Airborne VTEM and Magnetic Survey Commenced over Block 4 Copper-Gold Project, Semail Ophiolite Belt, Oman

Savannah Resources plc (AIM: SAV) (‘Savannah’ or the ‘Company’) advises that a Versatile Time Domain Electromagnetics (‘VTEM’) and airborne magnetic survey has commenced over the Company’s Block 4 copper-gold project in Oman (Savannah earning 65%).

OVERVIEW:

A 3,667 line km VTEM and airborne magnetic survey has commenced over the majority of Block 4 – expected to take around 4-5 weeks to complete (Figure 1-2)

Block 4 includes over 35km in strike of prospective ophiolite with multiple prospective copper-gold contacts identified

Significant opportunity – Block 4 is a prime target for the application of VTEM – first time VTEM has been applied to the Block

All new copper discoveries in Oman over the past 10 years have largely come out of the application of VTEM

Proven regional success with VTEM survey – in 2009 in neighbouring Blocks 1 and 2, VTEM survey discovered over 11Mt of new copper mineralisation, identifying massive sulphide orebodies with no surface outcrop

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Category: News Story

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