Proactive Investors - Run By Investors For Investors

Savannah Resources reports significant lithium intersections from drilling at Mina do Barroso

"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,” said chief executive David Archer
Savannah Resources
This year has been exceptional for the metres drilled at Mina do Barroso, the group says

Savannah Resources PLC (LON:SAV) said drilling at the Grandao and Pinheiro deposits within its Mina do Barroso project in Portugal has returned a series of significant lithium intersections.

The company said highlights from diamond drilling at Grandao were 2.9m at 1.05% lithium oxide (Li2O) from 84m in drill hole 18GRADD010, 0, 29.55m at 1.67% Li2O from 95.45m in hole 18GRADD011 and 20.7m at 1.21% Li2O from 41.5m in hole 18GRADD017.

Results from reverse circulation drilling at Granado included 28m at 1.17% Li₂O from 15m in drill hole 18GRARC118 and 27m at 1.41% Li₂O from 36m in hole 18GRARC120.

At Pinheiro, results included 9m at 1.05% Li₂O from 39m in drill hole 18PNRRC012 and 27m at 0.91% Li₂O from 57m in hole 18PNRRC017.

READ: Savannah Resources says successfully produced saleable quartz, feldspar products for use in ceramics industry

 "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,” said chief executive David Archer.

“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.”

Archer said in 2019 the company plans to drill test the  Aldeia ground with the reverse circulation rig while the diamond drill rig will focus on obtaining material for the ongoing metallurgical test-work programme as well as some geotechnical drilling.

A total of 295 holes for 24,723m have been drilled to date at Mina do Barroso as part of the ongoing reverse circulation and diamond drill programme, primarily focused on the Grandao, Reservatorio and NOA deposits.

"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,” said Archer. 

View full SAV profile View Profile

Savannah Resources PLC Timeline

Related Articles

A map of Africa showing Nigeria
April 17 2019
The company is hoping to reach targeted funding agreements with various parties.
Entrepreneur Tony Sage
November 28 2018
The company is firming up supplies of copper and cobalt in the DRC and Zambia.
copper
May 31 2019
Chief executive Michael McNeilly said 2018 was a “transformational year” for the group w

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use