasing that what was planned largely as a confirmatory exercise has yielded some exceptionally positive results pointing towards exciting gold grades within the project’s weathered oxide zone. This represents an opportunity for an early start on a near surface deposit that will enhance the project’s economics. We will re-examine a potential oxide exploration programme as the planned drilling programme, due to commence in the New Year,
8th December 2016: Result of Open Offer and Rump Placing – Directors’ Dealings
Roger Murphy, Managing Director of Sula, commented
“We are delighted to have received a favourable response from so many of the Company’s existing shareholders under the Open Offer and from certain new and other existing investors under the Rump Placing. The Open Offer was provided by the Company as an opportunity for Qualifying Shareholders to minimise dilution of their equity holdings following the recent Placing and Subscription. Having raised total gross proceeds of £1.47 million from the Placing and Subscription and the Open Offer, we will now focus on expanding our exploration programme at Sanama Hill, as well as focusing on the much larger Eastern Target at our Ferensola Project.
Share Talk spoke to Roger Murphy of Sula Iron and Gold last week about the change’s with in company since he became CEO. We talk about their Ferensola Gold project in Sierra Leone and the drill program to target advancing the exploration work on their Jorc compliant project.
We will be following up this interview with a Questions and Answers session, please feel free to contact Share Talk with any questions you would like us to put forward.