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High Grade HMS Mineralisation Confirmed at Ravene
High Grade HMS Mineralisation Confirmed at Ravene.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9872X Savannah Resources PLC 28 February 2017 \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n28 February 2017 \n \nSavannah Resources Plc\nHigh Grade HMS Mineralisation Confirmed at Ravene, Mutamba Project, Mozambique\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to confirm that is has identified significant zones of high grade total heavy mineral ('THM') mineralisation at the Ravene deposit in Mozambique. This follows the receipt of drill results from recent work undertaken by Savannah alongside the compilation and verification of legacy drill work undertaken by Rio Tinto (Figures 1). The Ravene deposit forms part of the Mutamba Mineral Sands Project, being explored by Savannah and Rio Tinto as part of a consortium agreement (the 'Consortium'). To view the press release with the illustrative maps and diagrams please use the following link:\nhttp://www.rns-pdf.londonstockexchange.com/rns/9872X_-2017-2-27.pdf \n \nHIGHLIGHTS:\n· Compilation and verification of legacy Rio Tinto drilling was completed highlighting significant zones of high grade THM mineralisation \n· Significant Rio Tinto results at 5% THM cut off include:\no 12m at 15.4% THM from surface in hole 2762\no 18m at 9.1% THM from surface in hole 2807\no 21m at 7.9% THM from surface in hole 2812\no 45m at 7.7% THM from surface in hole 2593\no 27m at 6.4% THM from surface in hole 2757\n· Infill drilling carried out by Savannah for 107 drill holes for a total of 2,914m has successfully confirmed the zones of high grade THM mineralisation\n· Significant Savannah results at a 5% THM cut off include:\no 12m at 10.5% THM from surface in hole 5000\no 12m at 8.7% THM from surface in hole 4952\no 15m at 8.1% THM from surface in hole 4946\no 27m at 7.1% THM from surface in hole 4946\no 36m at 6.5% THM from surface in hole 4932\n· Drilling confirmed the existence of two mineralised zones of heavy mineral concentrations >5% THM at Ravene, with the main zone having a length of 3.5km and widths up to 1.5km\n· Results will be used to estimate an initial Inferred Mineral Resource over the Ravene depo...