RE:Are the drill results good?To put this into perspective: Most of the current exploration, development and operating niobium mines have resource grades with a minimum of 0.3% Nb2O5. Today, Saville Resources Inc. announced results for the first of four drill holes sampled from the Mallard Target at the Niobium Claim Group Property in Qubec, Canada. With drill results pending from three other holes, Saville could be onto something of great significance.
Saville today reported that the first hole (EC19-171) of its maiden drill program has returned “the widest high-grade niobium intercept to date on the Property at 0.70% Nb2O5 over 38.3 m, including 1.10% Nb2O5 over 5.4 m, starting from 71 m depth“, the company stated in its news-release.
“In addition, another wide intercept of strong niobium mineralization was intersected further downhole, returning 0.60% Nb2O5 over 37.2 m, as well as another intercept of 0.76% Nb2O5 over 7.5 m higher up in the hole. Therefore, the drill hole achieved its primary objective and was successful in extending the strike of the high-grade niobium mineralization by approximately 60 m to the southeast of historic drill hole EC10-033.“...
Not only the wider than expected intercept of high-grade niobium is impressive but also the strong tantalum and phosphate by-product potential throughout the hole as Saville noted today:
“The entirety of EC19-171 was sampled, and assayed 0.51% Nb2O5 over 175.9 m and effectively bottomed in mineralization with two of the last four samples assaying >0.90% Nb2O5“, the company noted.
“The wide intercepts of niobium mineralization are also accompanied by strong tantalum and phosphate mineralization as presented in Table 1. In addition, a near-surface intercept of high-grade tantalum at 267 ppm Ta2O5 over 26 m was also returned starting from 23 m depth.“
Moreover, there is strong potential of fluorspar occurrences elsewhere on the Niobium Claim Group Property as historical exploration has indicated.
The Trump Administration has deemed niobium, tantalum, and fluorspar critical for economic and national security as the US remains 100% net import reliant on these commodities, which are also included in the new tariff regime.
https://rockstone-research.com/index.php/en/research-reports/5513-On-A-Winning-Streak-In-The-Midst-Of-Trade-Wars-Saville-Drills-High-Grade-Niobium-In-Quebec