Northland Capital partners view on Savannah Resources: With this drill programme Savannah Resources and joint venture partner Al Thuraya LLC is targeting a combination of greenfield targets based on VTEM anomalies and brownfield targets where mineralisation has historically been defined. The brownfield targets a relatively lower risk and are expected to lead to a compliant mineral resource estimate before the end of the year. While the greenfield targets are relatively higher risk, a discovery would not only provide a potential resource expansion target but it would also validate Savannah’s exploration methods boding well for the testing of other greenfield targets.
| Drilling to commence at Block 4 |
| n Savannah Resources has commenced a ten-hole reverse circulation drill programme of selected VTEM and historic copper occurrences around the Aarja Prospect in Block 4.
n Six out of seven holes have been completed on three targets within the Aarja Prospect. One hole is designed to test VTEM target #4, the top priority VTEM target. Three holes are designed to confirm the historic Dog’s Bones mineralisation as a precursor to mineral resource estimation. Historic results at Dog’s Bone include 33.8m at 3.35% Cu from 153.1m (AEX-39). Three holes are designed test the high grade gold discovered from trenching at the southern end of the Aarja pit where results include 14.5m at 8.03g/t Au and 0.9% Cu (AJT001). n One hole will test VTEM target #13 in the Zuha Prospect. n Two holes will test the down dip extensions of the surface sampling completed at the Gaddamah West Gossan where historic trench results include 5m at 18.49g/t Au, 1.7% Zn and 0.53% Cu (GDT08), 4.9m at 18.82g/t Au, 0.96% Zn and 0.76% Cu (GDT02) and 7.7m at 11.35g/t Au, 1.45% Zn and 0.4% Cu (GDT01). n Drilling has been slower than expected due to equipment breakdowns and is expected to continue for an additional two weeks. |
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