Saville Resources Inc. Provides Update on its Upcoming Summer Drill Program at 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. Provides Update on its Upcoming Summer Drill Program at its
Niobium Claim Group Property, Quebec
June 28, 2021 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”) is pleased to
provide an update on its upcoming diamond drill program at its Niobium Claim Group Property (the
“Property”), located in northern Quebec. The Company will carry-out its program concurrently with the
drill program by Commerce Resources Corp . on the Ashram Deposit located proximal. The overlap of
the two programs is expected to result in significant cost savings through shared drill rig mobilization,
camp operation, and other mutual program support costs.
The program will be carried out with Logan Drilling Ltd of Stewiacke, NS, contracted for approximately
1,000 m of NQ core drilling over an estimated three (3) to five (5) holes. The positioning of the drill rig
and equipment will commence shorty with final mobilization to the Property tentatively scheduled for
July 10th to 12th, 2021 and drilling planned to last through early August.
The drilling will include several follow-up holes at the Mallard Prospect, where the final drill hole of the
2019 program – EC19-174A – returned 1.36% Nb2O5 over 4.5 m, within a larger interval of 0.80% Nb2O5
over 31.5 m (see news release dated June 11 th, 2019). Mallard is the most advanced prospect on the
Property and is characterized by a series of sub -parallel, elongate, moderate to steeply dipping,
northwest trending mineralized horizons that extend from surface and remain open in all directions.
In addition to follow -up drilling at the Mallard Prospect, the Company intends to complete one (1) to
two (2) drill holes at the Miranna Target, which has not been drill tested prior. The Miranna Target 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% P 2O5; and 4.30% Nb 2O5, 240 ppm Ta 2O5, and 13.4% P 2O5; as well as multiple additional
samples grading >1% Nb 2O5. The drill holes at Miranna will target the interpreted bedrock source of
this mineralized boulder train.
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 navigate d
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 consis ts 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 incl ude our plans to drill at the Ashram project and expected timing, that the
overlap of the two programs is expected to result in significant cost savings through shared drill rig mobilization, camp
operation, and other mutual program support costs; 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 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 cannot 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.