Savannah Goldfields has confirmed that its exploration drilling campaign within the Georgetown gold project in Australia has now shifted from Big Reef to the Electric Light deposit.
The Electric Light deposit lies around 27km north of the Georgetown gold processing plant and 480km southwest of Cairns, in far north Queensland.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
At Big Reef and Big Reef Extended, located about 4km south of Forsyth, the company completed reverse circulation (RC) drilling programme prospects covering 15 holes.
All collected drill hole samples have been dispatched to an independent laboratory in Townsville for assay, with results anticipated by the end of October 2025.
The RC campaign was designed to test strike extensions of 1,500 metres (m) where earlier rock chip sampling programme had identified anomalous gold.
These strike extensions carry potential to expand the current inferred mineral resource of 107,000 tonnes (t) at 3.0 grams per tonne(g/t) gold, equating to 10,000 ounces (oz) of gold.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPreparations for mining at Big Reef continue, with activities expected to commence in October following receipt of the necessary environmental authorisations.
The RC drill rig has since been mobilised to Electric Light, where further drilling activity has commenced.
It is planned to drill RC holes and to test the down-dip extensions of the known gold mineralisation.
Electric Light currently holds an inferred mineral resource of 388,000t at 3.7g/t, containing 46,000oz of gold, with mineralisation remaining open down dip and along strike.
After this programme concludes, Savannah intends to bring a diamond drill rig to Georgetown in the first half of October 2025 for a four-to-eight-hole campaign at Electric Light, followed by work at the Red Dam prospects.
Savannah Goldfields CEO Brad Sampson stated: “We are excited to be well underway with exploration drilling in areas with potential to expand our gold inventory, provide near-term feed stocks and extend the oxide processing life at the Georgetown gold processing plant.”
