AMN - MOZAMBIQUE/OMAN: Promising results for Savannah

Savannah Resources has identified significant zones of high grade total heavy mineral (THM) mineralisation at the Ravene deposit in Mozambique while in Oman recent survey work by the company has confirmed the depth potential at the Lasail and Mahab 4 copper targets.

The Ravene zones were identified in drill results from recent work undertaken by Savannah alongside the compilation and verification of legacy drill work undertaken by Rio Tinto.

Ravene forms part of the Mutamba mineral sands project, being explored by Savannah and Rio Tinto as part of a consortium agreement.

Results from this work program will be used to estimate an initial inferred mineral resource over the Ravene deposit, which Savannah believes could increase the current global indicated and inferred mineral resource inventory of 3.5 billion tonnes at 3.8% THM at the Mutamba Project North. In parallel, Savannah’s scoping study to better determine the development potential of Mutamba continues to progress well.

Meantime, results of high powered electromagnetic surveys (EM) completed at Savannah’s highly prospective Block 4 and 5 properties in the Sultanate of Oman have now been received and evaluated. In addition, results from the recent Dog’s Bone drilling program have been received and evaluated.

The surveys confirm the potential that depth extensions to massive sulphide mineralisation could exist at both the Lasail and Mahab 4 targets. Work is continuing on these and other projects to identify further opportunities to expand the existing resource base of 1.7 million tonnes at 2.2% copper as Savannah pushes towards production in Oman.

www.savannahresources.com

News courtesy of International Mining