Saville Resources Inc. is pleased to announce the discovery of a new area of surface mineralization at its 100% owned Covette Property. Saville organized an exploration team for a reconnaissance program where a new zone of surface mineralization was discovered directly above the area of high conductivity identified by the 2016 VTEM survey. 8 samples were taken along a visible ~200-meter strike length of what is described [...]
Saville Resources Inc. is pleased to announce that it has arranged a non-brokered private placement. The arrangement is for up to 10,000,000 units of the Company at a price of $0.05 per Unit for gross proceeds of up to $500,000. Concurrently the Company will also be offering up to 25,000,000 flow-through shares at a price of $0.06 per FT Unit for gross proceeds of up to $1,500,000. The Units will consist of one common [...]
Saville Resources Inc. is pleased to report that it has closed on its previously announced acquisition of a 100% interest in the Covette nickel-copper-cobalt property, consisting of 65 mineral claims totaling approximately 3,370 ha. The Property The Property is located approximately 190 km east of Radisson and 10 km north of the all-weather Trans-Taiga road and adjacent LG-3 transmission line. The claim area consists of [...]
Saville Resources Inc. is pleased to report the results of the recent prospecting and sampling completed throughout the Miranna Area, which forms part of its Niobium Claim Group in northern Quebec. This work was conducted by Commerce Resources Corp. during their 2017 field program. The Miranna Area is characterized by a strongly mineralized, glacially dispersed, boulder train with a source interpreted to be potentially on [...]
Saville Resources Inc. is pleased to provide an overview of the work completed historically by Commerce Resources Corp. on the Niobium Claim Group located in northern Quebec, approximately 130 km south of Kuujjuaq. The Company has completed their review of the results collected on these claims since 2007, and is currently delineating targets for an upcoming drill program. The Property is being acquired based on the strong [...]
Saville Resources Inc. is pleased to announce that it has closed the first tranche of its non-brokered private placement of 2,387,000 flow-through units of the Company at a price of $0.10 per unit for gross proceeds of $238,700. Certain insiders of the Company participated in the financing. Each FT Unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one [...]
Saville Resources is pleased to announce that it has entered into an exploration earn-in agreement with Commerce Resources on a group of niobium claims that form part of their Eldor Property. The claim group consists of 21 contiguous mineral claims, encompassing an area of approximately 980 ha, and are considered highly prospective for niobium and tantalum. The Property includes the high-priority, and drill ready, Miranna [...]
Saville Resources is pleased to announce that it has arranged a non-brokered private placement. The arrangement is for up to 1,250,000 units of the Company at a price of $0.08 per Unit for gross proceeds of up to $100,000. Concurrently the Company will also be offering up to 4,000,000 flow-through units at a price of $0.10 per FT Unit for gross proceeds of up to $400,000. Certain insiders of the Company intend to [...]
Saville Resources wishes to report that the TSX Venture Exchange has accepted for filing a debt settlement arrangement pursuant to which the Company has issued 3,650,000 shares at a deemed price of $0.06 per share to settle outstanding debt of $219,000. The shares issued pursuant to the settlement arrangement are subject to restriction on resale to April 12, 2018. In connection with the debt settlement transaction, Zimtu [...]
Saville Resources Inc. announces that its common shares are now listed on the Frankfurt Stock Exchange under the symbol S0J. Saville anticipates that this listing will provide the company with increased visibility for its activities in all European capital markets. In addition, the Company has been assigned the Legal Entity Identifier number 529900CVOND4UPFR7A56. The European Union has adopted regulations that require use [...]
Saville Resources Inc. wishes to provide an update on the Company’s latest developments. Property Option Agreement The Company is pleased to announce that it has entered into an agreement, pending exchange approval, with Zimtu Capital Corp. to acquire a 100% interest in and to the Covette Property, located in the James Bay Region of Quebec. The Covette Property is located approximately 190 km east of Raddison and 10 km [...]
Saville Resources is pleased to report that it has closed the announced non-brokered private placement for gross proceeds of $857,300. Pursuant to the offering, Saville issued 14,288,333 units at a price of $0.06 per Unit for aggregate gross proceeds of $857,300. Each Unit consists of one common share of the company and one share purchase warrant exercisable into one common share at an exercise price of $0.10 for a period [...]
