Savannah Resources, formerly African Mining and Exploration, has concluded test drilling at the Jangamo heavy sands project in southern Mozambique, the company said in a statement.
The aim of this initial programme was to locate high quality mineral deposits near the surface. The results of lab analyses are expected in the next few weeks.
In August, the company, which is listed on the London Stock Exchange’s Alternative Investment Market (AIM), plans to start test drilling to establish the size of deposits and the minerals in them by the end of the year.
Chief Executive David Archer said that the initial programme had detected some high concentrations of heavy minerals and that six areas were identified based on a visual inspection of the samples collected.
The Jangamo project, in Inhambane province, covers an area of 180 square kilometres in an area of extensive dunes and is immediately west of the Mutamba deposit, operated by mining group Rio Tinto. (macauhub/MZ)