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Savannah Resources Ord Shs SAVNF

Metals & Mining Industrial Metals & Minerals
Savannah Resources Plc is a lithium development company. The Company is focused on developing the Barroso Lithium Project in Portugal, Europe's spodumene lithium deposit. The Barroso Lithium Project contains significant spodumene lithium resources in Western Europe, consisting of five deposits, including Grandao, Reservatorio, Pinheiro, NOA and Aldeia. The Barroso Lithium Project is located in northern Portugal near the town of Boticas and around 145 kilometers (km) by road from the deep-water port of Leixoes near the city of Porto. The Barroso Lithium project covers an area of 8.36 square kilometers (km2) in the Barroso hills of northeast Portugal and consists of the C-100 Mining Lease (5.42km2) and an adjacent, three block, mining lease application area (2.94 km2). It owns significant lithium raw material assets within the European Union. By responsibly producing lithium raw material, it actively supports the creation of a new lithium value chain in Portugal and the rest of Europe.


OTCPK:SAVNF - Post by User

Savannah Resources Ord Shs
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Post by ScandiumPoweron Mar 12, 2024 4:06am
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Post# 35927844

Savannah – Pinheiro drilling results update

Savannah – Pinheiro drilling results update
Lithium grades and tonnages increasing!

Highlights:
• Results from the drilling at Pinheiro highlight a new zone of high-grade lithium in the deposit’s Western Pegmatite. Pinheiro currently has two mineralised pegmatites identified.
• Six Reverse Circulation (‘RC’) holes were drilled to test the extent and mineralisation of the Western Pegmatite for resource upgrade purposes. Two further holes, drilled as part of the hydrogeological assessment programme, also intersected the same pegmatite.
• Best results from five of the RC holes and the two hydrogeological holes include:
o 76m @ 1.85% Li2O from 24m in 24PNRRC024 including 39m @ 2.21% Li2O from 38m and 10m @ 2.28% Li2O from 80m.
o 46m @ 1.65% Li2O from 84m in EX7 (hydrogeological hole) including 14m @ 2.15% Li2O from 97m.
o 85m @ 1.45% Li2O from 45m in EX9 (hydrogeological hole) including 39m @ 2.15% Li2O from 59m.
• As the holes were
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