Northland Capital partners view on Savannah Resources PLC: The initial set of assay results from this drill programme at Blocks 4 and 5 were very promising for Savannah Resources, expanding the known high-grade mineralisation at Mahab 4, as well as confirming the high-grade nature of mineralisation at the Dog’s Bone Zone and the presence of significant levels of gold mineralisation that could add further upside. The final results from this drill programme remain on target by the end of January with a resource upgrade expected to follow in due course.
Savannah Resources (SAV.L) – CORP: Oman update |
Market Cap: £4.6m; Current Price: 1.6p |
Completion of drilling |
n Savannah Resources has completed RC and diamond drilling over Blocks 4 and 5, located in Oman.
n Ten RC holes (933m) and six diamond holes (833m) were completed. n Assay results from the first nine holes have been previously announced (09/12/15) and the remaining seven holes are expected to be announced by the end of January 2016. |