The Company’s principal resource asset is the Niobium Claim Group, currently under Earn-In Agreement from Commerce Resources Corp. for up to a 75% interest. The Property, located 130 km southwest of Kuujjuaq, consists of 26 contiguous mineral claims, encompassing an area of approximately 1,223 hectares, and is considered highly prospective for niobium and tantalum, both elements now declared to be critical minerals by the United States and the European Commission.
The Property includes portions of the high-priority, and drill-ready Miranna Target, where prior boulder sampling in the area by Commerce Resources has yielded 5.9% Nb2O5 and 1,220 ppm Ta2O5, as well as the Northwest and Southeast areas (the Mallard Target) where previous diamond drilling by Commerce Resources has returned wide intercepts of mineralization, including 0.61% Nb2O5 over 12.0 m (EC08-008) and 0.82% Nb2O5 over 21.9 m (EC10-033), respectively.
Saville’s Phase I drill program on the Property has now concluded with a total of 1,049 m completed over five (5) holes, focused at the Mallard Target in the Southeast Area of the Property. The primary objective of the drill program was to test the southeastern extension of the high-grade and near-surface mineralized intercepts returned historically from drill hole EC10-033.