Savannah Resources PLC Drilling Underway of High Priority Targets, Oman (1470C)

TIDMSAV

RNS Number : 1470C

Savannah Resources PLC

14 October 2015

Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining

14 October 2015

Savannah Resources Plc

Drilling Underway of High Priority Targets

Block 4, Semail Ophiolite Belt, Oman

Savannah Resources plc (AIM: SAV) ('Savannah' or the 'Company') advises that a 10 hole, 965m reverse circulation drilling programme of selected new VTEM targets and historical copper results, including the Aarja and Gaddamah prospects and VTEM Targets #4 and #13 in the Block 4 permit area in Oman, has commenced.

Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project ('the Project') by undertaking exploration activities on behalf of Al Thuraya.

Competent Person

The information in this announcement has been reviewed by Mr Dale Ferguson, Technical Director of Savannah Resources Limited. Mr Ferguson is a Member of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code).

**ENDS**

For further information please visit www.savannahresources.com or contact:

 
    David Archer                      Savannah Resources plc          Tel: [phone] 
                                                                       5019 
    David Hignell / Gerry Beaney      Northland Capital Partners      Tel: [phone] 
     (Nominated Adviser)               Ltd                             1100 
    Jon Belliss / Elliot Hance        Beaufort Securities             Tel: [phone] 
     (Corporate Broker)                Ltd                             8300 
    Felicity Winkles/ Charlotte       St Brides Partners Ltd          Tel: [phone] 
     Heap                                                              1177 
 

**ENDS**

Notes

Savannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity, exploration and development company.

Savannah has agreed to acquire 100% of Matilda Minerals Limitada which currently operates the Jangamo exploration project, and has agreed with Rio Tinto to form a joint venture in Mozambique to develop the combined Mutamba/Jangamo Project. On 31 December 2014 Savannah announced maiden, 65Mt Inferred Mineral Resource @4.2% total heavy minerals ("THM") at a 2.5% cut-off grade for Jangamo. The Mutamba, Dongane and Chilubane deposits have a combined exploration target of 7-12Bn tonnes at 3-4.5% THM (published in 2008).

Savannah has interests in three copper blocks in the highly prospective Semail Ophiolite Belt in Oman. The projects, which have an Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% copper and high grade intercepts of up to 56.35m at 6.21% Cu, with additional gold upside potential, provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper and gold producer in a relatively short time frame. Together with its Omani partners, Savannah aims to outline further mineral resources to provide the critical mass for a central operating plant to develop the deposits.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 14, 2015 02:00 ET (06:00 GMT)