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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Grandao | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 7/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-7-2018: Savannah Resources Plc announces an Exploration/Drilling Update report for its Grandao deposit at the Mina do Barroso project. Drilling results incl. 47m @ 1.35% Li2O from 66m. Savannah Resources plc (AIM: SAV and SWB: SAV) (‘Savannah’ or the ‘ | |
| Resources: | (not mentioned in this report) | |
| 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 encouraging results from the ongoing reverse circulation (‘RC’) and diamond drill (‘DD’) programme at the Mina do Barroso Lithium Project (‘Mina do Barroso’ or the ‘Project’), located in Portugal (Figure 1). A total of 192 holes for 16,222m have now been drilled to date across three primary targets of Grandao, Reservatorio and NOA. SAVANNAH RESOURCES PLC AIM: SAV AN ENERGY METALS GROUP 26 July 2018 2 Savannah’s CEO, David Archer said: “The drill programme continues to produce outstanding results both in terms of widths and lithium grades. Zones in the main Grandao Deposit are thickening and drilling is also extending the deposit down dip, giving us confidence of the potential to increase the Project’s Mineral Resource Estimate. “Mina do Barroso has developed at an exceptionally fast pace since the first hole was drilled on 24 July 2017. We have gone from a point of having no Mineral Resource Estimate to having made one of Europe’s most significant mineral discoveries of a mineral that is of vital and strategic importance to European industry.” | |
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