Savannah Resources PLC: Drilling Programme in Oman Targeting Copper Resource Extensions

21.09.2018  |  DGAP

HIGHLIGHTS:

• A 12 hole, 1,065m, drill programme underway at two prospective deposits - Bayda and

  Hara Kilab

• Targeting extensions to the existing mineralisation and to build upon current resources in

  line with strategy to feed a hub and spoke mine development

  o Awaitinganticipateddecisions for Mining Leaseapplications for Mahab4 and Maqail South

• Bayda: a two hole diamond drill programme, totalling 560m, to test the area immediately below the historical intersection of 12.5m at 2.9% Cu from 185m (OMCO 32-141) in an interpreted mineralised envelope potentially up to 50m wide

• Hara Kilab: a 10 hole, 515m drill programme has been designed to convert the current mineralisation into a Mineral Resource Estimate and target potential extensions both along strike and down dip of the existing mineralisation, including a historical drill hole which intersected 9.15m @ 2.78% Cu and 0.39% Zn (11-4)

• Drilling is expected to be completed in Q4 2018

  Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah' or the 'Company'), announces that a diamond drilling programme has commenced at both the Bayda (Block 4) and Hara Kilab (Block 5) deposits in the Sultanate of Oman. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project and is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence.

  Savannah's CEO, David Archer said: "As we move closer to the anticipated grant of Mining Leases over both the Mahab 4 and Maqail South copper deposits, we are looking at defining further Mineral Resources that could provide supplemently feed to a hub and spoke mine development centered around the copper deposits located on Blocks 4 and 5. The current programme is focussing on two of the more promising deposits that, to date, have received only limited contemporary drill testing."

  To view the press release with the illustrative maps and diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/3276B_1-2018-9-19.pdf