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Savannah Resources Plc
Summary
| Project: | Mina do Barroso | |
|---|---|---|
| Deposit: | Reservatorio, NOA | |
| Location: | Portugal | |
| Commodities: | Lithium | |
| Date: | 11/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-11-2017: Savannah Resources Plc announces an Exploration/Drilling Update report for its Reservatorio, NOA deposit at the Mina do Barroso project. Drilling results incl. 35m @ 1.06% Li2O from 56m. Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Co | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dale Ferguson (Internal) | |
| ABSTRACT: | Savannah Resources plc (AIM: 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 for the Mina do Barroso Lithium Project ('Mina do Barroso' or the 'Project') in Portugal (Figure 1). The drill programme, which is aimed at defining a JORC - 2012 compliant Mineral Resource Estimate, has returned significant intersections of lithium mineralisation. To view the press release with the illustrative maps and diagrams please use the following link. Savannah's CEO, David Archer said: "The drilling results to date continue to underscore the potential of the Mina do Barroso Project to be a strategic upstream feature in the European lithium value chain. From an investment perspective, we see the Project as the closest European analogue to the very successful Australian hard-rock, open cut mine developments which produce highly sought-after lithium spodumene concentrates for international markets. "Drilling and metallurgical test work is ongoing and will be used to support an early scoping study around a potential mine development." A further 12 drill holes for 1,322m have now been completed at Reservatorio. Assay results from the first six holes have now been received and have confirmed significant extensions to the already identified lithium mineralisation (Table 1-2 and Figure 2-3) in pegmatite, with mineralisation now defined along a 400m strike length and to at least 150m down dip confirming the potential for good depth extensions of the lithium mineralisation. Drilling in an area of faulting and shearing on the eastern part of the pegmatite has caused the pegmatite to become weathered resulting in some zones of near surface depletion. Further infill drilling is now required to further define these zones. | |
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