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Saville Resources Intersects 0.78% Nb2O5 over 16.0 m, including 1.07% Nb2O5 over 3.0 m, in Drill Hole at the Mallard Prospect, Niobium Claim Group Property, Quebec
VANCOUVER, BC / ACCESSWIRE / January 23, 2023 / Saville Resources Inc. (TSX.V:SRE)(FSE:S0J) (the...
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[{"type":"text","content":"Saville Resources Intersects 0.78% Nb2O5 over 16.0 m, including 1.07% Nb2O5 over 3.0 m, in Drill Hole at the Mallard Prospect, Niobium Claim Group Property, QuebecVANCOUVER, BC / ACCESSWIRE / January 23, 2023 / Saville Resources Inc. (TSX.V:SRE)(FSE:S0J) (the \"Company\" or \"Saville\") is pleased to announce sample assay results for three (3) drill holes from its 2022 drill program at its Niobium Claim Group Property (the \"Property\"), located in northern Quebec. The 2022 drill program, completed in August, totaled 600.0 m and focused on the Mallard Prospect.The 2022 drill program targeted the niobium zone previously reported in drill hole EC21‑175 (1.00% Nb2O5 over 17.1 m) - see news release dated September 1, 2022 - further at depth (EC22-201, 202, and 203) and along strike (EC22-203). The 2022 drill holes, each drilled to 200 m depth, returned well-mineralized niobium intervals, and continue to demonstrate the potential for a sizeable niobium mineralized zone to extend from depth to surface, as well as laterally, at the Mallard Prospect (Figure 1 and Table 1).Core sample assay highlights from the 2022 drilling at the Mallard Prospect include:16.0 m of 0.78% Nb2O5 and 7.5% P2O5 (EC22-202), including,3.0 m of 1.07% Nb2O5 and 8.9% P2O54.5 m of 0.94% Nb2O5 and 10.0% P2O5 (EC22-202)8.6 m of 0.81% Nb2O5 and 6.7% P2O5 (EC22-203), including,2.9 m of 1.32% Nb2O5 and 6.7% P2O5Mike Hodge, Company President, CEO, and Director, comments: \"We are encouraged by the niobium mineralization extending to depth at the Mallard Prospect. The recent drill program has significantly improved our understanding of the Prospect's geology and potential. The results affirm the presence of a fertile niobium mineralized system coupled with significant levels of tantalum and phosphate. We are now integrating the new drill information into our geological model to focus the next stage of drilling.\"Table 1: 2022 drill hole results for the Mallard ProspectThe high-grade mineralization encountered in each hole is hosted within dark green phoscorite-dolomite or phoscorite-calcite carbonatite units with minor to abundant magnetite and local dolomitization. This rock type and mineralogy is consistent with the previously drilled holes in 2019 and 2021, which are located west and south of the current holes.High-grade mineralized intervals are present near s...