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New Higher-Grade Discovery at Mina do Barroso
New Higher-Grade Discovery at Mina do Barroso.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6582R Savannah Resources PLC 04 March 2019 \n\n \n04 March 2019\n \nSavannah Resources Plc\n \nProject Update\nSignificant New Higher-Grade Lithium Discovery \nMina do Barroso Lithium Project, Portugal\n \n \nHIGHLIGHTS:\n· Reverse Circulation ('RC') drilling on Aldeia Block A has identified a new higher-grade lithium bearing pegmatite body about 2km to the south east of the Grandao Deposit, bringing total discoveries to five with further targets still to be tested.\n· Key lithium intersections include:\n- 21m at 1.50% Li₂O from 34m in 19ALARC03\n- 20m at 1.36% Li₂O from 75m in 19ALARC021\n- 21m at 1.24% Li₂O from 17m in 19ALARC012\n- 14m at 1.41% Li₂O from 37m in 19ALARC004\n- 11m at 1.50% Li₂O from 54m in 19ALARC005\n· Pegmatite consistently intersected over a strike length of over 200m and has been traced down dip for a distance of over 200m, confirming the potential for the presence of a significant mineralised body.\n· RC drilling is continuing on the Aldeia pegmatite and is focused on tracing the pegmatite body further down dip and along strike to the west where there is potential to extend the strike and dip extents of the mineralisation. \n· With the recent discovery of the Pinheiro and Aldeia pegmatites, work is being fast tracked to define the potential size and metallurgy of these deposits so that they can be considered as part of a potential development. Work will also focus on determining if they have a material effect on the already highly favourable economics of Mina do Barroso.\n· Diamond drilling to collect metallurgical test samples at Pinheiro has been completed and work at Aldeia is expected to be completed in March. These samples will be shipped to lithium specialists Nagrom in Perth to conduct the metallurgical test work programme.\n· Both the Aldeia and Pinheiro deposits will now be incorporated in an expanded and fully funded DFS the completion of which will now extend into the second half of the year.\n· The Project continues to be developed and is ideally positioned to anchor the up-stream ...