SVT

Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce
that it has increased the size of its Frazier Creek Property through staking of
additional mineral claims. The new claims, which extend the property a further
1.8 kilometres to the south, were acquired in order to protect an area of
hydrothermally-altered limestone discovered to the south of the main area of
alteration and mineralization. The new alteration zone occupies a small knoll
within a large area of alluvial cover and may indicate that either the main zone
extends more than a kilometre further to the south than previously thought, or
that there is a second mineralized centre along the same regional structure. 


The Frazier Creek property is located approximately 40 kilometres north of the
town of Eureka Nevada. With the addition of the new claims, the property now
consists of 131 lode mineral claims covering 1,071 hectares. The property covers
moderately to intensely silicified and hydrothermally dolomitized Silurian and
Devonian limestone. Historical exploration identified widespread anomalous
copper and molybdenum values in silicified and dolomitized bedrock over a 1.8 km
x 0.8 km area. The highest copper and molybdenum mineralization occurs within
areas of intense silicification and narrow sulphide mineralized structures. In a
shallow historical working, a grab sample containing 0.8% copper and 0.008%
molybdenum was collected from a sericitically altered feldspar porphyry dyke
which may suggest the presence of a larger mineralized porphyry body at depth.
The only known drilling within this target area is a shallow churn drill hole
drilled in the mid-1960s.


The presence of anomalous copper and molybdenum within a large area of strong to
intense silicification, dolomitization and an altered porphyry dyke suggests
that there is potential to find a copper - molybdenum bearing porphyry deposit
within a few hundred metres of surface. Limestone would be an excellent host
rock for the formation of copper skarn mineralization and increases the
probability of higher grade copper mineralization in any primary copper
porphyry. The results from the churn drill hole are unknown.


The original Frazier Creek property was acquired by Savant as part of a three
property earn-in agreement between Savant and Eurasian Minerals Inc. (EMX.TSX-V,
EMXX.NYSE MKT) through its wholly owned subsidiary Bronco Creek Exploration Inc.
The other two properties, Buckhorn and Jasper Canyon, are located in
neighbouring Arizona. The agreement provides Savant the right to earn up to a
100% interest in each of the three properties, subject to certain retained
royalties for Eurasian Minerals. Together, the three properties represent the
start of an aggressive regional copper exploration and discovery strategy by
Savant. The details of this strategy, the agreement terms for the three
properties, and summary property descriptions can be found in the Company's news
release dated October 30, 2013 and at www.savantexplorations.com.


Initial Work Program

Over the next several months, Savant plans on conducting detailed geological
mapping, grid-based geochemical sampling and preliminary geophysical assessment
on all three properties in order to prioritize areas for subsequent detailed
geophysical surveying and drill testing.


Stock Options

The Board of Directors have approved the granting of stock options to directors,
officers and consultants for the purchase of 1,525,000 common shares of Savant.
The options are granted pursuant to the Savant's Stock Option Plan and have an
exercise price of $0.05 per share, a term of five years and are fully vested.


About Savant

Savant is an exploration and development stage company focused on generating and
exploring high quality precious and base metal properties in stable
jurisdictions. Savant has recently initiated a new exploration and discovery
strategy in Southwest United States with the acquisition of the Buckhorn, Jasper
Canyon, and Frazier Creek properties. Savant's other properties and assets are
100% owned with combined annual holding costs of approximately $30,000. Savant
has a partner funding the Yuby Gabriela copper property in Chile with the next
option payment of US$1,000,000 due to Savant at the end of April 2014. Savant
also owns two other high-quality properties, Blue Moon and Yava that Savant's
management is seeking to monetize for maximum value to Savant and its
shareholders.


About Eurasian Minerals

Eurasian is a global gold and copper exploration company utilizing a partnership
business model to explore the world's most promising and underexplored mineral
belts. Eurasian generates wealth via grassroots prospect generation, strategic
acquisition and royalty growth.


John McClintock, P. Eng. CEO of Savant is the Qualified Person, as defined by
National Instrument 43-101, responsible for the technical data in this news
release.


More information on the Company's activities is available at the Company's web
site at www.savantexplorations.com.


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.


This news release contains forward-looking statements. These statements are
based on assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of failure to obtain
necessary regulatory approvals, the failure to reach agreement on final
documentation, exploration results and other risk factors that are beyond
Savant's control. There can be no assurance that such forward-looking statements
will prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements contained in this
news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Savant Explorations Ltd.
John McClintock
President and CEO
(604) 568-5817
info@SavantExplorations.com
www.SavantExplorations.com

Savant Explorations Ltd. (TSXV:SVT)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Savant Explorations Ltd. (TSXV:SVT)
Historical Stock Chart
Von Jul 2023 bis Jul 2024