Saville Resources Intersects 1.00% Nb2O5 over 17.1 m, including 1.39% Nb2O5 over 5.1 m, in Drill Hole at the Mallard Prospect, Niobium Claim Group Property, Quebec
November 01, 2021 at 01:41 pm
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Saville Resources Inc. announced sample assay results for the first three (3) drill holes of its 2021 diamond drill program at its Niobium Claim Group Property, located in northern Quebec. The 2021 drill program, completed in July, included seven (7) holes totaling 1,349 m split over two prospects ? Mallard (681 m over 3 holes) and the Miranna Prospect (668 m over 4 holes). Core sample assay highlights at Mallard include: 42.3 m of 0.82% Nb2O5, 153 ppm Ta2O5, and 8.7% P2O5 (EC21-175), including, 17.1 m of 1.00% Nb2O5, 136 ppm Ta2O5, and 8.3% P2O5, or 5.1 m of 1.39% Nb2O5, 148 ppm Ta2O5, and 12.0% P2O5; 12.4 m of 0.84% Nb2O5, 186 ppm Ta2O5, and 11.3% P2O5 (EC21-176), including, 3.8 m of 1.06% Nb2O5, 151 ppm Ta2O5, and 12.9% P2O5; and 29.7 m of 0.61% Nb2O5, 251 ppm Ta2O5, and 6.8% P2O5 (EC21-177). The initial three holes of the drill program, completed at the at the Mallard Prospect (EC21-175, 176, and 177), were designed as 50 m step-outs along strike to the southeast of the high-grade intersection in drill hole EC19-174A, which was completed as the final drill hole of the 2019 program, returning 1.36% Nb2O5 over 4.5 m, within a larger interval of 0.80% Nb2O5 over 31.5 m. The Company reported that the 2021 drill program has returned the best niobium intercept to date from the Property at 1.00% Nb2O5 over 17.1 m, within a larger interval of 0.82% Nb2O5 over 42.3 m, including a peak sample assay of 1.73% Nb2O5 (Table 1). In addition to the high-grades of niobium, drill intercepts continue to return coincident and significant tantalum and phosphate mineralization.
Saville Resources Inc. is a Canada-based exploration stage company. The Company is focused on the global acquisition, exploration, development and mining of mineral properties. The Company holds interests in mineral properties in Quebec and focuses on expanding its portfolio of mineral properties. The Company's primary asset is the Niobium Claim Group Property located in Nunavik, Quebec (the Property). The Company holds an option to acquire up to a 75% interest in the Property from Commerce Resources Corp. The Property is an early-stage mineral exploration asset and is prospective for carbonatite-hosted niobium, tantalum, phosphate, and fluorspar. Its Covette Property, which consists of about 65 mineral claims totaling approximately 3,370 hectares, is located in Quebec's James Bay region, about 190 kilometers east of Radisson, QC.
Saville Resources Intersects 1.00% Nb2O5 over 17.1 m, including 1.39% Nb2O5 over 5.1 m, in Drill Hole at the Mallard Prospect, Niobium Claim Group Property, Quebec