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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 Confirms Drill Target on its Frazier Creek Copper Porphyry Property, Nevada

Savant Explorations Ltd. has outlined a high priority drill target on its Frazier Creek Property, Nevada. Detailed mapping of the intensely silicified and hydrothermally dolomitized limestone that extends over a 1.8 km x 0.8 km area confirmed the mineralization system to be near vertical and not disrupted by extensional faulting. The previously reported widespread anomalous copper and molybdenum values were confirmed. The drill target outlined at Frazier Creek adds to the two drill targets identified by Savant on its Buckhorn Property, located in Arizona. With the confirmatory surface work completed, permitting is now underway to carry out an initial drill program later this year. The work completed by Savant at Frazier Creek was part of an initial field exploration program on its portfolio of three copper porphyry properties in the Southwest U.S. that also included an Induced Polarization (I.P.) survey on the Buckhorn property and a CSAMT geophysical survey on the Jasper Canyon property, both located in Arizona. Mapping and sampling programs on the Frazier Creek property confirmed that areas of strongest copper and molybdenum mineralization are associated with intense silicification and narrow sulphide-mineralized structures within a pervasive fine stockwork of quartz veining. Selected grab samples collected from these structures contained values ranging from 1.1% Cu to over 3.0% Cu. As previously reported, an I.P. survey on the Buckhorn property outlined two chargeability anomalies that warrant drill testing. One of the anomalies coincides directly with an exploration target that was established by the presence of key surface indicators of porphyry copper mineralization - this coincidence suggests that the anomaly may be related to a buried copper porphyry body. At Jasper Canyon, a CSAMT survey completed over the property showed the post mineral cover is between 500 and 800 metres thick. Beneath the post mineral cover the basement lithologies are highly resistive and show no indication of a porphyry copper system being present. The lack of a bona fide anomaly makes the property a very high risk exploration target. A major part of Savant's new copper exploration strategy for the Southwest U.S. is to identify new high-priority copper targets to advance Savant's growth strategy in the region. Savant's management team continues working through the extensive database of geological, structural, geochemical and historical exploration work available for the Southwest U.S. copper belts.

Savant Explorations Ltd. Announces IP Defines High-Priority Drill Targets on the Buckhorn Copper Property, Arizona

Savant Explorations Ltd. announced that a recently completed induced polarization survey on the Buckhorn copper porphyry property in Arizona returned two strong chargeability anomalies that warrant drill testing. One of the anomalies, referred to below as Anomaly 1, coincides directly with an exploration target that was established by the presence of key surface indicators of porphyry copper mineralization which suggests that the IP anomaly may be related to a buried copper porphyry body. The IP survey was conducted along two lines; a main east north-east line of 4.2 kilometers in length and a northwest cross line of 2 kilometers in length. The array used should detect chargeable material to a depth of about 450 meters. The main survey line was designed to test for porphyry copper mineralization beneath younger post mineralization volcanic rocks east of basement rocks that host distal porphyry copper-type alteration and where a basal conglomerate at the contact of the younger volcanic and basement rocks contains both fragments of leached porphyry rocks and exotic copper oxide. A graphic presentation of the IP survey results is presented on a plan map and a fence diagram of the IP chargeability section with superimposed geology. Planning and permitting for a program of reverse circulation drilling to test both Anomaly 1 and Anomaly 2 has commenced.

Savant Explorations Ltd., Annual General Meeting, Jun 06, 2014

Savant Explorations Ltd., Annual General Meeting, Jun 06, 2014., at 10:00 Pacific Standard Time. Location: Suite 835­ 1100 Melville Street. Agenda: To receive and consider the financial statements for the year ended December 31, 2013, report of the auditor and related management discussion and analysis; to determine the number of directors at four; to elect directors for the ensuing year; to appoint an auditor for the ensuing year and to authorize the directors to fix the auditor's remuneration; to ratify and approve the continuation of the share option plan, as amended; to consider any permitted amendment to or variation of any matter identified in this notice; and to transact such other business as may properly come before the Meeting or any adjournment thereof.


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