Saville Resources Releases 4.30% Nb2O5 Sampled on the Niobium Claim Group, Quebec
Saville Resources Releases 4.30% Nb2O5 Sampled on the
Niobium Claim Group, Quebec
April 12, 2018 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”)
is pleased to report the results of the recent prospecting and sampling completed throughout the
Miranna Area, which forms part of its Niobium Claim Group (the “Property”) in northern
Quebec. This work was conducted by Commerce Resources Corp. during their 2017 field
program.
The Miranna Area is characterized by a strongly mineralized (Nb-Ta-Phosphate), glacially
dispersed, boulder train with a source interpreted to be potentially on the Company’s Property.
Prospecting work in the area continues to identify numerous, well-mineralized boulders, with the
2017 program returning a peak niobium sample of 4.30% Nb2O5, 240 ppm Ta2O5, and 13.4%
P2O5, and a peak tantalum sample of 1.16% Nb2O5, 700 ppm Ta2O5 , and 0.65% P2O5. A
summary of results is presented in Table 1.
Table 1 – Select mineralized boulder sample results, collected on the Property from the
Miranna Area in 2017
Sample ID Nb 2O5 (%) Ta2O5 (ppm) P2O5 (%)
119105 4.30 240 13.4
119079 2.75 130 7.6
119102 2.24 290 11.6
119097 0.69 350 8.8
119098 0.75 660 14.2
119095 1.18 590 13.1
119091 1.16 700 0.65
(1) Ta2O5 and Nb2O5 are analyzed by XRF with a detection limit of 10 ppm
The recent field work further supports the presence of a large, strongly mineralized boulder field
with a source towards the south-southeast. A distinct lull in mineralized boulders is coincident
with the primary geophysical anomaly in the Miranna Area, of which approximately half is
present on the Property. This anomaly, known as the Miranna Target, is interpreted to be a
potential source of the boulder train. Further, the data suggests several overlapping boulder trains
may be present, with one source potentially from the Southeast Area.
All samples were analyzed by Activation Laboratories Ltd. the Ancaster, ON facility for major
oxide, rare earths, and trace elements by fusion ICP and ICP/MS, tantalum and niobium by XRF,
and for fluorine by Fusion Specific Ion Electrode-ISE.
The Company intends to complete its maiden drill program on the Niobium Claim Group
Property in the latter half of 2018. The program will aim to test the portion of the Miranna Target
that is present on the Property, as well as further test the Northwest and Southeast areas, which
are also considered highly prospective, with several well-mineralized drill intersections returned
in prior years. Since the discovery of the Ashram Rare Earth Deposit, Commerce Resources
Corp. elected to focus on that asset.
The Miranna, Southeast, and Northwest areas are all located within only a few kilometres of the
Ashram Rare Earth Deposit, which suggests there could be significant potential for development
synergies in the event a deposit of merit is defined by the Company on its Niobium Claim Group.
The Company is currently preparing an NI 43-101 Technical Report on the Niobium Claim
Group Property, which consists of 21 contiguous claims within the Eldor Property held by
Commerce Resources Corp. Saville recently signed an Earn-In Agreement (subject to TSX
Venture Exchange approval) providing the Company with the exclusive right to earn up to a 75%
interest in the Property (see news release dated January 11, 2018). The agreement is
conditionally approved by the TSX Venture Exchange, pending receipt of an acceptable NI 43-
101 Technical Report on the Property.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a 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 primary asset, subject to TSXV final approval, is the Niobium-Claim Group,
recently acquired via Earn-In Agreement from Commerce Resources Corp. for up to a 75%
interest. The Property consists of 21 contiguous mineral claims, encompassing an area of
approximately 980 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 up to 5.9% Nb2O5 and up to 1,220 ppm Ta2O5, as
well as the Northwest and Southeast areas where previous drilling returned wide intercepts of
mineralization including; 46.88 m grading 0.46% Nb2O5 (EC08 -008) and 19.54 m grading
0.85% Nb2O5 (EC08-033), respectively.
On Behalf of the Board of Directors
SA VILLE 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 but are not limited to the exploration Earn-In
agreement and any reference to work commitments (including the completion of a drill program). These 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 base d 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.