A programme of prospecting by Savannah Resources in Jangamo, Mozambique, has visually identified heavy mineral sands in many test drill areas. The company said in a statement.
The company also said that the 4,000-metre drilling programme had concluded and that a magnetic and radiometric survey was now underway, the results of which would be known at the end of June.
The chief executive of Savannah Resources, listed on the Alternative Investment Market (AIM) of the London Stock Exchange, David Archer, said that the first results of the tests “are very positive” and added that the magnetic and radiometric study would make it easier to better understand the deposits that exist in the area.
The Jangamo region is adjacent to the Mutamba heavy sands deposit of Anglo-Australian group Rio Tinto.
In October 2013 Savannah Resources, formerly known as African Mining and Exploration, sold its subsidiary AME West Africa to Alecto Minerals and announced the acquisition of 80 percent of Matilda Minerals Lda, which held the heavy sands exploration license in Jangamo. (macauhub/MZ)