Savannah Resources PLC: Three New Lithium Pegmatites Discovered at the Pinheiro Deposit Mina do Barroso Lithium Project, Portugal

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DGAP-Media / 2018-11-09 / 13:37 
 
*Savannah Resources Plc* 
 
*Three New Lithium Pegmatites Discovered at the Pinheiro Deposit* 
*Mina do Barroso Lithium Project, Portugal* 
 
*HIGHLIGHTS:* 
 
  · Reverse circulation ('RC') drilling at the Pinheiro Deposit has returned 
  a series of significant lithium intersections in three newly discovered 
  pegmatites over considerable strike (>250m) and depths (>100m) 
  highlighting the area's potential to host further deposits. 
 
  · Significant potential to further increase the current Mineral Resource 
  Estimate of over 20Mt (over 200,000t contained Li2O) which has already 
  been increased +500% since acquisition last year 
 
  · Key lithium intersections at Pinheiro include: 
 
  · 23m at 1.14% Li2O from 9m in 18PNRRC003 
 
  · 14m at 1.21% Li2O from 18m in 18PNRRC004 
 
  · 90m at 1.23% Li2O from 39m incl. 34m at 1.6% Li2O from 94m in 
  18PNRRC005* 
 
  · 69m at 1.29% Li2O from 20m incl. 24m at 1.58% Li2O from 48m in 
  18PNRRC007* 
 
  · 35m at 1.19% Li2O from 16m incl. 21mm at 1.45% Li2O from 19m in 
  18PNRRC009 
 
  · This new discovery is likely to positively impact the current 
  Feasibility Study and further work at Pinheiro will now be fast tracked so 
  that it can be included. 
 
  · Infill RC at both Reservatorio and NOA deposits confirms the continuity 
  and grade of the mineral resource estimate reported in February 2018. 
 
  · Reservatorio deposit: 
 
  · 23m at 1.29% Li2O from 24m in 18RESRC023 
 
  · 27m at 1.03% Li2O from 24m in 18RESRC026 
 
  · 24m at 1.00% Li2O from 26m in 18RESRC029 
 
  · 42m at 1.21% Li2O from 51m in 18RESRC033 
 
  · 27m at 1.08% Li2O from 58m in 18RESRC037 
 
  · NOA deposit: 
 
  · 19m at 0.97% Li2O from 99m in 18NOARC012 
 
  · 21m at 0.92% Li2O from 57m in 18NOARC013 
 
  · Drilling has expanded both the Reservatorio and NOA deposits with 
  lithium mineralisation confirmed over strike lengths of 500m and 400m 
  respectively and both deposits remain open and further drilling will be 
  planned. 
 
  · Drilling at the project now totals 275 holes for 23,072m including both 
  RC and Diamond holes. 
 
  · Phase 3 of the metallurgical test work programme is ongoing and 
  scheduled to be completed in Q4 2018. 
 
** Intersections are partly down dip* 
 
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') drilling programmes for 
the Reservatorio, NOA and Pinherio deposits at the Mina do Barroso Lithium 
Project ('the MdB Project'), located in northern Portugal *(Figure 1). * 
 
*Savannah's CEO, David Archer said*: "The ongoing drilling at the MdB 
Project continues to deliver excellent results both in terms of grades and 
widths. The drilling has outlined what is now the fourth major deposit on 
the mining lease and highlights the still unconstrained nature of the 
resource potential of the overall lease area. Having already increased our 
Mineral Resource Estimate by +500% in a little over a year we are excited by 
the discovery of three new pegmatites at the Pinherio deposit which could 
further enhance the scheduling flexibility of a mine development and add to 
the overall mine life at Mina do Barroso." 
 
To view the press release with the illustrative maps and diagrams please use 
the following link: 
http://www.rns-pdf.londonstockexchange.com/rns/5474G_1-2018-11-6.pdf [1] 
For further information please visit www.savannahresources.com [2] or 
contact: 
 
David Archer             Savannah Resources    Tel: [phone] 
                         plc                   2489 
David Hignell / Dugald   Northland Capital     Tel: [phone] 
J. Carlean (Nominated    Partners Ltd          6625 
Adviser) 
Christopher Raggett /    finnCap Ltd           Tel: [phone] 
Camille Gochez (Broker)                        0500 
Grant Barker (Equity     Whitman Howard        Tel: +44 020 
Adviser)                                       7659 1225 
Charlotte Page / Lottie  St Brides Partners    Tel: [phone] 
Wadham (Financial PR)    Ltd                   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". 
 
End of Media Release 
 
Issuer: Savannah Resources PLC 
Key word(s): Enterprise 
 
2018-11-09 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
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Archive at www.dgap.de 
743833 2018-11-09 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7989157356d1c934fc29d5383e7b932b&application_id=743833&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8fc7c21be232c3d683d55d027ddc4129&application_id=743833&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

November 09, 2018 07:38 ET (12:38 GMT)