New Surface Mineralization Discovered At The Covette Property, Quebec

VANCOUVER, BC - Saville Resources Inc. reported the discovery of a new area of surface mineralization at its 100% owned Covette Property, located in the James Bay Region in the Province of Quebec.

Saville organized an exploration team for a reconnaissance program where a new zone of surface mineralization was discovered directly above the area of high conductivity identified by the 2016 VTEM survey. 8 samples were taken along a visible ~200-meter strike length of what is described as an oxidized silicified foliated amphibolitic rock unit. The best of the samples was sample 4289 that assayed 1.2% zinc and 68.7 g/t silver. Samples 4284-4286 returned elevated values of 0.13% to 0.19% nickel.

The Property is located approximately 190 km east of Radisson and 10 km north of the all-weather Trans-Taiga road and adjacent LG-3 transmission line. The claim area consists of 65 contiguous claims, encompassing an area of approximately 3,370 ha (~34 km²).

In late 2016, a 1402 line-km Versatile Time Domain Electromagnetic (VTEM) survey was completed over the Covette Property by Geotech Ltd., of Aurora, Ontario. It identified several high priority electromagnetic (EM) conductors coincident with strong and distinct magnetic high anomalies, as well a broad and large coincident EM and magnetic high anomaly. These areas are considered prospective for base and precious metal targets. 

Geologically, a greenstone belt underlies the region, comprised of various mafic to ultramafic rock units considered prospective for base and precious metals (Ni-Cu-Co-PGE-Au-Ag), as well as pegmatite hosted rare metals (Li-Ta). Komatiites have also been described in the region with such rock types known to host significant Ni-Cu massive sulphide deposits at other localities globally, adding further to the prospective nature of the region.  

Historically, the Property area has been subject to only limited exploration, which focused primarily on prospecting and sampling. Outcrop exposure in the area is limited. Historic sampling results include the pegmatite/amphibolite Clothilde Showing where 4.7% Mo, 0.73% Bi, 0.09% Pb, and 6.0 g/t Ag, as well as 1.2 g/t Ag and 0.18% Cu were returned from two grab samples, respectively.

A ground prospecting program was completed in Q3-2017 which unveiled samples returning assays of 0.18 nickel, 0.09% copper, and 87 ppm cobalt. The ground work and surface sampling was not sufficient to explain the source of the VTEM anomalies, and collectively, appear to indicate a source at depth.