17th Sep 2015 07:23
LONDON (Alliance News) - Savannah Resources PLC on Thursday said it has identified further high grade gold mineralisation at the Salahi 1 prospect at the Block 4 copper-gold project in Oman.
The gold potential of the site has been increased by the identified of high grade mineralisation between the Salahi Main Gossan and Salahi North Prospects. Tests found grades in the prospect area of up to 13.9 grams per tonne of gold.
"Further geological mapping and rock chips sampling continues to highlight the significant gold potential of the Salahi 1 prospect. With grades of up to 13.9g/t gold returned from this recent campaign, we remain confident that Block 4 has the potential to host significant gold mineralisation," said David Archer, Savannah's chief executive.
Shares in Savannah were up 4.1% to 2.03 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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