StockMarketWire.com - Savannah Resources said six drill holes have now been completed and assay results from two holes have been received from the ongoing drill programme over its highly prospective Block 4 and 5 properties in the Sultanate of Oman, which are prospective for copper and gold.

Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project and is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence.

HIGHLIGHTS:

- To date a total of six diamond drill holes for 797m have been completed at Maqail South (three drill holes) in Block 5 and at the Dog's Bone (which is part of the Aarja target - one drill hole) and Bayda (two drill holes) prospects in Block 4

- Drilling has been slower than expected due to technical difficulties with the drill rigs and the holy month of Ramadan

- Drilling aiming to: Increase and upgrade current Mineral Resource at Maqail South and Mahab 4, which have a current Indicated and Inferred Mineral Resource of 1.7Mt at a grade of 2.2% copper; Further define resource potential at Dog's Bone and Bayda which were parts of previously producing copper mines

- Results from the first two drill holes have now been received

- The first Maqail South hole (16B5DD002) has confirmed the dimensions and grade of existing resource with an intercept of 2m at 6.84% copper and 0.3g/t gold from 47.5m.

- The Dogs Bone hole confirmed the position of known mineralisation and validated historical drilling with an intercept of 5.75m at 1.84% copper and 0.8g/t gold from 109.3m (16B4DD001).

- A revised geological interpretation of Dog's Bone and Aarja is being completed to allow for further targeting of depth extensions to mineralisation.

- Drilling at Mahab 4 is scheduled to commence within the next week.

- An updated mineral resource estimate for both Maqail South and Mahab 4 will be released in Q4 2016

- Drilling will also assist the completion of initial geotechnical and metallurgical testwork at both Block 4 and 5, which will feed into feasibility studies and ultimately Ore Reserves as the Company continues to target production in late-2017.






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