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'Things are going really well', says Sula boss Roger Murphy as first samples are despatched

Roger Murphy, chief executive of Sula Iron & Gold PLC (LON: SULA) updates Proactive on progress at their Ferensola project in Sierra Leone.

They've now sent the first batch of borehole samples from the current drilling programme off for assay.

Sula has two drill rigs onsite.

The first rig is drilling additional holes at Sanama Hill, where the target, as defined by SRK Consulting Ltd, is 5-to-7 mln tonnes grading at between 4 grams per tonne and 8 grams between 0.8 mln and 1.5 mln ounces of gold.

The second rig is focusing on Sula's Eastern Target, comprising a 4 km long ridge, which has a very strong Induced Polarisation anomaly, and which Sula believes is indicative of pyrite mineralisation.

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