Savannah Goldfields (ASX:SVG) reports a 96% increase in tonnage at its Red Dam gold deposit following incorporation of late 2025 drilling results.
The updated mineral resource estimate totals 396,000 tonnes @ 4.60 grams per tonne gold (Au) containing 58,600 ounces, representing a 59% increase in contained Au from the previous 2022 estimate.
Red Dam forms part of the Georgetown Gold Project located 80km north of Savannah’s Georgetown Gold Processing Plant.
The resource now includes an Indicated category for the first time, comprising 68,000 tonnes @ 7.90g/t Au and 11g/t silver. The Inferred component totals 328,000 tonnes @ 3.90g/t Au and 11g/t silver.
CEO Brad Sampson says the increased confidence benefits the company as it evaluates open pit and underground mining potential.
“Red Dam has the potential to provide additional feed to the Georgetown Gold Processing Plant and significantly extend the processing life of the operation,” Sampson says.
The updated estimate incorporates five reverse circulation and three diamond drill holes completed in late 2025, along with additional bulk density measurements and validation of historic database records.
Drilling completed in 2025 increased confidence in the geological model, with the central area now drilled to 25–30m spacing suitable for Indicated classification.
Gold mineralisation remains open at depth and along strike from the current resource boundary. The deposit is defined along a narrow fault zone extending 1,600m in length and up to 180m in depth.
Recent metallurgical test work by Savannah achieved 70% total gold recovery through gravity separation and leaching via the existing Georgetown processing plant configuration.
Deutsche Rohstoff (ETR:DR0) Australia previously mined 22,000 tonnes @ 13.60g/t Au from Red Dam’s oxide zone from 2010 to 2011, extracting approximately 10,000 ounces of Au from open pit operations.
The company plans further drilling in 2026 to test extensions of the deposit at depth and along strike. Red Dam sits within mining lease ML30203, with the eastern extension requiring a lease extension for potential open pit mining.
The updated resource brings Savannah’s total Georgetown Project inventory to 152,000 ounces across five deposits.
Write to France Pinzon at Mining.com.au
Images: Savannah Goldfields
