Savannah Goldfields Begins Exploration Drilling Program at Queensland Gold Project, Shares Jump 6%

MT Newswires Live

Sep 18, 2025

Savannah Goldfields (ASX:SVG) began an exploration drilling program at the Big Reef Extended prospect, part of the Georgetown gold project in Queensland, consisting of reverse circulation drilling comprising between 15 and 20 drill holes, according to a Thursday Australian bourse filing.

The holes will be drilled to depths of between 20 meters to 25 meters to test the shallow oxide gold potential of Big Reef Extended and Big Reef prospects.

The program is expected to take around a week to complete, after which the drill rig is planned to mobilize to the Electric Light and Red Dam deposits to conduct further exploration drilling.

The firm's shares jumped 6% in recent trading on Thursday.

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