Saville Resources Intersects 1.00% Nb2O5 over 17.1 m, including 1.39% Nb2O5 over 5.1 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 1.00% Nb2O5 over 17.1 m, including 1.39% Nb2O5 over
5.1 m, in Drill Hole at the Mallard Prospect, Niobium Claim Group Property, Quebec
November 1, 2021 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”) is pleased
to announce sample assay results for the first three (3) drill holes of its 2021 diamond drill program at its
Niobium Claim Group Property (the “Property”), located in northern Quebec. The 2021 drill program ,
completed in July, included seven (7) holes totalling 1,349 m split over two prospects – Mallard (681 m
over 3 holes) and the Miranna Prospect (668 m over 4 holes).
Core sample assay highlights at Mallard include:
• 42.3 m of 0.82% Nb2O5, 153 ppm Ta2O5, and 8.7% P2O5 (EC21-175), including,
o 17.1 m of 1.00% Nb2O5, 136 ppm Ta2O5, and 8.3% P2O5, or
o 5.1 m of 1.39% Nb2O5, 148 ppm Ta2O5, and 12.0% P2O5,
• 12.4 m of 0.84% Nb2O5, 186 ppm Ta2O5, and 11.3% P2O5 (EC21-176), including,
o 3.8 m of 1.06% Nb2O5, 151 ppm Ta2O5, and 12.9% P2O5
• 29.7 m of 0.61% Nb2O5, 251 ppm Ta2O5, and 6.8% P2O5 (EC21-177)
The initial three holes of the drill program, completed at the at the Mallard Prospect (EC21-175, 176, and
177), were designed as 50 m step-outs along strike to the southeast of the high-grade intersection in drill
hole EC19-174A, which was completed as the final drill hole of the 2019 program, returning 1.36% Nb2O5
over 4.5 m, within a larger interval of 0.80% Nb2O5 over 31.5 m (see news release dated June 11th, 2019).
The Company is pleased to report that the 2021 drill program has returned the best niobium intercept
to date from the Property at 1.00% Nb2O5 over 17.1 m, within a larger interval of 0.82% Nb2O5 over
42.3 m , including a peak sample assay of 1.73% Nb2O5 (Table 1). In addition to the high-grades of
niobium, drill intercepts continue to return coincident and significant tantalum and phosphate
mineralization.
Mike Hodge, President and CEO of the Company commented: “The Mallard Prospect continues to
impress with visible pyrochlore and very-high grades of niobium in drill core , as well as intercepts
strengthening with each successive drill program . We feel we have only ‘scratched the surface’ of the
potential Mallard holds, and we are very excited to execute a considerably more expansive drill program
once financing is in place”
Table 1: 2021 drill hole results for the Mallard Prospect
Prospect Hole ID From
(m)
To
(m)
Interval
(m)
Nb2O5
(%)
Ta2O5
(ppm)
P2O5
(%) Comments
Mallard
EC21-175 3.5 13.0 9.5 0.75 163 10.3 Collared in mineralization
106.5 148.8 42.3 0.82 153 8.7
including 112.5 129.6 17.1 1.00 136 8.3
or 115.5 120.6 5.1 1.39 148 12.0 1.73% Nb2O5 peak assay
Mallard
EC21-176 53.5 71.0 17.5 0.70 39 7.4 1.16% Nb2O5 peak assay
64.5 66.0 1.5 1.14 35 11.6
104.9 117.2 12.4 0.84 186 11.3 1.19% Nb2O5 peak assay
including 113.4 117.2 3.8 1.06 151 12.9
140.1 148.0 7.9 0.78 203 4.5 1.30% Nb2O5 peak assay
Mallard EC21-176 82.27 106.1 23.8 0.61 111 8.9
131.7 161.4 29.7 0.61 251 6.8
(1) Analytical detection limit for Ta2O5 is 0.002%.
(2) Intervals reported are core length. True width is not fully constrained; however, data indicates core length widths approximate
90%+ of true width.
(3) All drill holes are NQ core size, with approximate azimuth/dip of 230°/45°.
All drill holes completed at Mallard were completed at an orientation of 230°/45°, to cross-cut the local
geological trend, with depths ranging from 221 to 239 m.
The Mallard Prospect is characterized by a series of sub -parallel, elongate, moderate-steeply dipping,
northwest striking mineralized horizons that extend from surface and remain open in all directions. These
higher-grade mineralized horizons are surrounded by halos of moderate to low grade niobium
mineralization. Coincident and significant grades of tantalum and phosphate are also associated with
both moderate and high-grade niobium zones. In addition, w ell-mineralized fluorite zones were
encountered in the 2021 Mallard drill holes, supporting the interpreted extension of the fluorite zone to
the southeast (Table 2).
Table 2: 2021 fluorspar drill intercepts at the Mallard Prospect
Prospect Hole ID From
(m)
To
(m)
Interval
(m)
F
(%)
CaF2
(%)(1)
Nb2O5
(%)
Mallard
EC21-175 159.0 166.4 7.4 13.6 27.9 0.36
EC21-176 120.4 127.7 7.2 12.4 25.4 0.40
EC21-177 107.0 110.1 3.1 8.4 17.2 0.28
(1) Fluorspar content (CaF2) is approximated by multiplying the fluorine assay by 2.055 and
assumes the fluorspar is the sole source to the fluorine.
(2) Fluorspar intervals reported are core length. True width is not known.
Given the elongate nature of the mineralization at Mal lard, as well as the moderate-steep dip, the
mineralized horizons encountered at depth in each hole have a reasonable potential to continue down-
dip, as well as up-dip and potentially to surface. Drill hole EC21-175 was collared in mineralization with
0.75% Nb2O5 over 9.5 m confirming potential for additional subparallel zones to the northeast, an area
of Mallard that remains to be drill tested.
In addition, the high-grade mineralization encountered in the 2021 Mallard drill holes is present within
110 m of surface. Coupled with the presence of numerous high -grade, glacially dispersed boulders,
suggests that open-pit extraction methods may be potentially applicable in a development scenario. By
comparison, several of the more advanced niobium focused projects in North America are being
developed using underground extraction scenarios due to significant amounts of overburden, including
North America’s only operating niobium mine – Niobec. Overburden thickness at Mallard ranges from 2
to 5 m.
The Company is in the process of updating the geological model at Mallard, which will guide targeting
for the next phase of drilling, planned for 2022.
Core sample assays for the four (4) drill holes (668 m) completed at the Miranna Prospect, immediately
following the drilling at Mallard, have not yet been received. The drilling at Miranna, marks the first drill
testing to date at that prospect.
The Miranna Prospect is characterized by a strongly mineralized (niobium-tantalum-phosphate), glacially
dispersed boulder train with an apex that correlates with a distinct magnetic high anomaly. Sample
assays of the mineralized boulders from the train include 5.93% Nb2O5, 310 ppm Ta2O5, and 11.5% P2O5;
and 4.30% Nb 2O5, 240 ppm Ta2O5, and 13.4% P 2O5; as well as multiple additional samples grading >1%
Nb2O5. The drill holes at Miranna are targeting the interpreted bedrock source of this mineralized boulder
train. Geological logging of the 2021 Miranna drill core has identified coarse-grained (up to 0.5 cm)
pyrochlore mineralization present in each hole, primarily hosted within a magnetite-calcite Carbonatite
rock unit.
The Company notes that it carried out its field programs while adhering to all federal, provincial, and
regional restrictions in place due to the COVID -19 pandemic. The Company successfully navigated the
process to enter Nunavik with authorization obtained to complete its planned field activi ties. Mineral
exploration has been recognized as an essential service in Canada and the Province of Quebec. The
Company is also pleased to report that no cases of COVID-19 were documented with respect to the 2021
exploration program.
Quality Assurance / Quality Control (QAQC)
A Quality Assurance / Quality Control protocol following industry best practices was incorporated 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 , for a total of 933 samples including QAQC, and were shipped to
Activation Laboratories in Ancaster, ON for analysis.
Lab analysis included niobium, tantalum, and major oxides by XRF (package 8-Coltan XRF + Major Oxides)
and fluorine by Fusion Specific Ion Electrode -ISE (Co de 4F -F). The fluorspar content (CaF 2) is
approximated by multiplying the fluorine assay by 2.055 and assumes the fluorspar is the sole source to
the fluorine. However, a limited to negligible amount of fluorine may be attributed to fluorapatite, which
maybe present with the fluorite in the sample . Therefore, the CaF2 grade noted is best represented as
an approximation of the fluorspar content. Standard drill core sample preparation was completed and
comprised of crushing to 80% passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95%
passing 105 µ (package RX1). Additional sample analysis is anticipated.
Figure 1: 2021 drill assay highlights – Mallard Prospect
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. T he 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 we will execute a considerably more expansive drill program ; that
geological model at Mallard will guide targeting for the next phase of drilling, planned for 2022 ; 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 fin ance 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 a ssumes no responsibility to update or revise such information to reflect new events or
circumstances, except as required by law.