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Savannah Resources awaits Jangamo drill results

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Savannah Resources (LON:SAV) has sent off drill samples from its Jangamo heavy mineral sands project in Mozambique to be analysed in Australia.

The AIM-listed company expects the results of the recent drilling will be available in the first half of February. 

Consultant Bureau Veritas will be analysing the samples at its specialist laboratory in Perth, Australia.

It is hoped a JORC resource can be outlined in the second half of 2014 at Jangamo, which sits next to Rio Tinto’s giant Mutamba deposit.

The company carried out 1,800 metres of reverse circulation drilling in November to prove up the resource potential.


Quick facts: Savannah Resources PLC

Price: 2.125 GBX

AIM:SAV
Market: AIM
Market Cap: £27.6 m
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