Airborne VTEM and Magnetic Survey Completed 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 over the Company’s Block 4 copper-gold project in Oman (Savannah earning 65%), utilised for identifying new copper deposits, has been completed.

OVERVIEW:

  • A 3,667 line km VTEM and airborne magnetic survey over the majority of Block 4 has been completed (Figure 1-2)
  • Proven regional success with VTEM survey – in 2009 in neighbouring Blocks 1 and 2 (owned by Mawarid Mining LLC), a VTEM survey identified conductive anomalies with no surface outcrop leading to the discovery of over 11Mt of new copper mineralisation
  • Processing, interpretation and targeting of the new VTEM data is expected to take around six weeks to complete
  • Intention to build upon existing Mineral Resource inventory of 1.7Mt @ 2.2% copper at Savannah’s Block 5 in Oman
    Savannah’s

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Category: News Story
Tags: Minerals, Magnetic (Helicopter and Fixed Wing), VTEM™ (Versatile Time Domain Electromagnetic) System

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