Savannah Resources sees “excellent” results in heavy sands prospecting in Mozambique

9 December 2014

The Savannah Resources group has been successful in its heavy minerals prospecting operations at its concession area in Jangamo, southern Mozambique, the British group announced in a statement Monday.

The group, which is listed on the Alternative Investment Market of the London Stock Exchange also announced the results included a concentration of heavy minerals of higher quality concentration of 5.21 percent by drilling down to 24 metres, and a concentration of 5.18 percent in drilling of 33 metres.

Savannah Resources has led the concession that covers an area of around 180 square kilometres since October 2013, after acquiring 80 percent of Matilda Minerals Ltd, which previously held heavy sand exploration rights in Jangamo, Inhambane province.

This concession is located in the vicinity of the Mutamba 1 deposit, operated by Anglo-Australian group Rio Tinto. (macauhub/MZ)