Savannah Resources: drilling underway at high priority targets

PUBLISHED: 04 Nov 2015 @ 19:00 | Comments (0) |

Drilling Underway at High Priority Targets Block 4, Semail Ophiolite Belt, Oman

Savannah Resources (LSE:SAV) has commenced the drilling of selected new VTEM targets and historical copper results around the Aarja Prospect in the Block 4 permit area.

Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project by undertaking exploration activities on behalf of Al Thuraya. To view the press release with the illustrative maps and diagrams please use the following link:

HIGHLIGHTS:

· 10 hole RC/diamond programme targeting the Aarja, Zuha and Gaddamah prospects has commenced
· High Priority VTEM targets #4 (Aarja) and #13 (Zuha) will be drilled to test for VMS mineralisation
· Drill testing the depth extents of the gossan at the southern end of the Aarja pit which returned a trenching result of 14.5m at 8.03g/t gold and 0.9% copper (AJT001)
· Drill testing at the Gaddamah Gossan following up encouraging trenching results like 7.7m at 11.35g/t gold, 1.45% zinc and 0.40% copper in GDT01
· Confirmation drilling targeted at the historical drill results in the Aarja Main and Dog Bone zones as a precursor to a JORC resource estimate

o Aarja Main – 18.58m at 4.7% copper from 143m (hole 10-23)
o Dog’s Bone – 33.8m at 3.35% copper from 153.1m (hole AEX-39)

· To date a total of 6 holes (603m) of the planned 7 hole programme at the Aarja Prospect have been completed
· Drilling has been slower than expected due to some equipment breakdowns and is scheduled to continue for a further 2 weeks

Savannah’s CEO, David Archer said, “This new drill programme marks the start of a very exciting new phase for Savannah and our joint venture partners Al Thuraya as we begin drill testing some of the highly prospective exploration targets and begin work to confirm the historical drill results. Given the strength of the new VTEM targets and their favourable location within the geology we think our chances of a new discovery are very good. Drilling to verify the historical data will also commence and if successful we plan to complete a maiden JORC compliant mineral resource estimate before the end of the 2015 calendar year.”

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