For thousands of other reports visit RSC's Mineral Intellingence Map
Savannah Resources Plc
Summary
| Project: | Block 5 | |
|---|---|---|
| Deposit: | Mahab 4, Maqail South | |
| Location: | Oman | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 9/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-9-2016: Savannah Resources Plc announces an Exploration/Drilling Update report for its Mahab 4, Maqail South deposit at the Block 5 project. JV - drilling results incl. 25.63m @ 2.66% Cu, 0.1g/t Au from 49.37m at Maqail South. Savannah Resources plc (A | |
| 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 it has now received further results from the ongoing drill programme over its highly prospective Block 4 and 5 properties in the Sultanate of Oman, which are prospective for copper and gold. 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. David Archer, Savannah’s Chief Executive Officer said today “The broad, high grade copper intersections outlined by the drilling underscore the very appealing, early development potential of the Block 4 and 5 licences in Oman. The Mahab 4 and Maqail South deposits in Block 5 already have a current Indicated and Inferred Mineral Resource of 1.7Mt at 2.2% copper and these recent drill results further underpin our confidence in their potential.” “The drilling is part of a wider set of preliminary studies being undertaken, with the intention that a central processing facility can be established to support the development of multiple, geocentric deposits. A broad, lower grade copper intersection was drilled at Bayda in Block 4, with the results consistent with our understanding of this deposit. We will continue to target this deposit as a potential larger tonnage, lower grade deposit alongside the higher grade Block 5 targets, as we continue to target production in late-2017.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report