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Gold/Mining/Energy : Savanna -- Ignore unavailable to you. Want to Upgrade?

To: CocoBob who wrote (87)	7/21/1998 12:50:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 192

NEWS RELEASE Savanna Resources Ltd - Suriname gold targets identified Savanna Resources Ltd SV Shares issued 90,108,554 1998-07-20 close $0.085 Tuesday Jul 21 1998 Mr. John Alston reports Savanna has discovered a series of gold anomalies trending north-south for over 20km on its Brokopondo property in Suriname. The anomalies, disclosed by a regional stream sediment geochemical survey, occur within a volcanic-sedimentary greenstone belt forming part of the gold-rich Guiana shield. The coincidence of the trend with mafic volcanics following the topographic height of land suggests a nearby bedrock source. The strongest anomalous zone extends over an area of 8 sq km with individual sample values up to 25,000 ppb gold, in contrast to a mean background value of 19 ppb. The new trend occurs within 3km of a gold vein investigated in 1997 which assayed 8,200 ppb gold (0.24 oz/ton) across one metre. Grids are being prepared for follow-up detailed surveys to define the discovery zones. The regional survey, which covered 100 sq km, is being extended over the balance of the greenstone belt within the 700 sq km permit area. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals