Saville Resources Inc. Advances the Fluorspar Potential at Mallard
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
Saville Resources Inc. Advances the Fluorspar Potential at Mallard
July 23rd, 20 20 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”) is
pleased to provide an update on the data review and interpretation of the fluorspar (CaF 2)
potential in the Mallard area of the Company’s Niobium Claim Group Property (the “Property”),
Quebec. The Mallard Prospect is characterized by numerous drill intersections of high -grade
niobium, along with variably associated high grades of tantalum, phosphate, and fluorspar.
The fluor spar potential at the Mallard Prospect was first highlighted in news release dated
November 26th, 2019, where several historical drill holes intersected strong mineralization. This
includes drill holes EC08-016, EC10-033, and EC11-040 with 31.6% CaF2 over 20.8 m, 26.1% CaF2
over 32.4 m , and 39.8% CaF 2 over 6.6 m, respectively. The Company is pleased to report that
further review of the historical drill logs, coupled with the findings from the recent 2019 drilling,
has outlined a mineralized fluorspar trend, within the primary niobium trend, which is broader
and more extensive than previously understood.
The fluorspar trend extends northwest from a 2008 drill hole fence, located approximately 425
m southeast of EC19 -174A, and continues through the Mallard Prospect (see Figure 1) . The
fluorspar trend extends for at least 600 m and is open to the northwest, southeast, downdip,
and is interpreted to continue to surface where it is obscured by a shallow veneer of
overburden. Fluorspar mineralization is readily observable to the naked eye as the fluorspar
present is purple in colour and relatively abundant where grades are of interest.
As a next step, t he Company is compiling the available sample assay pulps for the 2008 and
2019 drill core for the intervals of interest , which will be sent to Activation laboratories in
Ancaster, ON for fluorine analysis. Drill holes included in this assay batch are EC08-014, 016,
018, 021, 024, EC19-172, 173, and 171A.
Potential for high-grade niobium intervals with fluorspar mineralization
The fluor spar at Mallard is purple in colour and may be pervasive to banded within its
carbonatite host . Textures of the fluorspar horizons indicate crystallization from late stage
hydrothermal fluids, which either replaced the host rock (i.e. altered) or was emplaced as veins
and breccia infill . The replacement style is interpreted to have a stronger potential for fluorite
enrichment (i.e. higher grades). Based on the assays to date, the fluorspar is found to be
associated with moderate grades of niobium, tantalum, and phosphate, each considered to be a
potentially recoverable commodity in this geological setting. Further, the fluorine analytical data
also indicates there is no grade correlation with niobium. This finding suggests that high-grade
niobium zones have the potential to overlap with high-grade fluorspar zones and highlights a
key style of mineralization to target within these two overlapping trends.
Figure 1: Interpreted fluorite mineralized trend within the wider niobium trend
Fluorspar Market
Fluorspar is an essential raw material to the steel, aluminum, and chemical industries and is
consumed during use and therefore cannot be recycled, resulting in new production being
required over time to meet global demand. China is the world’s largest producer and consumer
of fluorspar and i n the last few years has become a net importer of the commodity . This has
driven significant price appreciation for fluorspar, and market interest from industry in new
sources.
Acid-spar (> 97% CaF2), accounting for roughly two -thirds of the market, is primarily used to
manufacture hydrofluoric acid (HF) and subsequent fluorochemicals , which are used in a
variety of modern consumer products including an estimated half of all new medicines (Roskill,
2019). Acid -spar is also used in the production of aluminum metal, to reduce process
temperatures and energy consumption, and is also a key raw ingredient of materials used in
enhancing the operational performance of lithium-ion batteries.
Met-spar (> 60% CaF2), accounting for roughly one -third of the global fluorspar market, is
primarily used as a flux in the steel making process to lower the melting temperature, as well as
to reduce slag viscosity and remove impurities. Met -spar is also used as a flux in the cement
industry to speed up the calcination process.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P .Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the
Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43 -
101, supervised the preparation of the technical information in this news release.
About Saville Resources Inc.
The Company’s principal asset is the Niobium Claim Group Property, situated within the central
Labrador Trough, Quebec, and currently under Earn -In Agreement from Commerce Resources
Corp. for up to a 75% interest. The Property consists of 26 contiguous mineral claims,
encompassing an area of approximately 1,223 hectares, and is considered highly prospective for
niobium and tantalum. The Property includes portions of the high -priority, and drill ready,
Miranna Target where prior boulder sampling in the area has returned 5.9% Nb2O5 and 1,220
ppm Ta2O5, as well as the Northwest and Southeast areas (Mallard Prospect) where drilling has
returned wide intercepts of mineralization, including 0.61% Nb2O5 over 12.0 m (EC08 -008) and
1.36% Nb2O5 over 4.5 m, within a larger interval of 0.80% Nb2O5 over 31.5 m (EC19 -174A),
respectively.
On Behalf of the Board of Directors
SAVILLE RESOURCES INC.
“Mike Hodge”
Mike Hodge
President
Tel: 604.681.1568
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ from those projected in the forward-looking
statements. Forward looking statements in this press release include that each of niobium, tantalum, and
phosphate are potentially recoverable commodities on the property, that high-grade niobium zones have the
potential to overlap with high-grade fluorspar zones, the sale of the fluorspar would reduce the footprint of the
Project’s tailings management facility as well as provide another revenue stream while also serving as a source of
secure supply for the market; and that additional infill drilling may be considered ahead of a resource update,
anticipated in 2020. These forward-looking statements are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those projected in the forward-looking
information. Risks that could change or prevent these statements from coming to fruition include changing costs
for mining and processing; increased capital costs; the timing and content of upcoming work programs and reports
produced on work done; geological interpretations based on drilling that may change with more detailed
information; potential process methods and mineral recoveries assumption based on limited test work and by
comparison to what are considered analogous deposits that with further test work may not be comparable; testing
of our process may not prove successful and even it tests are successful, the economic and other outcomes may
not be as expected; the availability of labour, equipment and markets for the products produced; and despite the
current expected viability of the project, conditions changing such that the minerals on our property cannot be
economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The
forward-looking information contained herein is given as of the date hereof and the Company assumes no
responsibility to update or revise such information to reflect new events or circumstances, except as required by
law.