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Savannah Resources CEO on latest gold shows in Oman

David Archer, the chief executive of Savannah Resources (LON:SAV), talks to Proactive Investors about the ‘very good’ gold indications it revealed today. 

Savannah announced it has found more strong indications of gold during its exploration programme at Gaddmah West in Oman, with trench work producing some notable samples including bonanza grades of 60.7 grams per tonne of gold. The company will do more trench work to define the extent of the mineralisation before deciding where to drill.

Archer explains how the company will keep the costs low there and how the company divides its time between Oman and Mozambique.

Quick facts: Savannah Resources PLC

Price: 2.12 GBX

Market: AIM
Market Cap: £27.54 m

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Excellent results from both projects despite delays, says Savannah Resources Plc

Savannah Resources Plc (LON:SAV) chief executive officer David Archer says the group is intent on moving forward after delays at its Oman projects. “We’ve said some very harsh words to our drilling contractor and we’re looking to a speedy and less problematic programme from here,” says...

on 08/04/2016

2 min read