Savannah Goldfields Starts Drilling at Electric Light Deposit of Australia Project

MT Newswires Live

Sep 26, 2025

Savannah Goldfields (ASX:SVG) said the current exploration drilling campaign at its Georgetown gold project in Australia has shifted as planned from Big Reef to Electric Light deposit, according to a Friday Australian bourse filing.

A reverse circulation exploration drilling program of 15 holes was completed at the Big Reef and Big Reef Extended prospects, the filing added.

The company said that six reverse circulation drill holes are planned to be drilled in this campaign at Electric Light to test the down dip and strike extensions of known gold mineralisation.

The Electric Light inferred mineral resource is 388,000 tonnes at 3.7 grams per tonne gold, containing 46,000 ounces of gold.

Following completion of the planned reverse circulation drilling at Electric Light, the company plans to mobilize a diamond drill rig to Georgetown in the first half of October to undertake a four to eight-hole diamond drilling campaign at Electric Light and then the Red Dam Prospects.

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