For thousands of other reports visit RSC's Mineral Intellingence Map
Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Aldeia, Grandao | |
| Location: | Portugal | |
| Commodities: | Lithium-Iron | |
| Date: | 5/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-5-2019: Savannah Resources Plc announces an Exploration/Drilling Update report for its Aldeia, Grandao deposit at the Mina do Barroso project. Drilling results incl. 45.0m @ 1.67% Li2O from 89m. Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV), | |
| Resources: | (Resource, Total): 23.5Mt @ 1.02% Li2O, 0.8% Fe2O3 | |
| CP/QP: | [Overall Report]: Dale Ferguson (Internal) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV), the resource development company, is pleased to announce further high-grade results from the ongoing RC drilling programme at the Mina do Barroso Lithium Project located in northern Portugal (Figure 1). The results further underline the life of mine and resource potential of Mina do Barroso and its position as Western Europe’s most significant new spodumene lithium discovery strategically positioned to supply the growing European Electric Vehicle (‘EV’) and lithium ion battery market. Savannah’s CEO David Archer, said: “These latest results from Aldeia and Grandao include the highestgrade ever reported at Mino do Barroso of 22m at 2% Li₂O, demonstrating that the full scope of Mina do Barroso’s exciting potential is still being realised. High-grade mineralisation has been identified along strike and at depth, indicating the potential to further expand the existing resource of 23.5Mt at 1.02% Li20, and significantly increase the potential life of mine. “Results from recent workflow have continued to solidify Mina do Barroso’s status as Western Europe’s most significant new spodumene lithium discovery positioning Savannah as a key strategic player in Europe’s upstream lithium value chain. I look forward to updating shareholders further with progress made as we advance the Project towards development.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report