StockMarketWire.com - Savannah Resources said the first phase of the exploration programme aimed at defining a JORC resource at the Mina do Barroso lithium project, northern Portugal, has now been completed.

Savannah has a 75% interest in Slipstream Resources Portugal Unipessol Lda, which is the registered holder of the Mina do Barroso mining licence.

"We're pleased that our mapping, as a preliminary to drilling, has extended the surface expressions of three major lithium bearing pegmatites at Mina do Barroso," said CEO David Archer in a statement.

"This will help us in our drill hole targeting for our upcoming drill programme as we look to ultimately define a JORC resource to support mine development.

"Based on previous drilling and channel sampling, the three pegmatites mapped have been shown to have relatively high-grades of Li2O and we look forward to converting this into a commercial resource."




At 9:47am: [LON:SAV] Savannah Resources share price was +0.25p at 5.38p



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