Savannah Reports Extended Lithium Discovery in Portugal

By On July 17, 2018

Savannah Reports Extended Lithium Discovery in Portugal

A total of 181 holes for 15,345m have now been drilled to date across three primary targets of Grandao, Reservatorio and NOA.

Savannah Resources (LSE:SAV,SWB:SAV) has released further encouraging results from the ongoing reverse circulation (‘RC’) and diamond drill (‘DD’) programme at the Mina do Barroso lithium project, located in Portugal. A total of 181 holes for 15,345m have now been drilled to date across three primary targets of Grandao, Reservatorio and NOA.

Savannah is a diversified resources group with a portfolio of energy metals projects including lithium; copper and gold.

As quoted from the press release:

Highlights

• Ongoing RC and DD at both the Grandao and Reservatorio deposits has intersected lithium mineralization over significant widths

• Drilling continues to expand the boundaries of the known mineralized pegmatites demonstrating the project’s potential for further increases in the existing 14Mt at 1.1% Li₂O mineral resource estimate

• Key results include:

Grandao and Grandao Extended

â€" 25m at 1.56 percent Li2O from 56m in 18GRARC52 diamond tail

â€" 22m at 1.4 percent Li2O from 54m in 18GRARC51 diamond tail

â€" 15m at 1.32 percent Li2O from 96m in 18GRARC79

â€" 25m at 1.05 percent Li2O from 13m in 18GRARC93

â€" 25m at 1.02 percent Li2O from 21m in 18GRARC99

â€" 49m at 1.09 percent Li2O from 35m in 18GRARC100

â€" 20m at 1.42 percent Li2O from 125m in 18GRARC103

â€" 22m at 1.05 percent Li2O from 19m in 18GRADD01

â€" 23.7m at 0.99 percent Li2O from 17.2m in 18GRADD02

â€" 48.9m at 1.33 percent Li2O from 6.9m and 21m at 1.22 percent Li2O from 129m in 18GRADD006

Reservatorio

â€" 32m at 1.18 percent Li2O from 36m in 18RESDD02

â€" Diamond drilling was completed primarily to obtain lithium bearing pegmatite for the metallurgical test work programme

• Phase 3 of the metallurgical test work programme continues to progress well

• A second diamond drill rig is due to arrive on site shortly to commence geotechnical drilling to support the fast-tracked feasibility study

“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,”Savannah’s CEO, David Archer said.

Click here to read the full press release

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Give me my free report! Source: Google News Portugal | Netizen 24 Portugal

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