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Savannah Resources unearths new gold traces in Oman

Last updated: 18:11 13 Mar 2015 AEDT, First published: 19:11 13 Mar 2015 AEDT

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Mapping and chip sampling has identified new areas of gold as well as copper at Block 4 in Oman, Savannah Resources (LON:SAV) said today.

The exploration work pointed to a number of new anomalies. The rock chips included one with 5.7% copper and another containing 3.7g/t gold with the Gaddamah prospect in particular producing a large number of anomalous samples.

Historical drilling had already indicated gold and copper were present in reasonable quantities at Gaddamah.

Savannah is also carrying out diamond drilling at both the Sarami (Block 5) and Ghayth (Block 4) prospects in Oman with five of a 10 hole diamond drill programme completed to date. 

David Archer, chief executive, described the gold mineralisation as “highly exciting”.

“We see these unexplained gold anomalies, especially Gaddamah, which is located close to the old Lasail (9.2Mt at 1.6% copper) and Lasail West (0.4Mt at 1.0% copper) copper mines, as significant opportunities and we intend to analyse and evaluate these prospects further over the coming months.”

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