Savannah complete Mozambique drilling at Jangamo

PUBLISHED: 03 Oct 2014 @ 04:10 | Comments (0) |

Phase 3 Drilling at Jangamo Project Now Complete, Mozambique

Savannah Resources (LSE:SAV) announces that it has now completed the third round of scout drilling and the first round of resource drilling totalling 1,920m at its highly prospective, 180km² Jangamo heavy mineral sands project, located in a world-class1 mineral sands province in southern Mozambique.

Highlights:

· Scout drilling targeting the 15km western strandline target and a grid drill out over two of the eastern area higher grade HMS zones has been completed
· Visual HMS mineralisation identified in many of the holes of both the resource and scout drilling programme suggests the potential to outline several major zones of HMS mineralisation
· Samples have been dispatched to the lab with analysis results expected in 6-8 weeks
· On track to define a potential JORC Mineral Resource in late 2014

Savannah’s CEO, David Archer said, “The continued identification of visual signs of HMS mineralisation in the drilling programme is highly encouraging and we look forward to reporting the analysis results which we expect to start receiving in the next 6-8 weeks. The early signs from this recent drill programme continue to encourage us as we work towards defining a maiden JORC compliant Mineral Resource towards the end of the year.”

Next Steps

The next steps for the Project are:

· Further scout drilling of combined magnetic and radiometric anomalies
· Detailed grid drilling and assaying of newly identified potential higher grade zones
· Potential delineation of a JORC compliant Mineral Resource
· Metallurgical test work programme on HMS

Savannah is currently on track to deliver all these outcomes during the 2014 exploration programme.

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