Savannah Goldfields Says Total Contained Gold at Queensland Deposit Grows 220%; Shares Jump 4%

MT Newswires Live

Oct 10, 2025

Savannah Goldfields (ASX:SVG) said that the mineral resource for the Jubilee Plunger deposit, part of its Georgetown project in Queensland, is 296,000 tonnes at 2.1 grams per tonne (g/t) grade of gold and 17 g/t grade of silver, containing 20,000 ounces of gold, a 220% increase in total contained gold from the February 2022 mineral resource, according to a Friday Australian bourse filing.

Of the total, the indicated category includes 98,000 tonnes at 2.4 g/t grade of gold and 16 g/t grade of silver, containing 8,000 ounces of gold, the filing said. The inferred category consists of 198,000 tonnes at 2 g/t grade of gold and 17 g/t grade of silver, containing 12,000 ounces of gold.

The combined mineral resource at the Georgetown projects is 1.2 million tonnes at 3.5 g/t grade of gold, containing 131,000 ounces of gold, per the filing.

The company's shares jumped almost 4% in recent Friday trade.

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The inferred category consists of 198,000 tonnes at 2 g/t grade of gold and 17 g/t grade of silver, containing 12,000 ounces of gold.</p><p>The combined mineral resource at the Georgetown projects is 1.2 million tonnes at 3.5 g/t grade of gold, containing 131,000 ounces of gold, per the filing.</p><p>The company's shares jumped almost 4% in recent Friday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SVG.AU","symbol_name":"SAVANNAH GOLDFIELDS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2574116512","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574116512","pubTimestamp":1760056180,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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