https://www.engineeringnews.co.za

Sula looks to expand Sierra Leone tenements

5th June 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Sierra Leone-focused exploration and development company Sula Iron & Gold has made an application, through its wholly owned subsidiary Blue Horizon, for a new exploration licence adjacent to its 153 km2 Ferensola licence.

The coltan, gold and iron-ore miner said on Friday that the new exploration licence area, known locally as Tanyareh, which meant prosperity in the local dialect, covered an area of 19 km2 and was believed to be highly prospective for coltan and gold.

The Tanyareh licence bordered Ferensola to the south-east and was easily accessible from Sula's existing operations.

"We are very excited to make this application for the Tanyareh licence [as] we believe it to be highly prospective [and it] complements our existing exploration programmes within Ferensola.

“This licence should give us additional exploration opportunities, particularly with regard to coltan and is expected to further assist in our continuing discussions with potential strategic partners and offtakers, which are progressing. There remains strong interest from third parties in the potential of our exploration activities,” commented CEO Nick Warrell.

He added that the company remained on track to generate drill targets on its gold project and advance its Ferensola coltan project to the point where bulk sampling for metallurgical testing could start.

“We understand that, should the results of our current and future coltan exploration programmes prove successful, metallurgical bulk samples of up to an aggregate 2 000 t can be exported for analyses.

“Further, it would then be our intention to apply for a small-scale mining licence for both Ferensola and Tanyareh, should the Tanyareh licence application prove successful, over an area of up to 100 ha,” Warrell noted.

The company expected the licence application programme to be completed by October.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 0.87s - 140pq - 2rq
Subscribe Now