Business
Expansions to Grandao Extended Identified
Expansions to Grandao Extended Identified.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7807V Savannah Resources PLC 26 July 2018 \n\n \n26 July 2018 \n \nSavannah Resources Plc\n \nSignificant Expansions to Grandao Extended Identified \nMina do Barroso Lithium Project, Portugal\n \nSavannah Resources plc (AIM: SAV and SWB: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company, is pleased to announce further encouraging results from the ongoing reverse circulation ('RC') and diamond drill ('DD') programme at the Mina do Barroso Lithium Project ('Mina do Barroso' or the 'Project'), located in Portugal (Figure 1). A total of 192 holes for 16,222m have now been drilled to date across three primary targets of Grandao, Reservatorio and NOA. To view the press release with the illustrative maps and diagrams please use the following link: \nhttp://www.rns-pdf.londonstockexchange.com/rns/7807V_1-2018-7-25.pdf\n \nHIGHLIGHTS:\n· Ongoing RC and DD at the Grandao and Grandao Extended Deposits has identified further significant expansions to the mineralised pegmatite bodies\n· Drilling at Grandao Extended has identified a significant extension to the known mineralised pegmatites supporting the excellent potential for further increases in the existing 14Mt @ 1.1% Li₂O Mineral Resource Estimate\n· Key results include:\nGrandao and Grandao Extended\n- 25.15m at 1.38% Li2O from 96.85m in 18GRARC76 diamond tail\n- 41.35m at 1.30% Li2O from 103m in 18GRARC80 diamond tail\n- 14.4m at 1.57% Li2O from 148.60m in 18GRARC81 diamond tail\n- 47m at 1.35% Li2O from 66m in 18GRARC105\n- 30m at 1.33% Li2O from 45m in 18GRARC106\n· A second diamond drill rig is now on site to support the fast-tracked Feasibility Study, which is now underway and being undertaken by Perth based lithium specialist, Primero Group\n· Phase 3 of the metallurgical test work programme continues to progress well\n \nSavannah's CEO, David Archer said: \"The drill programme continues to produce outstanding results both in terms of widths and lithium grades. Zones in the main Grandao Deposit are thickening and drilling is also extending the deposit down dip, giving us confiden...