Northland Capital partners view on Savannah Resources: The Block 5 drilling is a resource extension programme with two sections planned to the north of the defined mineralisation. Two holes will be drilled in each section, one above and one below, the defined mineralisation. As such, the drilling should represent a relatively easy win for Savannah Resources to increase the size of the 1.5mt at 2.1% Cu mineral resource estimate. With two drill programmes in Oman underway, Savannah is highly active while other peers are subdued.
Drilling commences at Block 5 |
n Savannah Resources has commenced a 4 hole (570m) diamond drill programme targeting high grade copper zones around the Mahab 4 deposit on the Block 5 permit, located in Oman.
n The drill programme is targeted at increasing the current mineral resource estimate of 31,500t of contained copper at a grade of 2.1% Cu. |