Mina do Barroso Lithium Project Update
NORTHLAND VIEW
Savannah Resources’ reports the latest set of drill results from the Mina do Barroso Lithium Project, located in Portugal. Results include: 59m at 1.13% Li2O from 5m (17GRARC31); 33m at 1.22% Li2O from 40m (17GRARC41); and 31, at 1.07% Li2O from 40m (17GRARC25) from the Grandao Target. At the NOA Target, results include: 15m at 0.83% Li2O (17NOARC06); and 14m at 0.73% Li2O (17NOARC10).
A second diamond drill rig will be mobilised in February to test for depth extensions at Grandao and collect samples for the next phase of metallurgical studies.
To date Savannah has drilled 87 holes (7,081m) at the Mina do Barroso Lithium Project and has defined a Mineral Resources Estimate of 3.2mt at a grade of 1% Li2O from the Reservatorio Deposit. In its second drill programme at the Project, Savannah has demonstrated the presence of significant intercepts of lithium mineralisation at the NOA and Grandao Targets and expanded the area of known mineralisation at Reservatorio, all of which will feed into an updated Mineral Resource Estimate. Savannah has also identified targets to the northeast of Grandao: Romainho; Campo de Futebol; and Peigro Negro, which will be drill tested in due course, but could add further tonnes to the project.
COMPANY DESCRIPTION
Savannah Resources is an energy metals group with copper-gold projects located in Oman, lithium projects in Portugal, and a operates a mineral sands project in Mozambique that is a JV with Rio Tinto