Saville Resources Inc. Completes its First Drill Holes at the Miranna Prospect on its Niobium Claim Group Property, Quebec
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
Saville Resources Inc. Completes its First Drill Holes at the Miranna Prospect on its
Niobium Claim Group Property, Quebec
July 29, 2021 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”) is pleased to
announce that it has completed four (4) drill holes at the Miranna Prospect as part of its 2021 diamond
drill program at its Niobium Claim Group Property (the “Property”), located in northern Quebec. The
program is being managed by Dahrouge Geological Consulting Ltd . of Edmonton, AB, with drilling
operations being carried out by Logan Drilling Ltd. of Stewiacke, NS.
The Company moved to the Miranna Prospect for its maiden drill testing after completing three (3) drill
holes totalling approximately 681 m at the Mallard Prospect, located approximately 1 km to the
southeast (see news release dated July 22nd, 2021). At Miranna, four (4) drill holes totalling approximately
668 m have now been completed, ranging in depth from 140 m to 236 m. The first two holes tested the
eastern margin of the magnetic high that defines the target, with the next two holes targeting the central
and northern margins of the target, respectively. The Company is pleased to report that coarse-grained
(up to 0.5 cm) pyrochlore mineralization has been observed in each Miranna drill hole, primarily hosted
within a magnetite -calcite Carbonatite rock unit. This rock unit correlates with one of several distinct
mineralized boulder trains that have been traced to the magnetic anomaly being drill tested.
Mike Hodge, President and CEO of the Company commented: “It is major milestone for the Company to
have collared our first drill holes at Miranna. Our technical team has developed this target over several
field seasons and is very excited to have been able execute this scoping series of drill holes. The
information gathered will allow us to refine and focus an aggressive follow-up phase of drilling over the
magnetic anomaly being targeted.”
Miranna is characterized by a strongly mineralized ( niobium-tantalum-phosphate), glacially dispersed
boulder train with an apex that correlates with a distinct magnetic high anomaly, which is interpreted to
be the source. Sample assays of the mineralized boulders from the train include 5.93% Nb2O5, 310 ppm
Ta2O5, and 11.5% P2O5; and 4.30% Nb2O5, 240 ppm Ta2O5, and 13.4% P2O5; as well as multiple additional
samples grading >1% Nb 2O5. The drill holes at Miranna are targeting the interpreted bedrock source of
this mineralized boulder train.
To date a total of approximately 1,348 m of NQ size coring over seven (7) drill holes have been completed
in the program with the drill now mobilized to the Ashram Deposit located nearby for drilling as part of
Commerce Resources Corp’s field program. The Company was able to exceed its target meterage (1,000
m) for the program due excellent coring rates and program management. The drill core is currently being
logged in detail ahead of sampling and shipment to the lab for assay with results to be released as
received.
The Company notes that it will carry-out its field programs while adhering to all federal, provincial, and
regional restrictions in place due to the COVID -19 pandemic. The Company has successfully navigated
the process to enter Nunavik and obtained authorization to complete its planned field activities. Mineral
exploration has been recognized as an essential service in Canada and the Province of Quebec.
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 prospective for niobium , tantalum, phosphate, and
fluorspar. The Property includes the Miranna Target, where prior boulder sampling in the area has
returned 5.9% Nb2O5 and 1,220 ppm Ta2O5, as well as the Mallard Prospect where drilling has returned
wide intercepts of mineralization, including 1.36% Nb 2O5 over 4.5 m, within a larger interval of 0.80%
Nb2O5 over 31.5 m (EC19-174A).
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 a broad and extensive fluorspar mineralized trend is interpreted to
continue to surface; the Company will utilize the dataset to produce a 3D model of the trend and prioritize targets w here
high-grade fluorspar -bearing carbonatite may overlap with high -grade niobium -bearing carbonatite; and that there is
potential for high-grade and wider widths where conditions are favourable. 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 potential inability of the Company to finance
its plans; the timing and content of upcoming work programs; geological interpretations based on drilling that may change
with more detailed informa tion; 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 fo r 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 cannot be obta ined. 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.