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Salahi 1 Continues to Return High Grade Gold Results – Block 4, Semail Ophiolite Belt, Oman
Savannah Resources plc (AIM:SAV) advises that it has identified further high grade gold mineralisation at the Salahi 1 Prospect at its Block 4 copper-gold project in Oman.
The results follow completion of additional rock chipping and trenching as part of the geologically mapping of Block 4. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 licence project. To view the press release with the illustrative maps and diagrams please use the following link:
HIGHLIGHTS:
· Block 4 gold potential increased by the identification of further high grade gold mineralisation between the Salahi Main Gossan and Salahi North Prospects (Figure 2)
· Individual grab samples produced results of up to 13.9g/t gold
· Significant trench sampling results include 12m at 11.87g/t gold in SCH16 (previously reported)
· Anomalous gold results have now been identified over 1km along strike, with widths up to 26m and remains open to the north and south providing significant further upside potential
· Additional sampling now being planned to further define the extent of the mineralisation as a precursor to drilling to define the strike and depth extents of the mineralisation
Savannah’s CEO, David Archer said, “Further geological mapping and rock chips sampling continues to highlight the significant gold potential of the Salahi 1 prospect. With grades of up to 13.9g/t gold returned from this recent campaign, we remain confident that Block 4 has the potential to host significant gold mineralisation. The large zone of gold mineralisation defined at Salahi 1 has good strike length and width, and importantly remains open along strike to the north and south. The exploration team will continue to sample and conduct geological mapping of the project area in order to determine the most prospective targets for drilling. Importantly, Block 4 is prospective for both gold and copper, so in conjunction with our gold exploration activity, we continue to define the licence’s outstanding copper potential. With multi-commodity upside opportunity, a strategic location close to established infrastructure and a defined development path, Block 4 and our wider Omani portfolio represents a strategic investment opportunity and I look forward to the opportunities available to us.”
Rock Chip Channel Sampling Programme
The sampling at Salahi 1 was concentrated on two main areas, the Main Gossan area and the North Gossan, which outcrops about 1km to the north of the Main Gossan.
Salahi 1 North Gossan
Following the trench sampling and surface rock chip samples, that were collected in May and June 2015 (and reported on 5 May and 3 June 2015), a small programme of mapping and sampling was subsequently completed to try and locate the position of gossanous material between the Salahi Main Gossan and the Salahi North Gossan. Several gossanous outcrops were identified and sampled. Ten samples were collected with several elevated values returned with a maximum of 13.9g/t gold.
The mapping and sampling indicated that there is some continuity of the gossanous zones. Further, more detailed mapping is now required to determine the exact mineralised positions prior to drill testing.
