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Oman Copper Gold - Project Update
Oman Copper Gold - Project Update.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6670P Savannah Resources PLC 22 February 2016 \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n22 February 2016\nSavannah Resources Plc\nOman Copper Gold - Project Update\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company, announces the remaining results from the reverse circulation ('RC') and diamond drilling programme completed at Blocks 4 and 5 in Oman, which are prospective for copper and gold. In addition, the Company has completed the preliminary compilation of data from the historic Lasail deposit in Block 4, which is the largest historical mine in Oman. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project and is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence. To view the press release with the illustrative maps and diagrams please use the following link:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/6670P_-2016-2-20.pdf\n \nHIGHLIGHTS:\n· Block 4 and 5 RC/diamond drilling programme completed on 30 December 2015, with results returned from the remaining seven holes which included one re-drill of an abandoned hole\n· Further encouraging results include:\no 16m at 0.85% copper, from 105m in 15B5DD006 at Mahab 4, Block 5\no 9m at 0.5% copper and 2g/t gold from 4m in 15B4RC009 at Gaddamah, Block 4\n· Data compilation of historic drill results for 155 holes (18,745m) at the previously producing Lasail Mine has highlighted a number of potential mining opportunities. Significant results identified to date include:\no 16.8m at 3.1% copper from 86.37m in hole 2-29\no 15.8m at 3.9% copper from 0m in hole MOB197-007 (horizontal underground hole)\no 15.25m at 2.54% copper from 59.94m in hole 2-31\no 56m at 1.52% copper from 103m in hole 2-2\n \n· Results received to date for the first nine holes drilled by Savannah (previously announced) include:\no 9m at 4.86% copper, 1.54% zinc, 1.3g/t gold and 37.3g/t silver from the Dog's Bone target at Aarja in Block 4\no 6.6m at 6.92% copper, 5.6% zinc, 0.3g/t gold and 23.8g/t silver at Mahab 4 in Block 5\n· Past results from previous exploration of the high-grade (>5% cop...