Savannah Resources Plc (LON:SAV) has started three more electromagnetic surveys to identify drill targets at its copper projects in Oman.
Lasail, Bayda and Mahab 4 will be surveyed with results from all three due in the first quarter of next year.
David Archer, Savannah’s chief executive, said Lasail in particular was potentially a very large system in an area that historically was a significant copper producer.
“VMS (volcanogenic massive sulphide) deposits tend to occur as clusters so we believe that there is a strong possibility there might be an extension or a repeat of the existing deposits in the highly prospective Lasail, Bayda and Mahab 4 project areas.”
Recent drill results from Oman have been encouraging for Savannah.
In October, six holes at the Mahab 4 area and four holes at Maqail South, in Block 5, showed “some of the broadest and highest-grade results at the project to date”, Savannah said.
So far the high grades have indicated 1.7mln tonnes of resources with 2.2% copper.