Saville Resources Intersects 0.78% Nb2O5 over 16.0 m, including 1.07% Nb2O5 over 3.0 m, in Drill Hole at the Mallard Prospect, Niobium Claim Group Property, Quebec
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
Saville Resources Intersects 0.78% Nb2O5 over 16.0 m, including 1.07%
Nb2O5 over 3.0 m, in Drill Hole at the Mallard Prospect, Niobium Claim
Group Property, Quebec
January 23, 2023 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”)
is pleased to announce sample assay results for three (3) drill holes from its 202 2 drill
program at its Niobium Claim Group Property (the “Property”), located in northern Quebec.
The 2022 drill program, completed in August, totaled 600.0 m and focused on the Mallard
Prospect.
The 202 2 drill program targeted the niobium zone previously reported in drill hole
EC21-175 (1.00% Nb2O5 over 17.1 m) – see news release dated September 1, 2022 – further
at depth (EC22-201, 202, and 203) and along strike (EC22-203). The 2022 drill holes, each
drilled to 200 m depth, returned well -mineralized niobium intervals, and continue to
demonstrate the potential for a sizeable niobium mineralized zone to extend from depth to
surface, as well as laterally, at the Mallard Prospect (Figure 1 and Table 1).
Core sample assay highlights from the 2022 drilling at the Mallard Prospect include:
• 16.0 m of 0.78% Nb2O5 and 7.5% P2O5 (EC22-202), including,
o 3.0 m of 1.07% Nb2O5 and 8.9% P2O5
• 4.5 m of 0.94% Nb2O5 and 10.0% P2O5 (EC22-202)
• 8.6 m of 0.81% Nb2O5 and 6.7% P2O5 (EC22-203), including,
o 2.9 m of 1.32% Nb2O5 and 6.7% P2O5
Mike Hodge, Company President, CEO, and Director, comments: “We are encouraged by the niobium mineralization
extending to depth at the Mallard Prospect. The recent drill program has significantly improved our understanding
of the Prospect’s geology and potential. The results affirm the presence of a fertile niobium mineralized system
coupled with significant levels of tantalum and phosphate. We are now integrating the new drill information into our
geological model to focus the next stage of drilling.”
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
Table 1: 2022 drill hole results for the Mallard Prospect
The high -grade mineralization encountered in each hole is hosted within dark green
phoscorite-dolomite or phoscorite -calcite carbonatite units with minor to abundant
magnetite and local dolomitization. This rock type and mineralogy is consistent with the
previously drilled holes in 2019 and 2021, which are located west and south of the current
holes.
High-grade mineralized intervals are present near surface (0.78% Nb 2O5 over 16.0 m,
including 1.07% Nb2O5 over 3.0 m) and at depth (0.94% Nb2O5 over 2.5 m) in drill EC22-202.
This hole returned seven (7) samples >1.0% Nb 2O5, to a peak of 1.30% Nb 2O5 over 1.5 m,
and ended in mineralization with a final sample assaying 0.57% Nb 2O5. Additionally, drill
hole EC22-201 ended in mineralization with a final sample assaying 0.54% Nb2O5 as well as
ending within a high-grade tantalum interval (380 ppm Ta 2O5 over 8.0 m). Strong niobium
mineralization was encountered in all three (3) of the 2022 drill holes completed at the
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
Mallard Prospect and, collectively with the previous drilling, indicate a wide mineralized
footprint that remains open in all directions.
Quality Assurance / Quality Control (QAQC)
A quality assurance / quality control protocol following industry best practices was
incorporated by Saville Resources into the program and included systematic insertion of
quartz blanks and certified reference materials into sample batches, as well as collection of
quarter-core duplicates, at a rate of approximately 5%. Drill holes were sampled from top to
bottom and shipped to Activation Laboratories in Ancaster, ON for analysis.
Lab analysis included niobium, tantalum, and major oxides by X-ray fluorescence (custom
package 8-Coltan XRF + major oxides). No fluorine analysis was completed on the 2022 drill
core. Standard drill core sample preparation was completed and comprised of c rushing to
80% passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95% passing 105 µ
(package RX1).
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
Figure 1: 2022 drill assay highlights – Mallard Prospect
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
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 in National Instrument 43-101
– Standards of Disclosure for Mineral Projects , supervised the prepa ration 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% Nb 2O5 and
1,220 ppm Ta 2O5, as well as the Mallard Prospect where drilling has returned wide
intercepts of mineralization, including 1.00% Nb2O5 over 17.1 m, within a larger interval of
0.82% Nb2O5 over 42.3 m (EC21-175).
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 the drill holes demonstrated the potential for a sizeable niobium
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
mineralized zone to extend from depth to surface and laterally; that the drill information will
be incorporated into our geological model to focus on our next stage of drilling; and that the
2022 drill holes and the previous drill holes indicate a wide mineralized footprint. 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 pot ential 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 a s 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.