Project overview
About this development
Sula Iron and Gold have completed a direct shipping ore (DSO) and magnetite drilling programme at its Ferensola Project in Sierra Leone. The Ferensola project contains two units Banded Iron Ore Formation (BIF), known quite simply by the team as ‘BIF Target 1′ and ‘BIF Target 2′. BIF Target 1 is contiguous to African Minerals’ Tonkolili iron ore deposit in the south of Sula’s licence area and has been the subject of our recent JORC drilling programmes. BIF Target 2 is located in a 20 square km region to the north east of BIF Target 1 and is currently being grid surveyed and line cut by field crews in preparation for a new ground-based magnetometer survey which will be completed later this year.
Project at a glance
Ferensola Iron Ore Project, Sierra Leone is located in Sierra Leone. The project is classified in the Private sector. Its current recorded stage is Cancelled. The recorded project value is R 200 Million+.