Sula expands Sierra Leone drilling programme
13th Feb 2017 12:39
(ShareCast News) - 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. The AIM-traded firm said five containers holding
Read moreSula Iron & Gold granted licence renewal in Sierra Leone
7th Nov 2016 08:44
(ShareCast News) - 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. The AIM-traded firm said the licence covered all of its historic, existing and planned exploration
Read moreSula Iron & Gold raised $400,000 to develop Sierra Leone mine
13th Oct 2016 11:07
(ShareCast News) - 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. The company raised $400,000, before expenses, through a subscription of about 304.6m shares of 0.1p sol
Read moreSula Iron plunges after placing
14th Oct 2015 10:22
(ShareCast News) - Shares in Sula Iron & Gold plunged over 30% on Wednesday after the group raised £500,000 from a discounted placing. The London-listed miner said it has issued 166.6m new shares at 0.3p each, adding for every two placing shares issued it will also issue a warrant for one further ne
Read moreSula Iron & Gold identifies new targets in Sierra Leone project
11th Sep 2015 10:55
(ShareCast News) - Mining group Sula Iron & Gold has identified new iron ore targets at its Sierra Leone project. Additional banded iron formation targets, units of sedimentary rock that consists of thin layers containing iron oxides, have been identified at the Ferensola project, the company said i
Read moreSula Iron & Gold raises cash at steep discount for gold project
20th Aug 2015 09:19
(ShareCast News) - 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. AIM-listed Sula raised the cash via a placing of 66.6m new shares at a price of 0.6p per share, a steep 29.4%
Read moreSula Iron & Gold plans exploration drilling at Ferensola
17th Jul 2015 10:44
(ShareCast News) - Sula Iron & Gold will begin exploratory drilling at its gold project in Frerensola, Sierra Leone. Sula said it is optimistic about its prospects of securing a mineral estimate and currently predicts to find up to 1.5m ounces of gold at the site. The move follows an extensive revi
Read moreSula Iron & Gold plunges as interim loss widens
30th Jun 2015 09:25
Commodity exploration group Sula Iron & Gold reported a wider interim loss but said it remained on track to achieve its goals. For the six months to 31 March, the London-listed company said it had made a £0.89m loss, 30.9% wider than in the corresponding period in 2014, although the value of net ass
Read moreSula Iron & Gold assess exploration targets ahead of Ferensola drilling programme
25th Jun 2015 09:30
Sula Iron & Gold has sent 108 ore samples for testing, to assess the prospective yield at its gold prospect in Ferensola, Sierra Leone. Consultant SRK extracted the samples and will produce a maiden mineral resource estimate in the next three weeks, as well as a more detailed drilling programme. "T
Read moreSula Iron & Gold hit by uncertainty at Sierra Leone scheme
16th Dec 2014 12:30
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. Sula said studies by SRK Consulting had shown an easily accessible surface resource o
Read moreSula Iron to release updates on JORC-compliant next week
12th Dec 2014 11:29
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. In a statement released on Friday, the firm said the estimate follows the completion of the BIF-2 magnetometer survey at the project a
Read moreSierra Leone-based Sula Iron & Gold "ready to act" amid Ebola outbreak
6th Jun 2014 08:17
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. The comments came after Sierra Leone-based London Mining imposed trav
Read moreSula Iron & Gold says Sierra Leone find needs more work
25th Apr 2014 14:32
Sula Iron & Gold has struck gold in Sierra Leone but said it needed to do more preliminary work before drilling. Sula said it had found two new gold anomalous areas with gold values as high as 3,090ppb at its Ferensola Project in the Sula-Kangari Greenstone belt. The group said the gold was found
Read moreSula Iron & Gold's annual losses widen
7th Mar 2014 07:52
Sula Iron & Gold widened its annual pre-tax loss to 2m pounds from 0.6m pounds, reflecting an increase in administrative and exploration costs mainly in Sierra Leone. The company was yet to make a revenue as it hadn't reached production. However, the group said it made "significant progress" on ex
Read moreSula continues to surge ahead of results from Sierra Leone project
13th Jan 2014 16:10
West Africa-focused mining group Sula Iron & Gold continued its recent strong run on Monday, with the share price soaring ahead of a conference call with management later this week. The company said in a statement that it will update investors on Wednesday about the completion of initial field work
Read more