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Encouraging first assays from Phase 2 drilling
Encouraging first assays from Phase 2 drilling.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n\n \n \n27 March 2025 \nSavannah Resources Plc\n(AIM: SAV) ('Savannah', or the 'Company')\n \nFirst assay results from DFS Phase 2 drilling confirm zone of higher-grade mineralisation at Pinheiro\n \nSavannah Resources plc, the developer of the Barroso Lithium Project (the 'Project') in Portugal, Europe's largest spodumene lithium deposit, is pleased to announce the first batch of assay results from Phase 2 of its Definitive Feasibility Study ('DFS') drilling programme at the Project. The 117-hole, c.13,000m programme is being undertaken for further JORC Resource definition, geotechnical and metallurgical purposes.\n \nHighlights:\n· The Phase 2 drill programme for the DFS is well underway with six drill rigs (3 Diamond, 3 Reverse Circulation ('RC')) active on site, targeting the Pinheiro, Reservatório and Grandão deposits.\n· To date 48 holes have been drilled for c. 4,817m in the planned 117 hole/c.13,000m programme.\n· Lithium assays have been received from 20 holes to date (7 at Pinheiro, 10 at Reservatório and 3 at Grandão) including results from 14 complete holes and 6 pre-collars which still require diamond drill tails to fully test the pegmatite target.\n· At Pinheiro, where the Project's highest intercepts to date were reported last year (see 12 March RNS), recent drilling has:\no Returned pegmatite widths which are thicker and have higher lithium grades than originally modelled.\no Confirmed mineralisation continues along strike to the north and south in both the Western and Eastern Pegmatites, further highlighting the additional resource potential.\n· Significant lithium mineralisation intersections at Pinheiro include:\no 21m @ 1.26% Li2O from 95m in hole 25PNRRC026\no 26m @ 1.40% Li2O from 70m in hole 25PNRRC027\no 29m @ 1.33% Li2...