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Savannah Resources Plc Drill Results

Savannah Resources plc LON:SAV has this morning announced drill results from its Block 4 and 5 copper projects in the prospective Semail Ophiolite belt in Oman, which intersected volcanogenic massive sulphide style mineralisation.

 

Result Highlights:

 

  • A five hole (778.60m) diamond drill programme to test a series of high calibre ground Electromagnetic (EM) anomalies completed at the Sarami West (Block 5) and Ghayth (Block 4) prospects
  • Drilling at the Block 4 Ghayth prospect confirmed the presence of VMS mineralisation intersecting both massive and disseminated copper sulphides with best results including: 1.15m at 3.6% copper from 35.5m in 15B4DD001
  • These results build upon historical results which include:
    15.27m at 6.2% copper from 47.8m in G31-2 (true width approximately 5m)
    4.29m at 7.2% copper from 37.53m in G31-6
  • Further drilling planned at Ghayth to define full extent of mineralisation and potential resource
  • Drilling at the Sarami West anomaly on Block 5 failed to locate the targeted EM anomalies, but intersected a strong alteration system similar to those seen around the margins of VMS deposits
  • Planning for a downhole EM survey, which will confirm and provide an accurate location of the original EM anomalies, is now underway to optimise targeting of further drilling
  • Exploration work continues to assess the promising, near surface gold potential of Block 4

 

David Archer CEO at Savannah Resources plc LON:SAV  said, “We are pleased to confirm VMS mineralisation at Ghayth (Block 4), which continues to provide strong indications that an economic copper deposit could be present.  Whilst we have not yet intersected copper mineralisation at Sarami West, the results clearly highlight that we are hunting in the right area as we are seeing strong evidence of an alteration system that could host VMS mineralisation. It is common in base metal exploration for a downhole EM survey to be required after the initial drilling to provide a more accurate location of the EM anomaly and we look forward to commencing this, with planning currently underway in order to maximise future targeting. Importantly, Blocks 4 and 5 remain well-endowed to provide additions to our copper resource inventory of 1.694Mt at 2.2% copper. We are targeting the most prolific copper production region of Oman and are confident that we will build a mineral resource inventory that will support a copper mine development.”