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Savannah Resources Plc
Summary
| Project: | Block 5 | |
|---|---|---|
| Deposit: | Mahab 4 | |
| Location: | Oman | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 11/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-11-2016: Savannah Resources Plc announces an Exploration/Drilling Update report for its Mahab 4 deposit at the Block 5 project. JV - drilling results incl. 14.25m @ 3.86% Cu, 0.22g/t Au, 0.62% Zn from 109.1m. Savannah Resources plc (AIM: SAV) ('Savanna | |
| Resources: | (Resource, I+I): 1.7Mt @ 2.2% Cu | |
| 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 final results for the resource drilling programme at the Mahab 4 prospect in Block 5, Oman have now been received. In addition, a new four drill hole drilling programme has commenced at the Aarja/Dog's Bone prospect in the highly prospective Block 4 licence area, Oman. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project and is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence. To view the press release with the illustrative maps and diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/2457P_-2016-11-15.pdf David Archer, Savannah's Chief Executive Officer said today "We continue to be encouraged by the broad high grade zones of copper mineralisation at both the Mahab 4 and Maqail South deposits. To further advance the mining studies around a potential mine development for late 2017, drilling is now underway at the Aarja prospect targeting the Dog's Bone zone. Drilling here is focused on getting this zone of mineralisation into a JORC compliant resource so that it can be considered as part of the potential mine development." The final hole at Mahab 4, 16B5DD018, was completed to a depth of 168.4m to collect geotechnical information about a possible decline path. The hole also intersected the main massive sulphide lens at 110m, with a 14m interval of massive sulphide at the planned position returning a result of 14.25m at 3.86% copper, 0.62% zinc and 0.22g/t gold. | |
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