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Saville Resources Inc. Options the Covette Nickel-Copper-Cobalt Property, Quebec
VANCOUVER, BC / ACCESSWIRE / March 1, 2019 / Saville Resources Inc. (TSX-V: SRE, FSE: S0J) (...
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[{"type":"text","content":"Saville Resources Inc. Options the Covette Nickel-Copper-Cobalt Property, QuebecVANCOUVER, BC / ACCESSWIRE / March 1, 2019 / Saville Resources Inc. (TSX-V: SRE, FSE: S0J) (\"Saville\") reported today that it has entered into an option agreement with Astorius Resources Ltd. (\"Astorius\") to sell 100% interest in the Covette nickel-copper-cobalt property (the \"property\"), located in the James Bay Region in the Province of Quebec.The Property is located approximately 190 km east of Raddison and 10 km north of the all-weather Trans-Taiga road and adjacent LG-3 transmission line. The claim area consists of 12 contiguous claims, encompassing an area of approximately 613ha (~6.13 km²). A property map can be found at http://savilleres.com/assets/2019-03-nrm-sre.jpg.In late 2016, a 1402 line-km Versatile Time Domain Electromagnetic (VTEM) survey was completed over the Covette Property by Geotech Ltd., of Aurora, Ontario. It identified several high priority electromagnetic (EM) conductors coincident with strong and distinct magnetic high anomalies, as well a broad and large coincident EM and magnetic high anomaly. These areas are considered prospective for base and precious metal targets. The property was subsequently explored during two early stage exploration programs conducted by Saville in 2017 and 2018. Results from the 2017 prospecting program returned rock samples with values up to 0.09% copper, and 0.19% nickel in grab samples. In 2018, eight samples were taken in a newly discovered surficial gossanous bedrock outcrop with samples grading up to 1.20% zinc, 68.7 ppm silver, 0.15% copper and 0.19% nickel. The sulphide mineralization is associated with amphibolite units within an intermediate-ultra mafic suite of rocks. The nature of the mineralization remains uncertain due to limited exploration work. The ground work and surface sampling was not sufficient to explain the source of the VTEM anomalies, and collectively, appear to indicate a source at depth. Geologically, a greenstone belt underlies the region, comprised of various mafic to ultramafic rock units considered prospective for base and precious metals (Ni-Cu-Co-PGE-Au-Ag), as well as pegmatite hosted rare metals (Li-Ta). Komatiites have also been described in the region with such rock types known to host significant Ni-Cu massive sulphide deposits at other localitie...