Saville Discovers High-Grade Niobium-Tantalum Boulders, And Possibly The Source, Ahead Of Drilling
Today, Saville Resources Inc. reported lab results from its inaugural exploration program at its Niobium Claim Group Property in Québec. Most importantly for the upcoming drill program, the source of these strongly mineralized boulders appears to be found now.
The results speak for themselves and show the vast potential to make a major discovery with the upcoming drilling program:
• “A total for 14 rock samples with assays >0.80% Nb2O5, to a peak of 1.50% Nb2O5. Strong tantalum associated with best overall sample assaying 0.88% Nb2O5 and 1,080 ppm Ta2O5
• Discovery of new target area with boulder assays of 1.28% Nb2O5 and 0.88% Nb2O5
• Detailed ground magnetic survey completed over the Miranna and Southeast area targets
• Multiple target areas now drill ready“
To put this into perspective: Most of the current exploration, development and operating niobium mines have resource grades with a minimum of 0.3% Nb2O5.
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.
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).
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