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savant explorations ltd (SVT) Snapshot

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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 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.

Savant Explorations Ltd. expected to report Q3 2014 results on November 27, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Savant Explorations Ltd. expected to report Q3 2014 results on November 27, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Savant Explorations Ltd. Receives Permit for Drilling on its Frazier Creek Copper Porphyry Property, Nevada

Savant Explorations Ltd. has received a permit to drill its Frazier Creek Property in Nevada. The initial drill program is scheduled to start in mid-October. Frazier Creek Property: The Frazier Creek property is underlain by intensely silicified and hydrothermally dolomitized limestone extending over a 1.8 km x 0.8 km area that carries widespread anomalous copper and molybdenum values, grab samples from silicified structures range from 1.1% Cu to over 3.0% Cu, and a sericitically-altered and mineralized feldspar porphyry dike. The combination of these features and the intensity of the alteration suggest that this large area may be the 'lithocap' to a buried copper - molybdenum bearing porphyry deposit lying within a few hundred metres of surface. The initial drill program is designed to test for this possibility. Limestone is an excellent host rock for the formation of copper skarn mineralization and increases the probability of higher primary copper grades. In addition, structural mapping of the property indicates that the alteration system is near vertical and not disrupted by extensional faulting. Buckhorn, Arizona - Property Update: Savant is awaiting the permit to drill on its Buckhorn Property in Arizona, where two Induced Polarization (I.P.) chargeability anomalies 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. Further updates on the timing of the drill program at Buckhorn will be made available once the permit has been received. The Frazier Creek and Buckhorn properties were acquired under option from Eurasian Minerals Inc. through its wholly owned subsidiary Bronco Creek Exploration.


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