Savannah Resources said a drilling programme at the Mina do Barroso lithium project in Portugal continued to return 'significant' intersections of lithium mineralisation. A total of 87 holes for 7,081m had been drilled to date across three primary targets, including the Grandao deposit. 'We are delighted to see the expanding geometry of Grandao with both near surface and deeper mineralisation,' chief executive David Archer said. 'The Grandao deposit is shaping up as a major additional component to the overall global mineral resource for the Mina do Barroso lithium project.' 'The overall tempo of activities continues to accelerate as the project's potential becomes more apparent.' 'We are working to an aggressive timetable to deliver on a series of major milestones over coming months, which we believe will highlight the project's potential to be a key, up-stream component of the European lithium valued added chain.'
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