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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Granado | |
| Location: | Portugal | |
| Commodities: | Lithium-Iron | |
| Date: | 2/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-2-2018: Savannah Resources Plc announces an Exploration/Drilling Update report for its Granado deposit at the Mina do Barroso project. Drilling results incl. 59m @ 1.13% Li2O from 5m. Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or the 'C | |
| Resources: | (Resource, Inf.): 3.2Mt @ 1.00% Li2O, 1.4% Fe2O3 for 32Kt contained at Reservatorio | |
| CP/QP: | [Overall Report]: Dale Ferguson (Internal) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company, is pleased to announce further results from the ongoing reverse circulation ('RC')drill programme at the Mina do Barroso Lithium Project ('Mina do Barroso' or the 'Project') in Portugal (Figure 1). The drill programme continues to return significant intersections of lithium mineralisation as Savannah aims to increase the current JORC - 2012 compliant Mineral Resource Estimate of 3.2 million tonnes at 1.0% Li2O containing 32,000t of Li2O, which was defined at the Reservatorio Deposit, one of three targets currently being evaluated. To view the press release with the illustrative maps and diagrams please use the following link: Savannah's CEO, David Archer said: "We are delighted to see the expanding geometry of Grandao with both near surface and deeper mineralisation. The Grandao Deposit is shaping up as a major additional component to the overall global Mineral Resource for the Mina do Barroso Lithium Project. "The overall tempo of activities continues to accelerate as the Project's potential becomes more apparent. We are working to an aggressive timetable to deliver on a series of major milestones over coming months, which we believe will highlight the Project's potential to be a key, up-stream component of the European lithium valued added chain." | |
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