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As of 3:49 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

savant explorations ltd (SVT) Snapshot

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Previous Close
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52 Week High
04/2/14 - C$0.10
52 Week Low
11/19/14 - C$0.02
Market Cap
1.1M
Average Volume 10 Days
27.7K
EPS TTM
C$-0.0070
Shares Outstanding
70.9M
EX-Date
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Current Stock Chart for SAVANT EXPLORATIONS LTD (SVT)

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savant explorations ltd (SVT) Details

Savant Explorations Ltd., a junior mineral exploration company, engages in the exploration and development of mineral resource properties in Canada, Chile, and the United States. It primarily explores for zinc, copper, lead, silver, and gold ores. The company holds interests in the Yuby Gabriela property located in the prolific Paleocene Porphyry Copper district in Northern Chile; and the Blue Moon polymetallic massive sulphide property covering approximately 179 hectares in Mariposa County, California. It also has an interest in the Yava property that consists of a mineral lease totaling approximately 1,281 hectares with an additional 4,449 hectares of mineral claims in Nunavut. Savant Explorations Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

savant explorations ltd (SVT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$74.7K
Chief Financial Officer, Corporate Secretary,...
Total Annual Compensation: C$30.5K
Compensation as of Fiscal Year 2013.

savant explorations ltd (SVT) Key Developments

Savant Mulls Strategic Options For Polymetallic Zinc-Copper-Silver Resource Project

Savant Explorations Ltd. (TSXV:SVT) is currently reviewing various strategic options to advance its wholly-owned Blue Moon zinc-copper-silver advanced resource project, located in Mariposa County, California. Savant is currently focusing on its copper exploration strategy in the Southwest U.S., but considers Blue Moon to be a valuable portfolio asset that has potential to bring considerable value to the company and its shareholders. John McClintock, President and Chief Executive Officer of Savant Explorations said, "There is an overall view within the industry that there will be a pending zinc supply deficit in the coming years and demand will increase amongst zinc producers for near-term supply opportunities. Blue Moon is an advanced high-grade resource with favourable metallurgy and significant upside for expansion that could fit the bill."

Savant Explorations Ltd. Provides an Overview of Wholly-Owned Polymetallic Zinc-Copper-Silver Resource Project

Savant Explorations Ltd. is currently reviewing various strategic options to advance its wholly-owned Blue Moon zinc-copper-silver advanced resource project, located in Mariposa County, California. The Blue Moon deposit contains a polymetallic massive sulphide resource prepared under NI 43-101 guidelines in excess of 3 million tons with a grade of 5.63% zinc and also containing significant bi-products of copper, silver and gold in the indicated category and 3.1 million tons with a grade of 5.58% zinc and significant bi-products of copper, silver and gold in the inferred category. The company is currently focusing on its copper exploration strategy in the Southwest U.S., but considers Blue Moon to be a valuable portfolio asset that has potential to bring considerable value to the company and its shareholders. The company's preference would be to leverage the Blue Moon asset through either an outright sale or a partnership under an earn-in joint venture structured deal. However, since the property has very low holding costs, the company is also willing to retain the asset for future development or a value-added business transaction when global metal markets improve. Highlights: High-grade polymetallic volcanogenic massive sulphide deposit containing NI 43-101 Resources of: Indicated - 3.02 Mt @ 5.63% Zn, 0.64% Cu, 1.36 oz/t Ag, 0.04 oz/t Au, and; Inferred - 3.1 Mt @ 5.58% Zn, 0.39% Cu, 1.56 oz/t Ag, 0.04 oz/t Au. High precious metal values (> 1 ounce per ton silver); Good exploration potential to expand existing resource and develop new targets at depth and along strike. Secure tenure Valid NPDES Water discharge permit in place; Favourable metallurgical results with recoveries of up to 95% zinc, 93% copper, 70% silver, 65% gold; Historical production. The property is accessible by a five kilometre gravel road off a nearby paved highway. There is an irrigation reservoir and hydroelectric power generation facility two kilometres north of the property and the main transmission line passes one kilometre to the north. The Blue Moon deposit is a Kuroko-type, polymetallic, volcanogenic, massive sulphide deposit hosted by the Upper Jurassic Gopher Ridge Formation of the Western Block of the Sierra Foothills Metamorphic Belt. This belt extends for 300 kilometres along the western foothills of the Sierra Nevada Mountains and is approximately 9.5 15 kilometres wide. Clusters of zinc-copper rich, polymetallic, massive sulphide deposits occur along the length of the belt at approximately 40 kilometre intervals.

Savant Explorations Ltd. Provides an Update on Exploration Activities

Savant Explorations Ltd. provided an update on its Southwest U.S. copper exploration programs. The drilling program on the Frazier Creek Property has been temporarily suspended due to unexpectedly difficult ground conditions. Two attempts were made to complete the initial hole from two different locations on either side of the main altered zone. The holes encountered a combination of extensive faulting and swelling clays at a shallow depth. After consultation with the drill contractor, it was decided that to avoid the risk of losing drill steel down the hole and in order to conserve capital, it was prudent to suspend the drilling, assess the situation and consider an alternative drilling approach. The maximum depth reached was 121 metres, well short of the planned target depth of 600 metres and as a result, the high-priority target remains untested. The timing for a re-start of the program is uncertain and will depend on the availability of equipment and the logistics of drilling in the high desert during the late fall and winter months, when drilling costs are considerably higher. Savant is awaiting the permit to drill on its Buckhorn Property in Arizona, where two Induced Polarization chargeability anomalies warrant drill testing. Savant's management team has worked through an extensive database of geological, structural, geochemical and historical exploration for a key area of the Southwest U.S where the potential for undiscovered buried copper porphyry deposits is considered to be the highest. Further due diligence will be undertaken this year to further prioritize these target areas.

 

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