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

To: Colin who wrote (111)	9/14/1998 10:26:00 AM
From: waldo	Respond to of 192

6 Month Results: Savanna Resources Ltd SV Shares issued 90,108,554 Sep 11 close $0.05 Mon 14 Sept 98 Company Review Mr. John Alston reviews the company During the second quarter of 1998 exploration work continued on the Suriname properties. On the Brokopondo permit the initial portion of a stream sediment sampling program, carried out over a 20 kilometre length of the volcanic belt, has returned a series of gold anomalies. These anomalies are coincident with a mafic/ultramafic volcanic horizon, which forms the north-south topographic high in the area. Thus the volcanic horizon is interpreted as the source of the anomalies. The strongest anomalous zone extends over an area of eight square kilometres with 23 samples returning from 110 to 25,800 ppb gold, in contrast to a mean background value of 19 ppb. Savanna is preparing to cut a grid over the anomalous zone in preparation for a ground geophysical survey. In addition the stream sediment sampling program will be expanded to encompass all of the greenstone belt that occurs on the property. On the Lawa permit initial results of a test pitting and bulk sampling program in the southwest corner confirm the presence of gold in the alluvial gravels running 0.5 up to 4.2 grams per cubic metre. Although the potential for large scale alluvial mining was considered limited, the almost ubiquitous occurrence of particulate gold throughout the area and in different strata within the sedimentary sequence may be indicative of widespread gold mineralization in the bedrock. Based on this observation, Savanna is now concentrating exploration efforts towards the bedrock potential and is currently exploring the Central zone, where the UN reported some of the highest panned and bedrock samples of its Suriname survey. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Colin who wrote (111)	9/15/1998 11:29:00 AM
From: waldo	Read Replies (1) \| Respond to of 192

Hello Colin, In a more favourable gold market,"2.3 ounces gold per ton across 3 M", would have a better effect on the price of SV. There appears to be gold all over the alluvials, in addition to high grade bedrock in at least 2 different locations 6 kilometres apart. The potential for several deposits in between seems quite likely. All you need is 2 grams per tonne over 1/3 kilometre by 1/3 kilometre, and a depth of 40 metres, and you have a million ounce deposit. Based upon these dimensions, Lawa may hold several million ounces. SV definitely has to continue exploring this project. W