Savannah Resources completes drilling programme in Mozambique

2nd Jul 2014 10:37

Savannah Resources has completed a scout drilling programme at its Jangamo project in southern Mozambique.The AIM-listed exploration group expects grid drillout to begin in August, which could help define a potential JORC compliant Mineral Resource by the end of the year.Savannah's focus of the drilling was to locate high grade mineralisation close to the surface, with results expected to arrive in coming weeks. Final airmagnetic results are due for delivery in July.Drilling carried out at the site has been successful in outlining areas of high concentrations of heavy minerals, the group said. Chief Executive Officer David Archer said: "Importantly, based on visual estimations of the drill spoils, the second round of drilling has been successful with six major anomalous zones delineated within the Project area."As of 11:18 the share price was unchanged at 4.25p.WS