(MENAFN- ProactiveInvestors)Savannah Resources (LON:SAV) has identified a number of high priority exploration targets at Block 4 in Oman following a recent airborne survey. The explorer has also raised £0.55mln to start work on a resource definition and scoping study at the Mutamba/Jangamo mineral sands joint venture with Rio Tinto in Mozambique. In Oman ten Priority 1 and 33 Priority 2 VTEM anomalies were identified from the metal detection survey with three major potential volcanic massive sulphide clusters defined. Drilling of the some of the priority 1 targets will start in the current quarter David Archer chief executive said. "The VTEM survey over Block 4 has allowed us to dramatically shorten the process of identifying high priority massive sulphide copper targets both brownfield and greenfield. 'A string of strong priority 1 VTEM anomaly responses were identified around the Lasail VMS deposit while more priority targets are clustered around the old copper mines at Aarja and Bayda and further south in the greenfields Zuha area. Savannah's aim is to develop its interests in Oman into a significant mid-tier copper producer utilising a central processing facility to support the development of a set of satellite deposits. The placing was at 2.5p per share.
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