Sierra Leone-focused explorer Sula Iron & Gold says that its main project is ready for drilling.
Mapping and reconnaissance work produced positive results. A 2,000 metre drilling programme is planned and a JORC compliant resource should be available before the end of 2013.
At 5.38p a share, 4.9% ahead on the day, Sula is valued at £6.54m.
Sula has appointed Beaufort International as joint broker with Northland. Merchant Securities stopped being joint broker just before the end of 2012.
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