Saville Resources Inc. Advances the Mallard Prospect with Mineralogical Analysis Ahead of 2020 Exploration
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
Saville Resources Inc. Advances the Mallard Prospect with Mineralogical Analysis
Ahead of 2020 Exploration
February 6th, 2020 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”) is pleased
to announce that it has completed preliminary mineralogical analysis on a suite of rock samples from the
Mallard Prospect, situated within the Niobium Claim Group Property (the “Property”), Quebec. The
Mallard Prospect is characterized by numerous drill intersections of high-grade n iobium, along with
variably associated high grades of tantalum, phosphate, and fluorspar.
Optical and scanning electron microscope (SEM) mineralogical analysis of thin sections was carried-out
on a total of fifteen (15) core samples collected during the 2019 drill program completed at the Mallard
Prospect. Analysis was completed at the University of Windsor as part of a research project related to
the genesis of the Eldor Carbonatite Complex and its niobium mineralizing event(s). The main highlights
indicated from the preliminary work are as follows:
1. Pyrochlore and columbite are the dominant niobium minerals present
2. There are indications that niobium has been mobilized – a mechanism that could potential ly
enhance the grade of a deposit
3. Mineralogy supports the model of a continuous niobium mineralized trend through the complex
Pyrochlore and columbite are the domina nt source minerals for niobium globally, and all the work to
date by the Company indicates that these are also the primary niobium-bearing minerals present on the
Property. In addition, grain sizes for the niobium minerals in the samples analyzed are estimated to range
from 0.03 mm to 3 mm, and are most commonly between 0.05 mm and 0.4 mm. These grain sizes are
encouraging from a commercial mineral processing perspective (see Figure 1).
From an exploration perspective, the mineralogical work on the Mallard core samples reported herein is
very encouraging and supports the prior work completed on surface rock and drill core samples from
other niobium-bearing areas of the complex, notably; the Northwest, Miranna, Spoke, and South Mallard
areas. Moreover, collectively, the data supports a continuous niobium mineralized trend connecting
through these areas, whereby Mallard, and potentially other targets/prospects, form key zones of higher
grade – potentially outlining areas where the niobium has preferentially mobilized to augment the grade.
Figure 1: Pyrochlore minerals in carbonate matrix (drill hole EC19-172)
In addition to the mineralogical work , as part of the research project at the University of Windsor, a
hydrochloric acid (HCl) leach to remove carbonates was completed on a piece of drill core from Mallard
in order to recover apatite for oxygen isotope analysis. However, as the pyrochlore mineral is resistant to
HCl attack, the test also resulted in the liberation of the pyrochlore (see Figure 2 below). The pyrochlore
recovered is of the typical brown colour with an octahedral habit (i.e. a “square bipyramid” shape).
Figure 2: Liberated pyrochlore minerals from HCl leach
Parallels to the Niobec Deposit
Numerous parallels may be drawn between the Company’s Mallard Prospect and the Niobec Deposit,
part of the Saint -Honoré Carbonatite Complex , located approximately 45 km east of Lac Saint -Jean,
Quebec. The Niobec Deposit started production in 1976 – now owned and operated by Magris Resources
Inc. – and it currently accounts for 8 to 10% of global production (1, 2). Both Mallard and Niobec are
carbonatites, a rock type dominated by carbonate minerals along with common accessory oxides,
silicates, apatite, sulphides, fluorite, and barite. The niobium mineralization at Niobec is hosted by fine-
grained (0.2 to 0.8 mm) pyrochlore and columbite minerals, while the recently completed mineralogical
work reported herein indicate that pyrochlore and columbite are the domina nt niobium-bearing
minerals at Mallard and are also of similar grain-size to that of Niobec. In addition, at both Mallard and
Niobec, the mineralization is present as moderate to steeply dipping elongate lenses. At Niobec, these
lenses have been outlined to significant depth (up to 750 m ), while at Mallard the lenses remain to be
delineated, including at depth, having been drill tested to generally less than 200 m vertically (see news
release dated September 16, 2019).
Management notes that mineralization/operations at Niobec may not necessarily be indicative to the
mineralization, or potential for development, of the Company’s Mallard Prospect. To date, no resource
has been determined nor economic studies completed for the Mallard Prospect.
Stock Options Granted
The Company has granted an aggregate of 5,225,000 stock options to certain directors, officers,
employees and consultants of the Company for the purchase of up to 5,225,000 common shares of the
Company pursuant to its Stock Option Plan. All options vest immediately upon the date of grant and are
exercisable for a period of 5 years at a price of $0. 05 per common share. Of the total, an aggregate of
2,700,000 stock options were issued to directors and officers of the Company.
All Securities issued w ill be subject to an Exchange Hold Period (as defined by the policies of the TSX
Venture Exchange) of four months and one day following the original issuance of such securities.
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.
Sources:
(1) www.niobec.com
(2) Vallieres, D. et al. 2013, NI 43-101 Technical Report, Update on Niobec Expansion, December 2013. IAMGOLD Corp., 203
pgs.
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, e ncompassing 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 uncert ainties 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 niobium has been mobilized – a mechanism that could potentia lly
enhance the grade of a deposit ; that Pyrochlore and columbite are the dominant source minerals on the property; that the
data supports a continuous niobium mineralized trend connecting through these areas ; and potentially other
targets/prospects, form key zones of higher grade . . 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; 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; 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.