Savant Explorations Ltd.

Savant Explorations Ltd.

November 18, 2009 09:22 ET

Savant Explorations Ltd. Announces Induced Polarization Survey on Gabriela Property in Northern Chile Porphyry Belt to Start November 23, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2009) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce the Induced Polarization survey over its 5900 hectare Gabriela property located in Chile's prolific Paleocene porphyry copper district is scheduled to start on November 23, 2009. The Gabriela property is well located along a major highway and power transmission lines approximately 60 kilometres north of BHP Billiton's Spence producing mine and 40 kilometres west of Codelco's producing Chuqicamata mine. These mines currently have over 1 million tonnes of annual copper production. The Gabriela property is one of the few junior company held large properties with demonstrated porphyry copper mineralization in the main Chilean porphyry copper trend.

Previous geophysical surveys and drilling, including Savant's previously reported July 2008 drill program, focused on a small portion of the property (approximately 25%) and discovered two areas of porphyry copper- molybdenum mineralization. The current geophysical program will examine the remaining 4,400 hectares of the property, which is largely covered by shallow gravels where the only previous exploration was 3 widely spaced reconnaissance holes. Two of these shallow holes drilled through the covering gravels and intersected propylitically altered, pyritic, andesitic volcanic rocks with geochemically anomalous levels of copper. This type of alteration and anomalous copper in these holes are similar to that found at the periphery of the Spence deposit located 63 kilometres to the south. The induced polarization survey is being used to locate areas of anomalous chargeability and resistivity, which are geophysical characteristics often associated with porphyry copper mineralization. Targets developed by the geophysical survey will be subsequently tested by drilling.

The Gabriela property is 100% owned by Savant. A portion of the property, referred to as the Yuby claims is subject to Xstrata's back-in right to earn 50% of Savant's interest in the property by spending 2.5 times Savant's expenditure on the property. The majority of the planned induced polarization survey will be conducted on concessions not included in the Xstrata back-in right.

Savant also is pleased to announce that drilling is ongoing on its Vinata project with the first of 3 planned holes completed. Analytical results of core sampling in this first hole are pending. The drill holes are testing the continuity of the known mineralized structures, as well as for possible occurrence of manto and chimney type mineralization at depth. The Vinata project is located in North Central Mexico in the prolific Central Mineral Belt that hosts numerous large silver-lead–zinc deposits at Bismark, Santa Eulalia and Naica. The Vinata Project has excellent potential for the discovery of a new major silver-zinc-lead deposit within the mining districts of Santa Eulalia and Naica in the State of Chihuahua Collectively; these mines have produced more than 750 million ounces of silver and significant zinc and lead. Further details on the property and drilling program are available in Savant's news release of October 7, 2009 and on the company's web site.

John McClintock, P. Eng, President Savant Explorations Ltd. is the Qualified Persons, as defined by National Instrument 43-101, responsible for the technical data in this news release.

This press release contains forward-looking statements. These forward-looking statements are based upon the reasonable beliefs of Savant and its management as of the date of this news release; however, forward-looking statements involve risks and uncertainties and are based upon factors that may change and assumptions that may prove, with the passage of time, to be incorrect as a result of exploration and other risk factors associated with mineral exploration and development that are beyond the control of Savant. Accordingly, undue reliance should not be placed upon such statements. If factors materially change or assumptions are materially incorrect, the actual results, performance or achievements of Savant may be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Savant does not undertake any obligation to update or revise any forward-looking statements to reflect new information, future events or otherwise, except as required by applicable law.

Contact Information