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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Grandao, Reservatorio | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2018: Savannah Resources Plc announces an Exploration/Drilling Update report for its Grandao, Reservatorio deposit at the Mina do Barroso project. Drilling results incl. 48.9m @ 1.33% Li2O from 6.9m. Savannah Resources plc (AIM: SAV and SWB: SAV) (‘S | |
| Resources: | (Resource): 14Mt @ 1.1% Li2O at project | |
| 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 181 holes for 15,345m have now been drilled to date across three primary targets of Grandao, Reservatorio and NOA. Savannah’s CEO, David Archer said: “The drill programme continues to deliver encouraging results, which will go towards further increasing what is already the largest spodumene lithium Mineral Resource Estimate in Western Europe. We are upping the drilling tempo with the addition of a third rig and drilling, which commenced a little under one year ago, now totals over 15km in length and constitutes one of the most intensive drill programmes undertaken in Portugal in recent years. “In offsite activities, we have narrowed the field of parties interested in undertaking a Feasibility Study of a mine development at Mina do Barroso. We are intent on teaming with a group with best-in-class lithium experience and capabilities to ensure we maximise the significant value potential of our Project.” | |
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