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Savannah Resources Plc
Summary
| Project: | Block 4 | |
|---|---|---|
| Deposit: | Dogs Bone | |
| Location: | Oman | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 2/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2017: Savannah Resources Plc announces an Exploration/Drilling Update report for its Dogs Bone deposit at the Block 4 project. JV - drilling results incl. 6.1m @ 6.8% Zn, 1.4g/t Au, 84g/t Ag, 0.185 Cu from 72.9m. Savannah Resources plc (AIM: SAV) (‘S | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dale Ferguson (Internal) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV) (‘Savannah’ or ‘the Company’), the AIM quoted resource development company, announces that the results of high powered electromagnetic surveys (’EM’) completed at its highly prospective Block 4 and 5 properties (Figure 1) in the Sultanate of Oman have now been received and evaluated. In addition, results from the recent Dog’s Bone drilling programme have been received and evaluated. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 licence and is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence. David Archer, Savannah’s Chief Executive Officer said today “We continue to be encouraged by the exploration results on our Block 4 and 5 projects and the opportunities that potential extensions of both the Lasail and Mahab 4 provide. Work is continuing on these and other projects to identify further opportunities to expand the existing resource base of 1.7Mt at 2.2% copper as we push towards production in Oman.” Dog’s Bone is a lens of high-grade massive sulphide that is situated above the mineralisation that was mined at the historic Aarja Mine between 1988 and 1994 by OMCO producing about 2.6Mt at a grade of 1.4% Cu. A three hole drilling programme totalling 359m. Drilling intersected a zinc rich zone as opposed to the expected copper rich zone which has been expected to date at Dog’s Bone. A detailed study of the Dog’s Bone lode utilising the services of a VMS and structural expert which is expected to be followed by further drilling to further define the lode. | |
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