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FINANCIAL NEWS
UK’s Savannah marks huge leap in Oman’s drilling program
10 Dec 2015
(MENAFN) Savannah Resources, the London-based multi-commodity exploration and Development Company, has announced testing results of high-grade copper, zinc and gold from its latest drill in Oman.
The inspection did not show any gold previously, therefore this valuable founding and the outcomes from the program will be used to develop a copper concentrate production scheme from late 2017.
Savannah is focused on advancing the Jangamo Heavy Mineral Sands Project in a world class mineral sands region in Mozambique, and two highly prospective copper blocks in mineral rich Oman.
“Our next steps will include defining Exploration Targets for the Aarja, Bayda and Lasail Mines within the Block 4 and 5 areas and then moving these into JORC compliant Mineral Resources,” said the firm’s CEO.
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