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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Surveys Will Advance Key Lake Area Exploration Strategy Targeting Basement-Hosted Uranium Discovery
Bayhorse Silver Inc, has received from Geotech its magnetic structural interpretations and structural complexity analysis of its recent survey from the Bayhorse Idaho/Oregon Geophysics Project area.
This trend encompasses 5 priority exploration targets for Cu-Au and Cu-Mo that delineate potential porphyry centres
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