Report
Stephan Bogner

Saville reports impressive niobium drill results from Quebec, outshining previous holes and other niobium projects globally

Today, Saville Resources Corp. is making headlines again as the company announced “the most well-mineralized niobium drill hole completed to date at the Mallard Prospect within its Niobium Claim Group Property“ in Québec, Canada.

Assays for drill hole EC19-174A have returned “the strongest and widest mineralized intervals of niobium to date on the Property“, as Saville pointed out. “Starting from only 17 m depth (core length), results include 0.80% Nb2O5 over 31.5 m, including 0.98% Nb2O5 over 13.5 m or 1.36% Nb2O5 over 4.5 m, as well as a second sub-interval of 1.04% Nb2O5% over 7.7 m. This near-surface mineralization is followed by a second well-mineralized interval, starting from 96.5 m depth (core length), which assays 0.79% Nb2O5 over 37.0 m, including 1.01% Nb2O5 over 7.5 m, as well as a third mineralized horizon assaying 0.67% Nb2O5 over 20.0 m. A total of eleven (11) individual samples from EC19-174A returned >1% Nb2O5 with a peak sample of 1.68% Nb2O5 over 1.5 m.“

Saville‘s President, Mike Hodge, commented in today‘s news-release: “We are absolutely thrilled with the results of our maiden drill program at Mallard. Not only was the first hole of the program better than all the niobium holes completed historically, it was further surpassed by the last hole of the program (EC19-174A), which is the most well-mineralized niobium drill hole to date on the Property. As such, the potential at Mallard has increased considerably as a result of our drilling this past winter, and we are very excited for Phase II as we continue to delineate the mineralized body.“

Underlyings
China Molybdenum Co. Ltd. Class A

China Molybdenum Co. Ltd. Class H

COMMERCE RES CORP

Commerce Resources is engaged in the business of acquiring, exploring, developing and evaluating mineral resource properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. is in the exploration stage and has interests in properties located in British Columbia and Quebec, Canada. The recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable reserves, continuation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain financing to complete their development, and future profitable production or disposition thereof.

Saville Resources Inc.

Provider
Rockstone Research
Rockstone Research

Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).

Analysts
Stephan Bogner

Other Reports on these Companies
Other Reports from Rockstone Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch