7m at 9.92 g/t Au Highlights Savannah’s Electric Light Potential

Recent Drilling Success at Electric Light

Savannah Goldfields Limited (ASX – SVG) has announced encouraging results from its latest Reverse Circulation (RC) drilling program at the Electric Light Prospect, part of its Georgetown Gold Project in far North Queensland. The six holes drilled, totaling 408 meters, all intersected gold mineralisation, with the standout intercept recorded in hole EL25RC1012 – 7 meters grading 9.92 grams per tonne (g/t) gold from 13 meters depth, including a higher-grade 3-meter section at 16.74 g/t.

This drilling confirms the geological model that the gold mineralisation dips eastward and plunges to the south, reinforcing the prospect’s potential. The Electric Light deposit lies within a mining lease approximately 20 kilometers north of Georgetown and about 30 kilometers by road from Savannah’s Georgetown Gold Processing Plant.

Historical Context and Data Integration

Alongside the new drilling results, Savannah released a comprehensive set of historical drill data from previous exploration campaigns conducted between 1980 and 2010. These historical intercepts include significant high-grade intervals, such as 12 meters at 12.3 g/t and 21 meters at 8.4 g/t gold, underscoring the long-recognised potential of the Electric Light area.

The integration of this historical data with the recent drilling results provides a more robust understanding of the deposit’s continuity and grade distribution, which is critical for future resource estimation and mine planning.

Geological Setting and Mineralisation Style

The Electric Light gold deposit is hosted within a brecciated rhyolite-dacite dyke intruding the Delaney Fault zone, a major structural feature in the region. The mineralisation is associated with sulphide minerals such as arsenopyrite, sphalerite, and galena, typical of a porphyry-style gold-copper system. The deposit’s geometry, with a steeply dipping main vein and subordinate structures, presents a compelling target for further exploration.

Next Steps – Expansion and Metallurgical Testing

Building on these positive results, Savannah plans an expanded drilling campaign in November 2025, comprising 10 to 15 additional RC holes to test along strike and down plunge extensions of the mineralised zone. Additionally, two diamond drill holes are scheduled to provide core samples for metallurgical test work, which will inform processing strategies and potential recovery rates.

Currently, the Electric Light Inferred Mineral Resource stands at 388,000 tonnes at 3.7 g/t gold for approximately 46,000 ounces. The new drilling results suggest there is potential to increase this resource, pending the outcomes of the upcoming exploration and testing programs.

CEO Brad Sampson expressed optimism, highlighting that the recent high-grade intercepts validate the geological model and that the forthcoming drilling and metallurgical work will be pivotal in advancing the project.