Business
Further Lithium Mineralisation Identified,Portugal
Further Lithium Mineralisation Identified,Portugal.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5127E Savannah Resources PLC 12 February 2018 \n\nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n12 February 2018\n \nSavannah Resources Plc\nGrandao Continues to Grow with Further Broad Zones of Lithium Mineralisation Identified at the Mina 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 results from the ongoing reverse circulation ('RC') drill programme at the Mina do Barroso Lithium Project ('Mina do Barroso' or the 'Project') in Portugal (Figure 1). The drill programme continues to return significant intersections of lithium mineralisation as Savannah aims to increase the current JORC - 2012 compliant Mineral Resource Estimate of 3.2 million tonnes at 1.0% Li2O containing 32,000t of Li2O, which was defined at the Reservatorio Deposit, one of three targets currently being evaluated. To view the press release with the illustrative maps and diagrams please use the following link: \n \nhttp://www.rns-pdf.londonstockexchange.com/rns/5127E_-2018-2-9.pdf\n \nHIGHLIGHTS:\n· Total of 87 holes for 7,081m drilled to date as part of the ongoing RC drill programme across three primary targets\n· Broad zones of lithium mineralisation intersected giving further confidence of significant resource potential of Mina do Barroso\n· Drill programme is ongoing and has been extended as a result of the positive results received to date\n· Grandao Deposit - New Mineral Resource Estimate on track for Q1 2018 to add to current Project resource\no Significant widths of lithium mineralisation identified. Key results include:\n§ 59m at 1.13% Li2O from 5m, in 17GRARC31\n§ 33m at 1.22% Li2O from 40m, in 17GRARC41\n§ 31m at 1.07% Li2O from 40m, including 24 at 1.31% Li2O in 17GRARC25\n§ 32m at 0.89% Li2O from 35m, including 17m at 1.29% Li2O in 17GRARC38\no Exploration efforts to be accelerated with a diamond drill rig to mobilise in second half of February, to test depth extensions of Grandao mineralisation and begin collecting samples for the next phase of metallurgical test work \no New high priority targets identified to the north east of Grandao: Roma...