Business
Identified Higher Grade Heavy Mineral Sands Zones
Identified Higher Grade Heavy Mineral Sands Zones.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9580R Savannah Resources PLC 18 September 2014 \n \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n18 September 2014\nSavannah Resources Plc\nSignificant Zones of Higher Grade Heavy Mineral Sands Identified at Jangamo Project, Mozambique\n \nSavannah Resources plc (AIM: SAV) announces that it has now received the analysis results from the 3,990m scout drilling programme detailed in the 2 July 2014 RNS at its highly prospective, 180km² Jangamo heavy mineral sands (\"HMS\") project ('Jangamo' or 'the Project'), located in a world-class mineral sands province in southern Mozambique. To view the release with the illustrative map please use the following link:\nhttp://www.rns-pdf.londonstockexchange.com/rns/9580R_-2014-9-17.pdf \n \nHighlights:\n \n· Drilling confirmed five significant HMS mineralised zones within the Project area with the potential for higher grade HMS mineralisation ranging from 2 to 15km in strike length\n· Better results include: \no 33m at 5.9% HMS from surface including 12m at 9.2% HMS\no 33m at 5.1% HMS from surface including 12m at 7% HMS\n· Drilling results highlight higher grade HMS mineralisation with a peak result from one 3m composite of 10.3% HMS \n· Significantly much of the higher grade HMS mineralisation commences from surface\n· Additional scout drilling is now underway targeting the 15km western strandline target and a grid drill out of the four eastern higher grade HMS zones\n· On track to define a potential JORC Mineral Resource in late 2014\n \nSavannah's CEO, David Archer said, \"We are delighted with the results which meet our expectations - we're seeing very good grades of thick, near surface HMS mineralisation over excellent strike lengths. \n \n\"Drilling has already started on a major, 15km strandline in the western part of the Project area which is the longest combined airmagnetic and radiometric anomaly and remains largely untested. This will be followed by a drill-out of four discrete HMS zones identified in the east of the Project area which are shaping up to host a potential Mineral Resource.\n \n\"Although Jangamo is a large system, we are focused on defining a higher grade proje...