Business
Scout Drilling Programme Completed at Jangamo
Scout Drilling Programme Completed at Jangamo.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2071L Savannah Resources PLC 02 July 2014 \n \n\nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n2 July 2014\nSavannah Resources Plc\nScout Drilling Programme Completed - Jangamo Project\n \nSavannah Resources plc (AIM: SAV) announces that it has completed a scout drilling programme 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: \n \n \nHighlights:\n \n· The 2014 scout drilling programme is now complete, targeting eastern and western dune systems with 96 drill holes for a total of 3,990m drilled\n· Visual estimations of HMS in the drill spoils suggest that the drilling to date has defined six major anomalous zones within the project area\n· Drill samples sent for analysis with results due in coming weeks\n· Further analysis based on the recently acquired airborne magnetic data suggests in excess of 20 significant, multi-kilometre long strandlines could be present within the highly prospective eastern and western dune systems\n· Final airmagnetic results are due for delivery during July 2014\n· Grid drillout due to commence in August to help define a potential JORC compliant Mineral Resource by year end\n· World class province- Jangamo is adjacent to Rio Tinto's major Mutamba1 mineral sands deposit which, along with another licence area in Mozambique, has an exploration target of 7-12 billion tonnes at 3-4.5% THM\n \nSavannah's CEO, David Archer said, \"With our second scout drilling programme at Jangamo now complete we are pleased to report that these fast-paced and well executed exploration programmes mean we remain on target to define a potential maiden, JORC compliant Mineral Resource by the end of 2014. The lead up to this will be a close spaced grid drilling programme scheduled to start in August.\n \n\"Importantly, based on visual estimations of the drill spoils, the second round of drilling has been successful in outlining areas of high concentrations of heavy minerals with six major anomalous zones delineated w...