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saville resources inc (SRE) Details

Saville Resources Inc., an exploration stage company, engages in the acquisition, exploration, development, and mining of mineral properties. The company holds an option to acquire a 100% interest in the Bud mineral claims located in the Greenwood Mining Division of British Columbia; and a 100% interest in the Manson Creek Property comprising 5 contiguous mineral claims covering approximately 2,280 hectares at Manson Creek, British Columbia in the Omenica Mining District. Saville Resources Inc. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

saville resources inc (SRE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$30.0K
Chief Financial Officer, Secretary and Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

saville resources inc (SRE) Key Developments

Saville Resources Inc., Annual General Meeting, Oct 29, 2013

Saville Resources Inc., Annual General Meeting, Oct 29, 2013., at 11:30 Pacific Standard Time. Location: #1710 - 1177 West Hastings Street. Agenda: To receive the report of the directors; to receive the audited financial statements of the company for the fiscal year ending April 30, 2013, together with the auditor's report thereon; to appoint the auditor for the company; to fix the number of directors and to elect directors for the ensuing year; to consider and, if thought advisable, to approve a resolution of the shareholders to adopt the company's stock option plan (2013); and to consider, and, if thought advisable, grant authority to the directors of the company to enter into one or more private placement financings or property acquisitions providing for the issuance of common shares representing more than 100% of the company's current issued and outstanding common shares as more particularly described in the Information Circular attached.

Saville Resources Inc. Auditor Raises 'Going Concern' Doubt

Saville Resources Inc. filed its Annual on Jun 03, 2013 for the period ending Apr 30, 2013. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Saville Resources Inc. Announces Results of Soil Sampling Program on Wolf Claims

Saville Resources Inc. announced results of the recently completed soil sampling program on the newly acquired Wolf Claims consisting of 4 contiguous mineral claims located in historic Manson Creek, 136 kilometers northwest of Fort St. James, in the Omenica Mining Division of north central BC. The claims cover an area of approximately 1,824 hectares and are accessible by logging roads. The work program was planned to determine if extensions of a gold and silver-bearing galena vein exposed by trenching on a neighbouring claim would project onto the Wolf claims. 203 soil samples were collected from flagged lines at 200 metre line spacings with samples collected every 25 metres along the lines. The sampling was completed on two areas, Area A located to the NW of the galena vein, and Area B to the SE. Results from Area A failed to define any anomalies that extend beyond a single line. Much of this area is overlain by thick overburden deposits in the Manson Creek Valley so any geochemical expression related to mineralization may be masked. However, Area B's sampling program did delineate a very distinct silver-lead-zinc anomaly that is present on all four soil lines. The anomaly trends at approximately 100° over a strike length of 800 metres, has a width of 50-75 metres and is open to the west and east. It does not appear to line up with the apparent trend of the existing galena vein. Nonetheless it forms a distinct trend and could well be a subparallel structure or a splay structure from the main Manson Creek fault. The anomaly is characterized by anomalous silver-lead-zinc. On three of the four lines sampled (Lines I-J, K-L and M-N) silver values consistently exceed 1g/t, ranging from 1.05 to 3.14 g/t silver. On the fourth line where the anomaly is present, (Line O-P) silver values are in the range of 0.3 g/t silver. Lead and zinc are consistently elevated within and proximal to this trend, the values range considerably from line to line but are always elevated in this trend relative to the samples flanking the trend; this was used to help determine the location of the trend on line O-P. Lead values within the trend range from 5.2-102 ppm. Zinc shows a similar relationship; values within the trend range from 57-373. This trend is not likely affected by glaciation. The soil anomaly is on a moderately steep hill above the river valley bottom. Many of the samples reached bedrock and some are a mix of B and C-horizons as shale rock chips were commonly observed in the soil pits. On occasion pyrite-bearing quartz fragments were also noted. None of the soils were analyzed for gold to see if the same gold-silver relationship seen at the galena vein to the northwest exists within the soil data. There are multiple scattered silver-lead-zinc values to the north of the anomalous trend. It is not clear if some of these represent a sub-parallel vein structure or are the results of downslope dispersal of the stronger anomaly upslope. Follow-up work for 2013 will include infill soil sampling at 100 metre line spacing to further delineate the anomaly. In addition geological mapping and sampling will be undertaken to see if a bedrock source for the anomaly can be located. Hand trenching may be considered over the strongest portion of the geochemical anomaly if overburden depths are not too great. Based on the results the company staked an additional mineral claim to cover potential strike extension further to the southeast. Soil sample lines will be completed on the new claim to see if the same geochemical anomaly is present.


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