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Ravene Drill Programme Completed at Mutamba
Ravene Drill Programme Completed at Mutamba.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6592V Savannah Resources PLC 01 February 2017 \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n1 February 2017\n \nSavannah Resources Plc\nRavene Drilling Programme Completed at Mutamba Project, Mozambique\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), announces that it has completed drilling at the Ravene deposit in Mozambique (Figures 1-3 - See PDF), which forms part of the Mutamba (mineral sands) Project, being developed 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: \n \nhttp://www.rns-pdf.londonstockexchange.com/rns/6592V_-2017-1-31.pdf\n\n \n \nHIGHLIGHTS:\n· Completed a total of 107 drill holes for a total of 2,914m at the Ravene deposit over a 21km strike of potentially mineralised sand dunes\n· Targeted high-grade zones where past drilling has returned results of up to 14.7% Total Heavy Minerals ('THM')\n· Drilling was carried out on a 1,000m x 500m grid to infill existing drilling carried out by Rio Tinto previously\n· Results will be used to estimate an initial inferred resource over the Ravene prospect to potentially increase the Mutamba Project's recently defined initial Indicated and Inferred Mineral Resource Estimate of 3.5 billion tonnes at 3.8% THM\n· All samples from the drilling are currently being analysed for their heavy mineral concentration\n· The analysis is expected to be completed in February with results available thereafter\n· The results of the resource estimation will be fast tracked and included into the commissioned scoping study, which is currently underway\n \nSavannah's CEO, David Archer said: \"The completion of this fast-paced resource definition drilling programme highlights the capabilities of Savannah's in-country operations team. The programme was planned to more precisely define the high-grade zones of THM at the Ravene deposit, which we believe could increase the current global Indicated and Inferred Mineral Resource inventory of 3.5 billion tonnes at 3.8% THM at the Mutamba Project North. We look forward t...