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Saville Resources Inc.
Summary
| Project: | Niobum | |
|---|---|---|
| Deposit: | Niobum | |
| Location: | Canada | |
| Commodities: | Niobium-Phosphorus-Tantalum | |
| Date: | 6/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-6-2019: Saville Resources Inc. announces an Exploration/Drilling Update report for its Niobum deposit at the Niobum project. Drilling results incl. 175.93m @ 127ppm Ta2O5, 0.51% Nb2O5, 6.6% P2O5. June 3rd, 2019 – Saville Resources Inc. (TSXv: SRE, FSE: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darren Smith (Dahrough Geological Consulting Ltd.) | |
| ABSTRACT: | June 3rd, 2019 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”) is pleased to announce results for the first of four drill holes sampled from the Mallard Target at the Niobium Claim Group Property (the “Property”), situated within the central Labrador Trough, approximately 130 km south of Kuujjuaq, Quebec. The Property covers several prospective and advanced-stage niobium-tantalum targets, with the Company currently completing Year-1 of its Earn-in Agreement with Commerce Resources Corp. The Company is pleased to report that the first hole (EC19-171) of its maiden drill program at the Mallard Target has returned the widest high-grade niobium intercept to date on the Property at 0.70% Nb2O5 over 38.3 m, including 1.10% Nb2O5 over 5.4 m, starting from 71 m depth. In addition, another wide intercept of strong niobium mineralization was intersected further downhole, returning 0.63% Nb2O5 over 34.0 m, as well as another intercept of 0.76% Nb2O5 over 7.5 m higher up in the hole. Therefore, the drill hole achieved its primary objective and was successful in extending the strike of the high-grade niobium mineralization by approximately 60 m to the southeast of historic drill hole EC10-033. A summary of the analytical results is presented below in Table 1 as well as a map with hole locations at the link below. | |
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