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Second Round of Lithium Drilling, Portugal
Second Round of Lithium Drilling, Portugal.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6325R Savannah Resources PLC 25 September 2017 \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n25 September 2017\nSavannah Resources Plc\nSecond Round of Lithium Drilling\nAdvanced Mina do Barroso Lithium Project, Portugal\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to announce that the second round of reverse circulation ('RC') drilling aimed at defining a JORC resource at the Mina do Barroso lithium project in Portugal (Figures 1-2) has commenced. To view the press release with the illustrative maps and diagrams please use the following link: \n \nhttp://www.rns-pdf.londonstockexchange.com/rns/6325R_-2017-9-22.pdf\n \n \nHIGHLIGHTS:\n· RC drill programme has re-started at Mino do Barroso mining lease\n· Drilling to focus on drill testing the NOA deposit and targeting potential extensions to the significant zones of mineralisation identified at Grandao and Reservatorio in recent drilling\n· Further mapping of the mining lease area is also underway to map and define other lithium bearing pegmatites\n \nSavannah's CEO, David Archer said: \"We're looking to this next round of drilling to build on the robust drill intersections we reported last week. This has highlighted the appeal of Mina do Barroso as the best European analogue of the very successful Western Australian lithium spodumene developments. We believe that hard rock, lithium spodumene deposits like those at Mina do Barroso will play a leading role in the upstream part of the lithium value chain going into the 2020s.\"\n \nFigure 1. Photograph of Drill Rig at NOA Prospect Mina do Barroso - see PDF\n \nFigure 2. Mina do Barroso Project Summary Map - see PDF\n \nSavannah has a 75% interest in Slipstream Resources Portugal Unipessol Lda, which is the registered holder of the Mina do Barroso mining licence.\n \nCompetent Person and Regulatory Information\n \nThe information in this announcement that relates to exploration results is based upon information compiled by Mr Dale Ferguson, Technical Director of Savannah Resources Limited. Mr Ferguson is a Member of the Australian Institute of Mining and Metallurgy (AusIMM) an...