(MENAFN- Muscat Daily) Savannah Resources Plc on Wednesday confirmed gold mineralisation with associated copper mineralisation at the Salahi 1 prospect in Oman's Block 4.
The AIM-listed exploration and development company said the positive results follow a recently completed rock chipping trenching and geological mapping programme at Block 4 undertaken by Savannah on behalf of Al Thuraya LLC. Savannah holds a 65 per cent stake in Al Thuraya an Omani firm which holds the sole licence to Block 4.
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It said that gold mineralisation provides additional upside to Block 4's copper prospectivity.
Savannah's CEO David Archer said 'Al Thuraya and Savannah are very encouraged by the gold mineralisation observed at both the Gaddamah West target and now at Salahi 1 within the Block 4 project area. The zone of gold mineralisation defined at Salahi 1 has good strike length varying in width from 12m to 1m and importantly remains open along strike to the north and south.'
Notably at this early stage we are seeing some good gold grades which make this new prospect attractive Archer said. These gold prospects suggest there is potential for other metals within Block 4 in addition to its outstanding copper potential he added.
'In line with our active growth strategy our exploration team is on the ground at both Salahi 1 and Gaddamah West and remains focussed on further defining and expanding these gold zones. Work is continuing on the review and analysis of the historical database which to-date has highlighted many gold occurrences in Block 4. Al Thuraya and Savannah look forward to highlighting the resource potential of these key prospects in addition to identifying new ones' Archer said.
The sampling at Salahi 1 was concentrated on two main areas the Main Gossan area and the North Gossan which outcrops about 1km to the north of the Main Gossan. A total of 66 samples were taken from trench channel and grab samples.
Savannah has interests in three copper blocks (4 5 and 6) in the highly prospective Semail Ophiolite Belt in Oman. Savannah said that the projects which have an indicated and inferred mineral resource of copper with additional gold upside potential provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper and gold producer in a relatively short time frame.
Blocks 4 5 and 6 copper projects cover 1270sq km of the copper-rich Semail Ophiolite belt in Oman 180km west of Muscat.
Together with its Omani partners Savannah aims to outline further mineral resources to provide the critical mass for a central operating plant to develop the deposits.
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