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Finland Lithium Initiative - Exploration Underway
Finland Lithium Initiative - Exploration Underway.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4470F Savannah Resources PLC 28 July 2016 \n\nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n 28 July 2016\n \nSavannah Resources Plc\nFinland Lithium Initiative - Reservation Permits Validated and Exploration is Underway\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to announce that exploration is now underway at its two new lithium projects in Finland, Somero and Eräjärvi, having received no landowner objections during the one-month statutory objection period required before work on the ground can start. To view the press release with the illustrative maps and diagrams please use the following link: \nhttp://www.rns-pdf.londonstockexchange.com/rns/4470F_-2016-7-27.pdf \n \nHIGHLIGHTS:\n· Ground exploration on the Somero (60.5km2) and Eräjärvi (98.5km2) Projects (Figure 1) is now authorised and field work has commenced\n· The exploration programme is expected to take 8-10 weeks and comprises geological mapping, surface rock chip and channel sampling, targeting pegmatites with known lithium minerals with the aim of generating drill targets during 2016\n· Geological mapping by the Finnish Government ('GTK') within the project areas has highlighted the presence of key lithium minerals spodumene, lepidolite and petalite\n· Savannah believes Finland is one of the most prospective countries on mainland Europe for potential lithium discoveries\n· Both project areas have excellent access to infrastructure and are in close proximity to potential customers, including battery producers\n \nDavid Archer, Savannah's Chief Executive Officer said today, \"We're pleased to be on the ground and evaluating these two interesting lithium projects that cover a series of documented, outcropping, lithium-bearing pegmatites in Finland, which is one of the world's premier resources jurisdictions.\n \n\"Our acquisition of these new projects is timely as technical innovation around lithium-ion batteries is accelerating to support the development of industrial-scale battery arrays for national grids and lithium-ion batteries for electric vehicles. For example, major car manufacturers are looking at constr...