Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah' or the 'Company'), the resource development company, is pleased to announce further results from the ongoing reverse circulation ('RC') and diamond core ('Diamond') drill programme at the
Mina do Barroso Lithium Project ('the Project') located in northern Portugal
.
HIGHLIGHTS:
- Ongoing Reverse Circulation ('RC') and diamond drilling at Grandao intersects further higher-grade lithium mineralisation over significant widths, with the widest intersection recorded so far at Mina do Barroso
- Key results at Grandao include:
- 30m at 1.33% Li₂O from 45m in 18GRARC106
- 99m at 1.46% Li₂O from 20m and 18.9m at 1.02% from 122m in 18GRARC108
- 35.9m at 1.24% Li₂O from 51m in 18GRARC109
- 33m at 1.28% Li₂O from 50m in 18GRARC110
- 23m at 1.4% Li₂O from 99m in 18GRARC111
- 23m at 1.14% Li₂O from 57m in 18GRARC115
Savannah's CEO, David Archer said: "We continue to see outstanding results from the drilling of Grandao. These results, together with the recent drill results announced on 26 July are being incorporated into our fourth and latest Mineral Resource study, which we hope to be in a position to announce shortly. We believe this study will continue to underpin the significant value potential of our flagship Mina do Barroso lithium project as we continue to advance towards making a development decision next year.
"With additional highly prospective targets now also beginning to be tested and positive progress being made as we continue to advance development aspects of the Project, Mina do Barroso continues to deliver, underscoring its increasing strategic significance to the European lithium value chain as Western Europe's largest spodumene lithium deposit."
To view the full press release use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/9069Z_1-2018-9-5.pdf
For further information please visit
www.savannahresources.com or contact:
David Archer |
Savannah Resources plc |
Tel: +44 20 7117 2489 |
David Hignell / Dugald J. Carlean (Nominated Adviser) |
Northland Capital Partners Ltd |
Tel: +44 20 3861 6625 |
Christopher Raggett / Camille Gochez (Broker) |
finnCap Ltd |
Tel: +44 20 7220 0500 |
Grant Barker (Equity Adviser) |
Whitman Howard |
Tel: +44 020 7659 1225 |
Charlotte Page / Lottie Wadham (Financial PR) |
St Brides Partners Ltd |
Tel: +44 20 7236 1177 |
About Savannah
Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of our staff and the communities we work with.
The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: AFM, and the Börse Stuttgart (SWB) under the ticker "SAV".
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