StockMarketWire.com - Savannah Resources, the AIM quoted resource development company, has announced further results from the ongoing reverse circulation (RC) drill programme at the Mina do Barroso Lithium Project in Portugal, where an area of new high-grade lithium mineralisation has been discovered.

Drill testing of the exploration target to the west and southwest of the main Grandao Deposit has led to the discovery of new high-grade lithium mineralisation which has been named "Grandao Extended".

Key results include: 90m at 0.96% Li₂O from surface including 31m at 1.06% Li₂O from surface and 34m at 1.37% Li₂O from 50m in 18GRARC65; 31m at 1.42% Li₂O from 47m in 18GRARC63; 18m at 1.52% Li₂O from 24m in 18GRARC50; 25m at 1.27% Li₂O from 34m in 18GRARC53; and 11m at 1.71% Li₂O from 45m in 18GRARC46.

Drilling to date at Grandao Extended has defined a zone of pegmatite approximately 300m long and 200m wide confirming the potential of the zone.

A total of 120 holes for 9,600m have been drilled to date as part of the ongoing RC drill programme across three primary targets of Grandao, Reservatorio and NOA.

Drill testing of Piagro Negro, Campo de Futebol and Romainho returned encouraging first pass results including: 15m at 0.4% Li₂O from surface in 18PGNRC01 (Piagro Negro); 13m at 0.5% Li₂O from 2m in 18CAMRC02 (Campo de Futebol); and 6m at 0.85% Li₂O from surface in 18ROMRC05 (Romainho).

The Hatch Scoping Study is on schedule to be completed towards the end of Q2 2018 together with a further mineral resource update.

Phase 3 of the metallurgical test work programme is progressing well and on schedule to be completed during Q3 2018 - six (480m drilled) out of the eight planned diamond holes to collect metallurgical drill samples at the Grandao and Reservatorio deposits have been completed.


At 8:09am:

[LON:BEM] Beowulf Mining PLC share price was 0p at 7.35p

[LON:BKY] Berkeley Energia Ltd share price was 0p at 46p

[LON:CEY] Centamin PLC share price was +0.9p at 153.25p

[LON:FDI] Firestone Diamonds PLC share price was 0p at 7.05p

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[LON:HOC] Hochschild Mining PLC share price was +2.15p at 199.85p

[LON:KMR] Kenmare Resources PLC share price was +1p at 216p

[LON:SAV] Savannah Resources share price was +0.25p at 5.85p

[LON:VED] Vedanta Resources PLC share price was +20.4p at 706.8p



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