Sign up
Mining Capital

Savannah Resources accelerates drill programme at Mina do Barroso lithium project

Drill results are indicating that there is scope for significant improvement upon the existing resource
Lithium in periodic table
Savannah's exploration for lithium is now stepping up a gear

Ongoing reverse circulation drilling at the Mina do Barroso lithium project in Portugal continues to return significant intersections of lithium mineralisation for Savannah Resources Plc (LON:SAV).

The drilling is designed to build upon the existing JORC resource of 32,000t of Li2O already defined at the Reservatorio deposit, one of three targets currently being evaluated.

WATCH: Savannah Resources sees further high grade Lithium intersections at Mina do Barroso

READ: Savannah Resources strengthens lithium team ahead of Portugal development

So far, in the current programme, a total of 87 holes for 7,081 metres has been drilled. Broad zones of lithium mineralisation intersected giving further confidence of significant resource potential of Mina do Barroso

At the Grandao deposit, significant widths of lithium mineralisation have been identified. Key results include 59 metres at 1.13% Li2O from a depth of 5 metres and 33 metres at 1.22% Li2O from a depth of 40 metres.

Meanwhile, at the NOA deposit, drilling of a further six holes has confirmed the presence of lithium mineralisation over a 200 metre strike length together with good down dip extensions of at least 50 metres.

READ: Savannah Resources all set to lead the lithium charge in Portugal

Key results include: 15 metres at 0.83% Li2O from a depth of 5 metres and 14 metres at 0.73% Li2O from a depth of 19 metres.

"The Grandao deposit is shaping up as a major additional component to the overall global Mineral Resource for the Mina do Barroso lithium project,” said chief executive David Archer.

 

 

Alastair_55b0a5ec88c28.jpg
Why Invest In Savannah Resources Plc? Read More Here

Register here to be notified of future SAV Company articles
View full SAV profile View Profile
View All

Related Articles

© mining Capital 2018

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.