Savannah Resources plc (AIM: SAV) (‘Savannah’ or ‘the Company’) announces that positive preliminary results from the completed Versatile Time Domain Electromagnetic (‘VTEM’) survey indicate that there are potential clusters of Volcanic Massive Sulphides (‘VMS’) within the Block 4 copper-gold project (“the Project’), located in the strongly mineralised Semail Ophiolite in northern Oman (Figure 1). Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 license.
Savannah’s CEO, David Archer said, “The VTEM survey over Block 4 has allowed us to dramatically shorten the process of identifying high priority massive sulphide copper targets, both brownfield and greenfield. We have moved much closer to our objective of discovering copper orebodies which, either in aggregate or individually, can be mined in this very favourable infrastructure setting. ”
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VTEMmax survey has identified an untested potential northern extension of the zone which was obscured from historical airborne surveys by a powerline crossing the northern part of the property
The correlation of the preliminary ZTEM and seismic data is very encouraging at Esso West and this combination of surveys will aid in drill targeting.
A 12,000-meter to 14,000-meter diamond-drill program is being planned to test for the feeder zones for the near-surface epithermal gold mineralization and the porphyry system at depth using the three-dimensional geophysics interpretation of the BAM Project.
“The start of our exploration program on the recently acquired Charcoal and Castor uranium projects is an exciting development for Cosa.”