Savannah on track to define Jorc-compliant Jangamo resource by end-2014
JOHANNESBURG (miningweekly.com) – Aim-listed Savannah Resources on Thursday said that it was on track to define a potential Joint Ore Reserves Committee- (Jorc-) compliant mineral resource for its 180 km2 Jangamo heavy mineral sands (HMS) project, in Mozambique, late this year.
The company noted that it had now completed the third round of scout drilling and the first round of resource drilling at the project, with visual HMS mineralisation having been identified in many of the holes of both the resource and scout-drilling programme, which suggested the potential to outline several major zones of HMS mineralisation.
“The continued identification of visual signs of HMS mineralisation in the drilling programme is highly encouraging and we look forward to reporting the analysis results which we expect to start receiving in the next six to eight weeks,” Savannah CEO David Archer commented.
In addition to defining a Jorc-compliant resource, the next steps for the project included further scout drilling, detailed grid drilling and assaying of newly identified, potential higher-grade zones and a metallurgical testwork programme on the HMS.
Savannah said it was currently on track to deliver all these outcomes during the 2014 exploration programme.
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