Savannah reports ‘siginificant’ lithium intersections at Portugal project
The reverse circulation drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday.
The company has completed a further 27 holes for 2 566 m, with assays for the first 11 holes confirming extensions to the existing mineralisation.
At the Reservatorio deposit, drilling extended lithium mineralisation to more than 400 m strike length, with down dip extensions of at least 150 m. Results from the second round drilling include 29 m at 1.07% Li2O from 43 m in 17RESRC10 and 35 m at 1.06% Li2O from 56 m in 17RESRC11.
At the NOA deposit, drilling has confirmed the presence of lithium mineralisation over a 100 m strike length together with down dip extensions of at least 50 m. Results received to date include 113 m at 1.19% Li2O from 7 m in 17NOARC03 and 11 m at 1.23% Li2O from 46 m in 17 NOARC04.
Savannah reported that the Reservatorio, Grandao and NOA deposits remained open along strike and down dip, leaving upside potential for all deposits.
A maiden mineral resource estimate for Reservatorio is expected by the end of the year.
“The drilling results to date continue to underscore the potential of the Mina do Barroso Project to be a strategic upstream feature in the European lithium value chain. From an investment perspective, we see the project as the closest European analogue to the very successful Australian hard-rock, opencut mine developments, which produce highly sought-after lithium spodumene concentrates for international markets.
“Drilling and metallurgical test work is ongoing and will be used to support an early scoping study around a potential mine development,” said Savannah CEO David Archer.
Source: miningweekly
Latest Posts
- Serbia, The real plans of the Jadar project
- Eurasian Resources Group highly commends the publication of the Critical Raw Materials Act
- Rio Tinto has spent more than a million euros on land in Serbia at the proposed site of a lithium mine that was eventually cancelled a year ago
- A new grievance mechanism for Chinese overseas mining needs to be free to use
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
Popular Post
- Serbia, The real plans of the Jadar project
- Avala Resources shareholders invited to approve transaction with Dundee, copper-gold projects in Serbia
- Canadian mining companies in Europe & ISDS
- Rosia Montana in Romania, UNESCO protection and value of civic action
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- What Are The Major Natural Resources Of Macedonia?
- Gazprom-OMV deal exclude Romania OMV refinery
- Lithium extraction in Europe
- How valuable is Kosovo’s mineral wealth?
- Serbian calcite exploitation company Belkalhan opening supply channels toward Europe industrial users for delivery contracts 2024/2025