Savannah Resources plc (LON: SAV) (‘Savannah’ or ‘the Company’), the AIM quoted resource development company, has today announced 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:
HIGHLIGHTS:
· RC drill programme has re-started at Mino do Barroso mining lease
· 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
· Further mapping of the mining lease area is also underway to map and define other lithium bearing pegmatites
Savannah Resources plc 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.”
Figure 1. Photograph of Drill Rig at NOA Prospect Mina do Barroso – see PDF
Figure 2. Mina do Barroso Project Summary Map – see PDF
Savannah has a 75% interest in Slipstream Resources Portugal Unipessol Lda, which is the registered holder of the Mina do Barroso mining licence.
