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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Pineheiro, Grandao | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 12/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-12-2018: Savannah Resources Plc announces an Exploration/Drilling Update report for its Pineheiro, Grandao deposit at the Mina do Barroso project. Drilling results incl. 53.6m @ 1.41% Li2O from 65.0m. Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dale Ferguson (Internal) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah' or the 'Company'), the resource development company, is pleased to announce further results from the ongoing reverse circulation and diamond drilling programme at the Mina do Barroso Lithium Project, located in northern Portugal (Figure 1). To view the press release with the illustrative maps and diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/6029K_1-2018-12-16.pdf Savannah's CEO, David Archer said: "The ongoing drilling programme at Mina do Barroso continues to define excellent widths and grades of lithium mineralisation at both the Grandao and Pinheiro deposits. Thanks to much of the resource definition work and geotechnical drilling to support the definitive feasibility study being largely complete, we anticipate a slower drilling tempo at the C-100 Mining Lease in 2019."Over the past months we have had three drill rigs on site and we will be looking to work with the RC rig and only one diamond rig next year. In 2019, we plan for the RC rig to initially drill test the Aldeia ground whereas the diamond rig will focus on obtaining material for the ongoing metallurgical test-work programme as well as some geotechnical drilling."The year 2018 has been exceptional for the metres drilled and the resource defined in such a quick time and we look forward to continuing excellent progress for the Project next year. | |
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