Savannah Resources plc LON:SAV the AIM quoted resource development company, has this morning told DirectorsTalk that the reverse circulation drill programme aimed at defining a JORC resource at the Mina do Barroso lithium project in Portugal has now commenced. To view the press release with the illustrative maps and diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/1786M_-2017-7-26.pdf
HIGHLIGHTS:
-- RC drill programme has commenced at Mino do Barroso -- Focus on defining a JORC mineral resource estimate to support potential mine development -- Mining Licence, Mining Plan and Environmental Impact Assessment already secured
— Drilling to focus on three primary target areas – Grandao, Reservatorio and NOA – which have been shown to have relatively high grades of lithium oxide (‘Li(2) O’) with drill results up to 1.67% Li(2) O over significant widths
— Further mapping of the licence area also underway to map and define other lithium bearing pegmatites
Savannah’s CEO, David Archer said: “We’re pleased that drilling is now underway at Mina do Barroso, less than two months after acquiring this highly prospective asset. This targeted drill programme will help define the extent and grades of the multiple lithium deposits covered by the mining licence, where grades of up to 1.67% Li(2) O have been recovered to date. I look forward to providing shareholders with further updates as appropriate as the drill programme progresses.”
Savannah has a 75% interest in Slipstream Resources Portugal Unipessol Lda, which is the registered holder of the Mina do Barroso mining licence.
